AE Wealth Management LLC Has $316,000 Stake in Halliburton Company (NYSE:HAL)

AE Wealth Management LLC increased its stake in Halliburton Company (NYSE:HAL) by 5.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,469 shares of the oilfield services company’s stock after acquiring an additional 605 shares during the quarter. AE Wealth Management LLC’s holdings in Halliburton were worth $316,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Mascagni Wealth Management Inc. acquired a new stake in Halliburton in the fourth quarter worth $28,000. Hexagon Capital Partners LLC grew its stake in shares of Halliburton by 87.4% in the 1st quarter. Hexagon Capital Partners LLC now owns 1,407 shares of the oilfield services company’s stock valued at $36,000 after buying an additional 656 shares during the period. Vermillion Wealth Management Inc. acquired a new stake in shares of Halliburton in the 4th quarter valued at about $39,000. Versant Capital Management Inc increased its position in Halliburton by 830.5% in the 1st quarter. Versant Capital Management Inc now owns 2,047 shares of the oilfield services company’s stock valued at $52,000 after buying an additional 1,827 shares in the last quarter. Finally, Wayfinding Financial LLC acquired a new position in Halliburton during the 1st quarter worth approximately $57,000. Institutional investors own 85.23% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on HAL. Wells Fargo & Company reduced their price objective on Halliburton from $28.00 to $26.00 and set an “overweight” rating for the company in a research note on Wednesday, July 23rd. Barclays decreased their price target on shares of Halliburton from $26.00 to $22.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 23rd. Royal Bank Of Canada dropped their price objective on shares of Halliburton from $28.00 to $24.00 and set a “sector perform” rating on the stock in a research note on Wednesday, July 23rd. Morgan Stanley decreased their target price on shares of Halliburton from $34.00 to $28.00 and set an “overweight” rating for the company in a research report on Friday, May 16th. Finally, Piper Sandler lowered shares of Halliburton from an “overweight” rating to a “neutral” rating and set a $25.00 target price on the stock. in a report on Monday. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Halliburton has a consensus rating of “Moderate Buy” and an average target price of $31.00.

Halliburton Stock Performance

HAL stock opened at $22.46 on Thursday. 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 firm has a market cap of $19.15 billion, a PE ratio of 10.50, a P/E/G ratio of 3.99 and a beta of 1.13. The business has a 50 day moving average of $21.36 and a 200-day moving average of $23.15. Halliburton Company has a 12-month low of $18.72 and a 12-month high of $34.97.

Halliburton (NYSE:HAL) last posted its quarterly earnings data on Tuesday, July 22nd. The oilfield services company reported $0.55 earnings per share for the quarter, hitting the consensus estimate of $0.55. Halliburton had a return on equity of 21.45% and a net margin of 8.37%. The business 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 firm earned $0.80 earnings per share. The business’s revenue was down 5.5% on a year-over-year basis. As a group, sell-side analysts expect that Halliburton Company will post 2.64 earnings per share for the current year.

Halliburton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $0.68 dividend on an annualized basis and a yield of 3.03%. Halliburton’s dividend payout ratio (DPR) is presently 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.