Prospera Private Wealth LLC Takes Position in Halliburton (NYSE:HAL)

Prospera Private Wealth LLC purchased a new stake in Halliburton (NYSE:HAL) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 8,698 shares of the oilfield services company’s stock, valued at approximately $253,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Avior Wealth Management LLC increased its stake in Halliburton by 204.3% during the 3rd quarter. Avior Wealth Management LLC now owns 2,498 shares of the oilfield services company’s stock worth $73,000 after buying an additional 1,677 shares during the period. PNC Financial Services Group Inc. increased its stake in Halliburton by 1.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 742,334 shares of the oilfield services company’s stock worth $21,565,000 after buying an additional 8,405 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Halliburton during the 3rd quarter worth approximately $6,253,000. Banque Cantonale Vaudoise increased its stake in Halliburton by 171.7% during the 3rd quarter. Banque Cantonale Vaudoise now owns 30,852 shares of the oilfield services company’s stock worth $896,000 after buying an additional 19,496 shares during the period. Finally, Caprock Group LLC increased its stake in Halliburton by 7.6% during the 3rd quarter. Caprock Group LLC now owns 67,765 shares of the oilfield services company’s stock worth $1,969,000 after buying an additional 4,807 shares during the period. 85.23% of the stock is owned by hedge funds and other institutional investors.

Halliburton Price Performance

Shares of NYSE HAL opened at $31.18 on Thursday. Halliburton has a 52 week low of $27.26 and a 52 week high of $41.56. The stock has a market cap of $27.39 billion, a price-to-earnings ratio of 10.86, a PEG ratio of 3.64 and a beta of 1.89. The company’s 50-day moving average price is $29.29 and its 200 day moving average price is $32.07. The company has a current ratio of 2.21, a quick ratio of 1.62 and a debt-to-equity ratio of 0.74.

Halliburton (NYSE:HAL) last released its quarterly earnings results on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.02). Halliburton had a return on equity of 28.33% and a net margin of 11.04%. The firm had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.83 billion. During the same period in the prior year, the business earned $0.79 earnings per share. Halliburton’s revenue for the quarter was down 1.8% on a year-over-year basis. As a group, research analysts forecast that Halliburton will post 3.02 earnings per share for the current fiscal year.

Halliburton Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Wednesday, December 4th will be given a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $0.68 annualized dividend and a dividend yield of 2.18%. Halliburton’s dividend payout ratio is presently 23.69%.

Analysts Set New Price Targets

HAL has been the topic of several recent research reports. Dbs Bank initiated coverage on shares of Halliburton in a research note on Wednesday, September 18th. They set a “buy” rating and a $45.00 target price on the stock. Raymond James lowered their price target on shares of Halliburton from $41.00 to $37.00 and set a “strong-buy” rating for the company in a report on Friday, November 8th. Benchmark reiterated a “buy” rating and set a $40.00 price target on shares of Halliburton in a report on Friday, November 8th. Barclays lowered their price target on shares of Halliburton from $47.00 to $43.00 and set an “overweight” rating for the company in a report on Friday, November 8th. Finally, Susquehanna lowered their price target on shares of Halliburton from $42.00 to $40.00 and set a “positive” rating for the company in a report on Friday, November 8th. Four investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Halliburton presently has an average rating of “Moderate Buy” and a consensus price target of $40.74.

Halliburton Profile

Halliburton Company provides products and services to the energy industry worldwide. It operates through two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; and completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, and service tools, as well as liner hanger, sand control, and multilateral systems.