Great Valley Advisor Group Inc. Buys 17,053 Shares of Halliburton (NYSE:HAL)

Great Valley Advisor Group Inc. raised its holdings in Halliburton (NYSE:HAL) by 21.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 97,311 shares of the oilfield services company’s stock after buying an additional 17,053 shares during the period. Great Valley Advisor Group Inc.’s holdings in Halliburton were worth $3,287,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Franklin Resources Inc. lifted its holdings in shares of Halliburton by 19.1% during the fourth quarter. Franklin Resources Inc. now owns 1,179,579 shares of the oilfield services company’s stock worth $42,642,000 after buying an additional 189,324 shares in the last quarter. Cerity Partners LLC boosted its holdings in Halliburton by 69.5% in the 4th quarter. Cerity Partners LLC now owns 206,692 shares of the oilfield services company’s stock valued at $7,472,000 after purchasing an additional 84,771 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Halliburton by 319.0% in the first quarter. EverSource Wealth Advisors LLC now owns 36,956 shares of the oilfield services company’s stock valued at $1,385,000 after buying an additional 28,137 shares in the last quarter. KLCM Advisors Inc. boosted its stake in shares of Halliburton by 6.9% in the fourth quarter. KLCM Advisors Inc. now owns 490,230 shares of the oilfield services company’s stock valued at $17,722,000 after buying an additional 31,534 shares during the period. Finally, Mediolanum International Funds Ltd acquired a new stake in shares of Halliburton during the 1st quarter worth $1,908,000. Institutional investors own 85.23% of the company’s stock.

Halliburton Stock Down 0.4 %

NYSE HAL traded down $0.12 during trading on Wednesday, hitting $30.97. 3,407,744 shares of the company traded hands, compared to its average volume of 7,497,973. The company has a market capitalization of $27.42 billion, a P/E ratio of 10.75, a PEG ratio of 1.12 and a beta of 1.93. The company has a current ratio of 2.13, a quick ratio of 1.54 and a debt-to-equity ratio of 0.76. The business has a fifty day simple moving average of $33.49 and a 200 day simple moving average of $35.84. Halliburton has a 12 month low of $30.31 and a 12 month high of $43.85.

Halliburton (NYSE:HAL) last released its quarterly earnings data on Friday, July 19th. The oilfield services company reported $0.80 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.80. The company had revenue of $5.83 billion for the quarter, compared to the consensus estimate of $5.95 billion. Halliburton had a return on equity of 29.97% and a net margin of 11.61%. The company’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the previous year, the business earned $0.77 earnings per share. As a group, sell-side analysts predict that Halliburton will post 3.18 EPS for the current year.

Halliburton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Wednesday, June 5th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date was Wednesday, June 5th. Halliburton’s dividend payout ratio is presently 23.53%.

Insider Activity at Halliburton

In other Halliburton news, EVP Van H. Beckwith sold 10,000 shares of the stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $36.75, for a total transaction of $367,500.00. Following the transaction, the executive vice president now directly owns 273,908 shares in the company, valued at approximately $10,066,119. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.61% of the stock is owned by insiders.

Analysts Set New Price Targets

HAL has been the subject of a number of recent analyst reports. The Goldman Sachs Group increased their target price on shares of Halliburton from $46.00 to $48.00 in a research report on Tuesday, April 23rd. Stifel Nicolaus decreased their target price on Halliburton from $47.00 to $46.00 and set a “buy” rating for the company in a research report on Tuesday, July 16th. Jefferies Financial Group reduced their price target on Halliburton from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, July 29th. Wells Fargo & Company cut their price target on shares of Halliburton from $50.00 to $49.00 and set an “overweight” rating for the company in a report on Monday, April 29th. Finally, Evercore ISI dropped their target price on shares of Halliburton from $52.00 to $48.00 and set an “outperform” rating for the company in a research report on Monday, July 22nd. Two equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $45.35.

Halliburton Profile

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.