Orion Portfolio Solutions LLC Takes $86,000 Position in Halliburton (NYSE:HAL)
Orion Portfolio Solutions LLC acquired a new stake in shares of Halliburton (NYSE:HAL) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 3,529 shares of the oilfield services company’s stock, valued at approximately $86,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Scopus Asset Management L.P. acquired a new position in Halliburton during the fourth quarter valued at $7,729,000. First Republic Investment Management Inc. grew its position in Halliburton by 2.1% during the 4th quarter. First Republic Investment Management Inc. now owns 48,568 shares of the oilfield services company’s stock worth $1,188,000 after purchasing an additional 980 shares during the period. UBS Asset Management Americas Inc. grew its position in Halliburton by 1.9% during the 4th quarter. UBS Asset Management Americas Inc. now owns 3,679,972 shares of the oilfield services company’s stock worth $90,049,000 after purchasing an additional 68,436 shares during the period. Marshall Wace LLP purchased a new position in shares of Halliburton during the 4th quarter valued at about $1,517,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Halliburton by 3.3% in the 4th quarter. Bank of New York Mellon Corp now owns 7,028,934 shares of the oilfield services company’s stock valued at $171,998,000 after buying an additional 223,108 shares during the period. Institutional investors and hedge funds own 80.36% of the company’s stock.
Several analysts recently commented on HAL shares. BMO Capital Markets cut Halliburton from an “outperform” rating to a “market perform” rating and set a $23.00 price target for the company. in a research report on Wednesday, December 18th. Stifel Nicolaus raised their price target on Halliburton from $26.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Royal Bank of Canada reiterated a “buy” rating and issued a $12.00 price objective on shares of Halliburton in a research report on Wednesday, March 18th. TheStreet downgraded shares of Halliburton from a “c-” rating to a “d+” rating in a report on Wednesday, March 11th. Finally, Stephens lowered shares of Halliburton to a “hold” rating and set a $6.00 price target on the stock. in a research report on Friday, March 20th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Halliburton has an average rating of “Hold” and an average price target of $19.94.
Halliburton stock traded up $0.28 during midday trading on Thursday, reaching $7.05. The stock had a trading volume of 32,863,728 shares, compared to its average volume of 21,177,922. Halliburton has a twelve month low of $4.25 and a twelve month high of $32.30. The stock has a market capitalization of $5.83 billion, a PE ratio of -5.51, a price-to-earnings-growth ratio of 0.80 and a beta of 1.67. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.65 and a current ratio of 2.30. The stock’s 50-day simple moving average is $15.34 and its 200 day simple moving average is $19.95.
Halliburton (NYSE:HAL) last issued its earnings results on Tuesday, January 21st. The oilfield services company reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.03. The business had revenue of $5.19 billion during the quarter, compared to analysts’ expectations of $5.15 billion. Halliburton had a positive return on equity of 11.74% and a negative net margin of 5.05%. The company’s revenue for the quarter was down 12.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.41 EPS. Equities analysts predict that Halliburton will post 0.8 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 4th were given a dividend of $0.18 per share. The ex-dividend date was Tuesday, March 3rd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 10.21%. Halliburton’s payout ratio is currently 58.06%.
Halliburton Company Profile
Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.
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