Halliburton Company $HAL Shares Acquired by Cerro Pacific Wealth Advisors LLC

Cerro Pacific Wealth Advisors LLC raised its holdings in shares of Halliburton Company (NYSE:HAL) by 4.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,590 shares of the oilfield services company’s stock after acquiring an additional 559 shares during the quarter. Cerro Pacific Wealth Advisors LLC’s holdings in Halliburton were worth $277,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in HAL. Stone House Investment Management LLC acquired a new position in shares of Halliburton during the 1st quarter worth about $30,000. Hexagon Capital Partners LLC boosted its position in shares of Halliburton by 87.4% during the 1st quarter. Hexagon Capital Partners LLC now owns 1,407 shares of the oilfield services company’s stock worth $36,000 after acquiring an additional 656 shares in the last quarter. Zions Bancorporation National Association UT acquired a new position in shares of Halliburton during the 1st quarter worth about $37,000. Bartlett & CO. Wealth Management LLC boosted its position in shares of Halliburton by 109.5% during the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 1,900 shares of the oilfield services company’s stock worth $39,000 after acquiring an additional 993 shares in the last quarter. Finally, McIlrath & Eck LLC boosted its position in shares of Halliburton by 756.2% during the 1st quarter. McIlrath & Eck LLC now owns 2,132 shares of the oilfield services company’s stock worth $54,000 after acquiring an additional 1,883 shares in the last quarter. 85.23% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Piper Sandler cut Halliburton from an “overweight” rating to a “neutral” rating and set a $25.00 target price for the company. in a research report on Monday, July 28th. Melius assumed coverage on Halliburton in a research report on Wednesday, August 20th. They issued a “buy” rating and a $41.00 target price for the company. Melius Research assumed coverage on Halliburton in a research report on Wednesday, August 20th. They issued a “buy” rating and a $41.00 target price for the company. Stifel Nicolaus decreased their target price on Halliburton from $31.00 to $29.00 and set a “buy” rating for the company in a research report on Wednesday, July 23rd. Finally, UBS Group upped their target price on Halliburton from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Monday, October 6th. Fourteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $30.95.

Halliburton Stock Down 6.0%

HAL opened at $22.01 on Friday. The business has a 50 day moving average price of $22.53 and a two-hundred day moving average price of $21.77. 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 company has a market cap of $18.76 billion, a PE ratio of 10.28 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 data on Tuesday, July 22nd. The oilfield services company reported $0.55 EPS for the quarter, meeting the consensus estimate of $0.55. The firm had revenue of $5.51 billion during the quarter, compared to the consensus estimate of $5.43 billion. Halliburton had a return on equity of 21.45% and a net margin of 8.37%.The firm’s revenue was down 5.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.80 EPS. As a group, research analysts anticipate that Halliburton Company will post 2.64 EPS for the current year.

Halliburton Dividend Announcement

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