Angeles Wealth Management LLC Acquires 1,844 Shares of Halliburton Company $HAL

Angeles Wealth Management LLC increased its holdings in shares of Halliburton Company (NYSE:HAL) by 20.3% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 10,928 shares of the oilfield services company’s stock after purchasing an additional 1,844 shares during the period. Angeles Wealth Management LLC’s holdings in Halliburton were worth $223,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Applied Finance Capital Management LLC grew its holdings in Halliburton by 5.3% during the second quarter. Applied Finance Capital Management LLC now owns 22,847 shares of the oilfield services company’s stock worth $466,000 after purchasing an additional 1,146 shares during the period. Nordea Investment Management AB lifted its position in Halliburton by 7.5% during the second quarter. Nordea Investment Management AB now owns 539,079 shares of the oilfield services company’s stock worth $11,132,000 after acquiring an additional 37,512 shares during the last quarter. Mutual Advisors LLC acquired a new stake in Halliburton during the second quarter worth approximately $375,000. Generali Asset Management SPA SGR lifted its position in Halliburton by 9.8% during the second quarter. Generali Asset Management SPA SGR now owns 214,400 shares of the oilfield services company’s stock worth $4,369,000 after acquiring an additional 19,096 shares during the last quarter. Finally, Bayforest Capital Ltd lifted its position in Halliburton by 11.8% during the second quarter. Bayforest Capital Ltd now owns 7,514 shares of the oilfield services company’s stock worth $153,000 after acquiring an additional 793 shares during the last quarter. Institutional investors own 85.23% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. The Goldman Sachs Group raised their price objective on shares of Halliburton from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, October 7th. Zephirin Group raised their price objective on shares of Halliburton from $27.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Royal Bank Of Canada raised their price objective on shares of Halliburton from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 9th. Melius Research assumed coverage on shares of Halliburton in a research report on Wednesday, August 20th. They set a “buy” rating and a $41.00 price objective for the company. Finally, Stifel Nicolaus cut their price objective on shares of Halliburton from $31.00 to $29.00 and set a “buy” rating for the company in a research report on Wednesday, July 23rd. Thirteen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $30.61.

Halliburton Price Performance

Shares of NYSE HAL opened at $22.25 on Friday. The stock has a market capitalization of $18.97 billion, a PE ratio of 10.40 and a beta of 1.02. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.00 and a quick ratio of 1.47. The business has a fifty day moving average price of $22.63 and a two-hundred day moving average price of $21.66. Halliburton Company has a fifty-two week low of $18.72 and a fifty-two week high of $32.57.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Tuesday, July 22nd. The oilfield services company reported $0.55 earnings per share for the quarter, meeting the consensus estimate of $0.55. The firm had revenue of $5.51 billion during 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 company’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.80 EPS. As a group, equities analysts predict that Halliburton Company will post 2.64 earnings per share for the current fiscal year.

Halliburton Announces Dividend

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