MGO One Seven LLC Raises Stock Position in Halliburton Company $HAL

MGO One Seven LLC boosted its stake in shares of Halliburton Company (NYSE:HAL) by 38.8% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 21,094 shares of the oilfield services company’s stock after acquiring an additional 5,897 shares during the period. MGO One Seven LLC’s holdings in Halliburton were worth $430,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of HAL. GAMMA Investing LLC raised its position in shares of Halliburton by 33.6% during the 1st quarter. GAMMA Investing LLC now owns 11,619 shares of the oilfield services company’s stock worth $295,000 after purchasing an additional 2,925 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Halliburton by 33.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 159,533 shares of the oilfield services company’s stock worth $4,047,000 after buying an additional 40,109 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of Halliburton by 67.2% during the first quarter. Exchange Traded Concepts LLC now owns 27,374 shares of the oilfield services company’s stock valued at $694,000 after acquiring an additional 10,998 shares during the last quarter. Kingswood Wealth Advisors LLC purchased a new position in shares of Halliburton in the first quarter valued at approximately $286,000. Finally, State of Alaska Department of Revenue boosted its stake in shares of Halliburton by 1.5% in the first quarter. State of Alaska Department of Revenue now owns 101,694 shares of the oilfield services company’s stock worth $2,579,000 after acquiring an additional 1,535 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on HAL. Stifel Nicolaus decreased their price objective on Halliburton from $31.00 to $29.00 and set a “buy” rating on the stock in a report on Wednesday, July 23rd. Royal Bank Of Canada raised their price target on shares of Halliburton from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 9th. Weiss Ratings restated a “hold (c-)” rating on shares of Halliburton in a research report on Wednesday, October 8th. Wells Fargo & Company cut their price objective on shares of Halliburton from $28.00 to $26.00 and set an “overweight” rating for the company in a report on Wednesday, July 23rd. Finally, Melius Research assumed coverage on Halliburton in a report on Wednesday, August 20th. They set a “buy” rating and a $41.00 target price on the stock. Thirteen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Halliburton currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.61.

Halliburton Price Performance

Shares of HAL stock opened at $22.25 on Friday. 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 company has a market capitalization of $18.97 billion, a PE ratio of 10.40 and a beta of 1.02. The firm’s 50-day moving average is $22.63 and its two-hundred day moving average is $21.66. Halliburton Company has a 12 month low of $18.72 and a 12 month high of $32.57.

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

Halliburton Dividend Announcement

The firm 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. The ex-dividend date was Wednesday, September 3rd. This represents a $0.68 dividend on an annualized basis and a dividend 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.