Halliburton Company $HAL Shares Acquired by Great Lakes Retirement Inc.

Great Lakes Retirement Inc. grew its stake in Halliburton Company (NYSE:HAL) by 18.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,653 shares of the oilfield services company’s stock after acquiring an additional 4,786 shares during the quarter. Great Lakes Retirement Inc.’s holdings in Halliburton were worth $625,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Earned Wealth Advisors LLC acquired a new position in Halliburton in the 2nd quarter valued at about $219,000. KLCM Advisors Inc. boosted its stake in shares of Halliburton by 85.6% in the 2nd quarter. KLCM Advisors Inc. now owns 703,989 shares of the oilfield services company’s stock valued at $14,347,000 after buying an additional 324,583 shares during the period. AdvisorShares Investments LLC boosted its stake in shares of Halliburton by 45.5% in the 2nd quarter. AdvisorShares Investments LLC now owns 23,054 shares of the oilfield services company’s stock valued at $470,000 after buying an additional 7,204 shares during the period. Heritage Investors Management Corp boosted its stake in shares of Halliburton by 113.0% in the 2nd quarter. Heritage Investors Management Corp now owns 180,425 shares of the oilfield services company’s stock valued at $3,677,000 after buying an additional 95,700 shares during the period. Finally, Atria Investments Inc boosted its stake in shares of Halliburton by 17.7% in the 2nd quarter. Atria Investments Inc now owns 33,746 shares of the oilfield services company’s stock valued at $688,000 after buying an additional 5,072 shares during the period. 85.23% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Susquehanna lifted their price objective on Halliburton from $27.00 to $29.00 and gave the company a “positive” rating in a research note on Wednesday, October 22nd. Zacks Research upgraded Halliburton from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 23rd. The Goldman Sachs Group boosted their target price on Halliburton from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Citigroup restated a “buy” rating on shares of Halliburton in a research note on Tuesday, October 14th. Finally, UBS Group boosted their target price on Halliburton from $23.00 to $24.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Halliburton presently has an average rating of “Moderate Buy” and a consensus target price of $31.40.

Halliburton Trading Down 0.4%

NYSE:HAL opened at $26.85 on Friday. The firm has a market cap of $22.59 billion, a P/E ratio of 17.78 and a beta of 1.02. The company has a current ratio of 1.95, a quick ratio of 1.43 and a debt-to-equity ratio of 0.70. The stock’s 50 day simple moving average is $23.64 and its 200-day simple moving average is $22.05. Halliburton Company has a 12-month low of $18.72 and a 12-month high of $32.57.

Halliburton (NYSE:HAL) last released its earnings results on Tuesday, October 21st. The oilfield services company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.08. The business had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.39 billion. Halliburton had a return on equity of 20.12% and a net margin of 5.91%.The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 earnings per share. Equities analysts anticipate that Halliburton Company will post 2.64 EPS for the current year.

Halliburton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Wednesday, September 3rd were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Wednesday, September 3rd. Halliburton’s dividend payout ratio is currently 45.03%.

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.