Halliburton (NYSE:HAL) Position Boosted by Continuum Advisory LLC

Continuum Advisory LLC grew its stake in shares of Halliburton (NYSE:HAL) by 101.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,388 shares of the oilfield services company’s stock after buying an additional 698 shares during the quarter. Continuum Advisory LLC’s holdings in Halliburton were worth $42,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its position in shares of Halliburton by 17,317.6% during the 2nd quarter. Pacer Advisors Inc. now owns 13,631,188 shares of the oilfield services company’s stock valued at $460,462,000 after purchasing an additional 13,552,927 shares in the last quarter. LSV Asset Management boosted its position in shares of Halliburton by 24,954.1% in the second quarter. LSV Asset Management now owns 2,730,900 shares of the oilfield services company’s stock worth $92,250,000 after buying an additional 2,720,000 shares during the period. Thompson Siegel & Walmsley LLC acquired a new position in Halliburton in the 3rd quarter valued at approximately $55,132,000. Dimensional Fund Advisors LP increased its holdings in Halliburton by 20.0% in the second quarter. Dimensional Fund Advisors LP now owns 10,087,115 shares of the oilfield services company’s stock worth $340,752,000 after buying an additional 1,681,620 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its holdings in Halliburton by 22.0% during the third quarter. Thrivent Financial for Lutherans now owns 5,520,383 shares of the oilfield services company’s stock valued at $160,367,000 after buying an additional 995,649 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Halliburton Stock Down 1.1 %

Shares of HAL stock opened at $28.88 on Friday. 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 has a 12 month low of $27.26 and a 12 month high of $41.56. The stock has a market cap of $25.37 billion, a P/E ratio of 10.06, a P/E/G ratio of 3.56 and a beta of 1.90. The company has a 50 day simple moving average of $29.84 and a two-hundred day simple moving average of $31.42.

Halliburton (NYSE:HAL) last released its 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 firm had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.83 billion. During the same quarter in the previous year, the business posted $0.79 EPS. Halliburton’s revenue was down 1.8% on a year-over-year basis. On average, research analysts expect that Halliburton will post 3 earnings per share for the current year.

Halliburton Announces Dividend

The business also recently declared 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 is Wednesday, December 4th. This represents a $0.68 annualized dividend and a yield of 2.35%. Halliburton’s dividend payout ratio is currently 23.69%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Benchmark reaffirmed a “buy” rating and issued a $40.00 target price on shares of Halliburton in a report on Friday, November 8th. Jefferies Financial Group lowered their price objective on shares of Halliburton from $47.00 to $46.00 and set a “buy” rating for the company in a research report on Tuesday, September 24th. Stifel Nicolaus cut their price objective on shares of Halliburton from $45.00 to $42.00 and set a “buy” rating on the stock in a report on Friday, October 11th. Dbs Bank assumed coverage on shares of Halliburton in a report on Wednesday, September 18th. They issued a “buy” rating and a $45.00 price target for the company. Finally, Morgan Stanley reduced their target price 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. Five equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Halliburton has a consensus 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.