JFS Wealth Advisors LLC Purchases 4,616 Shares of Halliburton Company $HAL

JFS Wealth Advisors LLC lifted its position in Halliburton Company (NYSE:HAL) by 2,273.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,819 shares of the oilfield services company’s stock after buying an additional 4,616 shares during the quarter. JFS Wealth Advisors LLC’s holdings in Halliburton were worth $98,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in shares of Halliburton by 33.6% during the first quarter. GAMMA Investing LLC now owns 11,619 shares of the oilfield services company’s stock worth $295,000 after buying an additional 2,925 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Halliburton by 36.5% during the first quarter. Assenagon Asset Management S.A. now owns 715,212 shares of the oilfield services company’s stock worth $18,145,000 after buying an additional 191,381 shares in the last quarter. CX Institutional lifted its holdings in shares of Halliburton by 76.9% during the first quarter. CX Institutional now owns 9,960 shares of the oilfield services company’s stock worth $253,000 after buying an additional 4,330 shares in the last quarter. NorthCrest Asset Manangement LLC lifted its holdings in shares of Halliburton by 29.9% during the first quarter. NorthCrest Asset Manangement LLC now owns 28,288 shares of the oilfield services company’s stock worth $718,000 after buying an additional 6,514 shares in the last quarter. Finally, Everhart Financial Group Inc. lifted its holdings in shares of Halliburton by 72.3% during the first quarter. Everhart Financial Group Inc. now owns 13,660 shares of the oilfield services company’s stock worth $347,000 after buying an additional 5,734 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. UBS Group lifted their target price on Halliburton from $21.00 to $23.00 and gave the stock a “neutral” rating in a report on Monday, October 6th. Melius assumed coverage on Halliburton in a research note on Wednesday, August 20th. They issued a “buy” rating and a $41.00 price target for the company. Susquehanna dropped their price target on Halliburton from $30.00 to $27.00 and set a “positive” rating for the company in a research note on Wednesday, July 23rd. Barclays dropped their price target on Halliburton from $26.00 to $22.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 23rd. Finally, Zephirin Group boosted their price target on Halliburton from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Fourteen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $30.95.

Halliburton Stock Performance

Halliburton stock opened at $22.01 on Friday. Halliburton Company has a 12-month low of $18.72 and a 12-month high of $32.57. 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 moving average price is $22.53 and its two-hundred day moving average price is $21.77. The stock has a market cap of $18.76 billion, a PE ratio of 10.28 and a beta of 1.02.

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

Halliburton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 3rd were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Wednesday, September 3rd. Halliburton’s payout ratio is 31.78%.

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.