Halliburton Company (NYSE:HAL) Shares Purchased by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. raised its stake in shares of Halliburton Company (NYSE:HAL) by 27.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 48,993 shares of the oilfield services company’s stock after buying an additional 10,507 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Halliburton were worth $1,243,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of HAL. Mascagni Wealth Management Inc. acquired a new stake in Halliburton during the 4th quarter valued at $28,000. Hexagon Capital Partners LLC boosted its holdings in shares of Halliburton by 87.4% during the first quarter. Hexagon Capital Partners LLC now owns 1,407 shares of the oilfield services company’s stock worth $36,000 after purchasing an additional 656 shares during the last quarter. Vermillion Wealth Management Inc. acquired a new stake in shares of Halliburton during the fourth quarter worth $39,000. Versant Capital Management Inc boosted its holdings in shares of Halliburton by 830.5% during the first quarter. Versant Capital Management Inc now owns 2,047 shares of the oilfield services company’s stock worth $52,000 after purchasing an additional 1,827 shares during the last quarter. Finally, Wayfinding Financial LLC acquired a new stake in shares of Halliburton during the first quarter worth $57,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. UBS Group decreased their price objective on Halliburton from $21.00 to $20.00 and set a “neutral” rating on the stock in a report on Wednesday, July 23rd. Susquehanna decreased their price objective on Halliburton from $30.00 to $27.00 and set a “positive” rating on the stock in a report on Wednesday, July 23rd. Wells Fargo & Company decreased their price objective on Halliburton from $28.00 to $26.00 and set an “overweight” rating on the stock in a report on Wednesday, July 23rd. The Goldman Sachs Group decreased their price objective on Halliburton from $27.00 to $24.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. Finally, Hsbc Global Res upgraded Halliburton to a “hold” rating in a report on Wednesday, April 23rd. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, Halliburton currently has an average rating of “Moderate Buy” and an average price target of $31.00.

Halliburton Trading Down 3.8%

NYSE:HAL opened at $21.54 on Friday. The business’s 50-day moving average is $21.45 and its two-hundred day moving average is $23.07. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.00 and a quick ratio of 1.47. Halliburton Company has a 12 month low of $18.72 and a 12 month high of $32.81. The firm has a market capitalization of $18.37 billion, a PE ratio of 10.07, a price-to-earnings-growth ratio of 3.88 and a beta of 1.12.

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

Halliburton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Wednesday, June 4th. Halliburton’s payout ratio is presently 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.