Orion Portfolio Solutions LLC Sells 1,509 Shares of Halliburton (NYSE:HAL)

Orion Portfolio Solutions LLC decreased its position in Halliburton (NYSE:HAL) by 2.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,870 shares of the oilfield services company’s stock after selling 1,509 shares during the period. Orion Portfolio Solutions LLC’s holdings in Halliburton were worth $1,565,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Country Trust Bank bought a new stake in shares of Halliburton during the 3rd quarter valued at about $36,000. ORG Wealth Partners LLC acquired a new position in Halliburton in the third quarter valued at approximately $44,000. Venturi Wealth Management LLC boosted its holdings in shares of Halliburton by 34.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock worth $47,000 after buying an additional 412 shares in the last quarter. Brown Brothers Harriman & Co. grew its position in shares of Halliburton by 28.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company’s stock worth $51,000 after buying an additional 393 shares during the period. Finally, Mattson Financial Services LLC bought a new stake in shares of Halliburton in the 2nd quarter valued at $54,000. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Halliburton Stock Performance

HAL stock opened at $28.68 on Friday. The company has a quick ratio of 1.62, a current ratio of 2.21 and a debt-to-equity ratio of 0.74. The firm has a market cap of $25.20 billion, a PE ratio of 9.99, a P/E/G ratio of 3.61 and a beta of 1.90. The business has a 50 day moving average of $29.75 and a 200-day moving average of $31.35. Halliburton has a 12-month low of $27.26 and a 12-month high of $41.56.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.02). The business had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.83 billion. Halliburton had a net margin of 11.04% and a return on equity of 28.33%. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.79 EPS. As a group, sell-side analysts expect that Halliburton will post 3 earnings per share for the current year.

Halliburton Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Wednesday, December 4th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend is Wednesday, December 4th. Halliburton’s payout ratio is 23.69%.

Analysts Set New Price Targets

A number of research firms have commented on HAL. Barclays reduced 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. Royal Bank of Canada lowered Halliburton from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from $44.00 to $37.00 in a research report on Friday, September 13th. Bank of America cut their price target on Halliburton from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Morgan Stanley decreased their price objective on Halliburton from $35.00 to $34.00 and set an “overweight” rating for the company in a report on Monday, November 18th. Finally, Wells Fargo & Company cut their target price on Halliburton from $46.00 to $39.00 and set an “overweight” rating on the stock in a report on Wednesday, September 25th. Five investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Halliburton presently has an average rating of “Moderate Buy” and an average target price of $40.58.

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.