Aptus Capital Advisors LLC Boosts Holdings in Halliburton (NYSE:HAL)

Aptus Capital Advisors LLC raised its position in shares of Halliburton (NYSE:HAL) by 58.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,622 shares of the oilfield services company’s stock after purchasing an additional 3,540 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Halliburton were worth $280,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in HAL. First Horizon Advisors Inc. increased its position in Halliburton by 2.1% during the second quarter. First Horizon Advisors Inc. now owns 14,027 shares of the oilfield services company’s stock valued at $474,000 after acquiring an additional 295 shares during the last quarter. Beacon Capital Management LLC increased its holdings in Halliburton by 28.8% in the 1st 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 during the period. Guinness Atkinson Asset Management Inc increased its holdings in Halliburton by 3.1% in the 2nd quarter. Guinness Atkinson Asset Management Inc now owns 10,847 shares of the oilfield services company’s stock worth $366,000 after buying an additional 330 shares during the period. Moody National Bank Trust Division grew its stake in shares of Halliburton by 2.9% during the 2nd quarter. Moody National Bank Trust Division now owns 11,842 shares of the oilfield services company’s stock worth $400,000 after purchasing an additional 336 shares during the period. Finally, Northwest Bank & Trust Co lifted its position in shares of Halliburton by 3.2% during the 3rd quarter. Northwest Bank & Trust Co now owns 12,979 shares of the oilfield services company’s stock valued at $377,000 after buying an additional 397 shares in the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Halliburton Stock Performance

Shares of NYSE:HAL opened at $29.69 on Friday. The company has a market cap of $26.08 billion, a P/E ratio of 10.34, a PEG ratio of 3.70 and a beta of 1.89. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.62 and a current ratio of 2.21. Halliburton has a one year low of $27.26 and a one year high of $41.56. The business’s 50-day simple moving average is $29.14 and its 200 day simple moving average is $32.23.

Halliburton (NYSE:HAL) last announced its earnings results on Thursday, November 7th. The oilfield services company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.02). Halliburton had a net margin of 11.04% and a return on equity of 28.33%. The company had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.83 billion. During the same quarter in the previous year, the business posted $0.79 earnings per share. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. On average, sell-side analysts forecast that Halliburton will post 3.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on HAL shares. The Goldman Sachs Group decreased their price objective on Halliburton from $47.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Benchmark reissued a “buy” rating and set a $40.00 price objective on shares of Halliburton in a research report on Friday, November 8th. Royal Bank of Canada lowered shares of Halliburton from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from $44.00 to $37.00 in a research note on Friday, September 13th. TD Cowen cut their target price on shares of Halliburton from $47.00 to $45.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Finally, Dbs Bank started coverage on Halliburton in a report on Wednesday, September 18th. They issued a “buy” rating and a $45.00 price target for the company. Four analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Halliburton presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.79.

About Halliburton

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.