Builder Investment Group Inc. ADV Trims Stock Holdings in Halliburton (NYSE:HAL)

Builder Investment Group Inc. ADV lowered its stake in shares of Halliburton (NYSE:HAL) by 0.7% during the 4th quarter, HoldingsChannel reports. The fund owned 163,491 shares of the oilfield services company’s stock after selling 1,135 shares during the period. Halliburton comprises 1.2% of Builder Investment Group Inc. ADV’s portfolio, making the stock its 21st biggest holding. Builder Investment Group Inc. ADV’s holdings in Halliburton were worth $4,445,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Country Trust Bank purchased a new position in Halliburton during the 3rd quarter valued at about $36,000. Continuum Advisory LLC grew its stake in Halliburton by 101.2% during the third quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company’s stock valued at $42,000 after acquiring an additional 698 shares in the last quarter. Modus Advisors LLC purchased a new stake in Halliburton in the 4th quarter worth approximately $38,000. ORG Wealth Partners LLC bought a new position in Halliburton in the 3rd quarter valued at $44,000. Finally, Mattson Financial Services LLC purchased a new position in shares of Halliburton during the 2nd quarter valued at $54,000. 85.23% of the stock is currently owned by institutional investors.

Halliburton Stock Performance

NYSE:HAL opened at $28.95 on Thursday. The firm has a market cap of $25.43 billion, a PE ratio of 10.09, a price-to-earnings-growth ratio of 3.36 and a beta of 1.91. Halliburton has a fifty-two week low of $25.51 and a fifty-two week high of $41.56. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.62 and a current ratio of 2.21. The business has a 50 day moving average price of $28.96 and a 200-day moving average price of $30.20.

Halliburton (NYSE:HAL) last released its quarterly earnings results on Thursday, November 7th. The oilfield services company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.02). Halliburton had a net margin of 11.04% and a return on equity of 28.33%. The business had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.83 billion. During the same period in the previous year, the company earned $0.79 EPS. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. Equities research analysts predict that Halliburton will post 2.99 earnings per share for the current year.

Halliburton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 26th. Investors of record on Wednesday, December 4th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.35%. The ex-dividend date was Wednesday, December 4th. Halliburton’s dividend payout ratio (DPR) is currently 23.69%.

Analyst Upgrades and Downgrades

HAL has been the topic of a number of research analyst reports. Susquehanna decreased their target price on Halliburton from $42.00 to $40.00 and set a “positive” rating on the stock in a research note on Friday, November 8th. Bank of America cut their price objective on Halliburton from $40.00 to $38.00 and set a “buy” rating for the company in a report on Monday, October 14th. Evercore ISI lowered their target price on shares of Halliburton from $43.00 to $35.00 and set an “outperform” rating on the stock in a research note on Wednesday. Morgan Stanley cut their price target on shares of Halliburton from $35.00 to $34.00 and set an “overweight” rating for the company in a research note on Monday, November 18th. Finally, Barclays restated an “equal weight” rating and set a $33.00 price objective (down previously from $43.00) on shares of Halliburton in a research report on Wednesday, December 18th. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $38.26.

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.