Summit Trail Advisors LLC Has $392,000 Stock Position in Halliburton (NYSE:HAL)

Summit Trail Advisors LLC lessened its holdings in Halliburton (NYSE:HAL) by 36.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,480 shares of the oilfield services company’s stock after selling 7,610 shares during the period. Summit Trail Advisors LLC’s holdings in Halliburton were worth $392,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Country Trust Bank bought a new position in shares of Halliburton in the 3rd quarter valued at approximately $36,000. Bruce G. Allen Investments LLC raised its holdings in Halliburton by 274.9% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 1,121 shares of the oilfield services company’s stock valued at $38,000 after acquiring an additional 822 shares in the last quarter. ORG Wealth Partners LLC acquired a new position in Halliburton in the 3rd quarter valued at approximately $44,000. Venturi Wealth Management LLC lifted its position in shares of Halliburton by 34.2% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock worth $47,000 after acquiring an additional 412 shares during the period. Finally, Beacon Capital Management LLC boosted its stake in Halliburton by 28.8% during the first quarter. Beacon Capital Management LLC now owns 1,382 shares of the oilfield services company’s stock worth $54,000 after buying an additional 309 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Susquehanna cut their target price on Halliburton from $42.00 to $40.00 and set a “positive” rating for the company in a research report on Friday, November 8th. Stifel Nicolaus dropped their price target on Halliburton from $45.00 to $42.00 and set a “buy” rating for the company in a report on Friday, October 11th. UBS Group reduced their target price on shares of Halliburton from $41.00 to $37.00 and set a “buy” rating on the stock in a research report on Wednesday, September 18th. Jefferies Financial Group lowered their price objective on Halliburton from $47.00 to $46.00 and set a “buy” rating for the company in a research report on Tuesday, September 24th. Finally, Raymond James cut their price target on Halliburton from $41.00 to $37.00 and set a “strong-buy” rating on the stock in a research note on Friday, November 8th. Four research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $40.74.

Halliburton Stock Performance

Shares of NYSE HAL opened at $31.81 on Wednesday. Halliburton has a one year low of $27.26 and a one year high of $41.56. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.21 and a quick ratio of 1.62. The firm has a market cap of $27.95 billion, a price-to-earnings ratio of 11.08, a P/E/G ratio of 3.93 and a beta of 1.89. The stock’s fifty day moving average price is $29.57 and its two-hundred day moving average price is $31.89.

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 return on equity of 28.33% and a net margin of 11.04%. 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 prior year, the business posted $0.79 earnings per share. Halliburton’s revenue was down 1.8% compared to the same quarter last year. On average, equities analysts forecast that Halliburton will post 3.01 EPS for the current year.

Halliburton Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Wednesday, December 4th will be given a $0.17 dividend. The ex-dividend date is Wednesday, December 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.14%. Halliburton’s payout ratio is 23.69%.

Halliburton Company 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.