Bartlett & CO. Wealth Management LLC Raises Holdings in Halliburton Company $HAL

Bartlett & CO. Wealth Management LLC raised its holdings in shares of Halliburton Company (NYSE:HAL) by 109.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,900 shares of the oilfield services company’s stock after purchasing an additional 993 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in Halliburton were worth $39,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. NBC Securities Inc. lifted its holdings in shares of Halliburton by 111,028.6% during the 1st quarter. NBC Securities Inc. now owns 7,779 shares of the oilfield services company’s stock valued at $197,000 after buying an additional 7,772 shares during the period. Merit Financial Group LLC lifted its holdings in shares of Halliburton by 206.8% during the 1st quarter. Merit Financial Group LLC now owns 44,440 shares of the oilfield services company’s stock valued at $1,127,000 after buying an additional 29,953 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Halliburton by 34.0% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 13,998 shares of the oilfield services company’s stock valued at $355,000 after buying an additional 3,555 shares during the period. Gateway Investment Advisers LLC lifted its holdings in shares of Halliburton by 10.9% during the 1st quarter. Gateway Investment Advisers LLC now owns 469,346 shares of the oilfield services company’s stock valued at $11,907,000 after buying an additional 45,961 shares during the period. Finally, Wesbanco Bank Inc. lifted its holdings in shares of Halliburton by 59.3% during the 1st quarter. Wesbanco Bank Inc. now owns 258,543 shares of the oilfield services company’s stock valued at $6,559,000 after buying an additional 96,236 shares during the period. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. UBS Group increased their price target on Halliburton from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Wednesday, August 20th. Weiss Ratings reissued a “hold (c-)” rating on shares of Halliburton in a report on Saturday, September 27th. Piper Sandler cut Halliburton from an “overweight” rating to a “neutral” rating and set a $25.00 price target on the stock. in a report on Monday, July 28th. Wells Fargo & Company decreased their target price on Halliburton from $28.00 to $26.00 and set an “overweight” rating on the stock in a report on Wednesday, July 23rd. Finally, Royal Bank Of Canada decreased their target price on Halliburton from $28.00 to $24.00 and set a “sector perform” rating on the stock in a report on Wednesday, July 23rd. Thirteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $31.37.

Halliburton Price Performance

NYSE:HAL opened at $24.31 on Friday. The company has a quick ratio of 1.47, a current ratio of 2.00 and a debt-to-equity ratio of 0.68. The business’s 50-day simple moving average is $22.42 and its two-hundred day simple moving average is $21.85. The stock has a market cap of $20.72 billion, a PE ratio of 11.36 and a beta of 1.02. Halliburton Company has a 52 week low of $18.72 and a 52 week high of $32.57.

Halliburton (NYSE:HAL) last posted its quarterly earnings results on Tuesday, July 22nd. The oilfield services company reported $0.55 EPS for the quarter, meeting analysts’ consensus estimates of $0.55. The business had revenue of $5.51 billion for the quarter, compared to analysts’ expectations of $5.43 billion. Halliburton had a return on equity of 21.45% and a net margin of 8.37%.The business’s quarterly revenue was down 5.5% on a year-over-year basis. During the same period last year, the firm earned $0.80 earnings per share. As a group, analysts forecast that Halliburton Company will post 2.64 EPS for the current fiscal year.

Halliburton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 3rd were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, September 3rd. This represents a $0.68 dividend on an annualized basis and a yield of 2.8%. Halliburton’s dividend payout ratio (DPR) is currently 31.78%.

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.