16,227 Shares in Halliburton Company $HAL Purchased by Narwhal Capital Management

Narwhal Capital Management bought a new position in shares of Halliburton Company (NYSE:HAL) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 16,227 shares of the oilfield services company’s stock, valued at approximately $331,000.

Other institutional investors have also added to or reduced their stakes in the company. Stone House Investment Management LLC acquired a new stake in Halliburton during the first quarter worth about $30,000. Hexagon Capital Partners LLC lifted its stake in 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 period. Zions Bancorporation National Association UT bought a new position in Halliburton during the first quarter worth about $37,000. Bartlett & CO. Wealth Management LLC lifted its stake in Halliburton by 109.5% during the second quarter. Bartlett & CO. Wealth Management LLC now owns 1,900 shares of the oilfield services company’s stock worth $39,000 after purchasing an additional 993 shares during the period. Finally, McIlrath & Eck LLC lifted its stake in Halliburton by 756.2% during the first quarter. McIlrath & Eck LLC now owns 2,132 shares of the oilfield services company’s stock worth $54,000 after purchasing an additional 1,883 shares during the period. 85.23% of the stock is owned by institutional investors and hedge funds.

Halliburton Stock Performance

Shares of Halliburton stock opened at $23.93 on Thursday. 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 firm has a market cap of $20.40 billion, a P/E ratio of 11.18 and a beta of 1.02. The firm has a 50 day simple moving average of $22.50 and a 200 day simple moving average of $21.83. Halliburton Company has a fifty-two week low of $18.72 and a fifty-two week high of $32.57.

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

Halliburton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Wednesday, September 3rd were issued a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, September 3rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.8%. Halliburton’s dividend payout ratio (DPR) is currently 31.78%.

Analysts Set New Price Targets

A number of brokerages have commented on HAL. Melius began coverage on shares of Halliburton in a research note on Wednesday, August 20th. They set a “buy” rating and a $41.00 price target for the company. Melius Research began coverage on shares of Halliburton in a research note on Wednesday, August 20th. They set a “buy” rating and a $41.00 price target for the company. Royal Bank Of Canada cut their price target on shares of Halliburton from $28.00 to $24.00 and set a “sector perform” rating for the company in a research note on Wednesday, July 23rd. Weiss Ratings restated a “hold (c-)” rating on shares of Halliburton in a research note on Wednesday. Finally, Zephirin Group lifted their target price on shares of Halliburton from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Fourteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $31.30.

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.