Halliburton (NYSE:HAL) Stake Boosted by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC raised its position in shares of Halliburton (NYSE:HAL) by 8.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 8,795 shares of the oilfield services company’s stock after buying an additional 717 shares during the period. OneDigital Investment Advisors LLC’s holdings in Halliburton were worth $255,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in HAL. Pacer Advisors Inc. lifted its position in shares of Halliburton by 17,317.6% in the 2nd quarter. Pacer Advisors Inc. now owns 13,631,188 shares of the oilfield services company’s stock valued at $460,462,000 after acquiring an additional 13,552,927 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Halliburton by 20.0% in the second quarter. Dimensional Fund Advisors LP now owns 10,087,115 shares of the oilfield services company’s stock valued at $340,752,000 after purchasing an additional 1,681,620 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Halliburton by 1.2% in the second quarter. Bank of New York Mellon Corp now owns 7,342,857 shares of the oilfield services company’s stock worth $248,042,000 after buying an additional 83,894 shares during the period. Thrivent Financial for Lutherans grew its holdings in shares of Halliburton by 11.5% during the second quarter. Thrivent Financial for Lutherans now owns 4,524,734 shares of the oilfield services company’s stock valued at $152,846,000 after buying an additional 465,339 shares in the last quarter. Finally, Brandes Investment Partners LP raised its position in Halliburton by 15.1% during the second quarter. Brandes Investment Partners LP now owns 4,279,478 shares of the oilfield services company’s stock valued at $144,516,000 after buying an additional 560,325 shares during the period. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on HAL shares. UBS Group lowered their target price on Halliburton from $41.00 to $37.00 and set a “buy” rating on the stock in a research note on Wednesday, September 18th. Stifel Nicolaus dropped their price objective on shares of Halliburton from $45.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. Morgan Stanley decreased their target price on shares of Halliburton from $35.00 to $34.00 and set an “overweight” rating for the company in a research note on Monday, November 18th. Susquehanna dropped their price target on shares of Halliburton from $42.00 to $40.00 and set a “positive” rating on the stock in a research note on Friday, November 8th. Finally, The Goldman Sachs Group reduced their price objective on Halliburton from $47.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Four analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $40.74.

Halliburton Stock Performance

Shares of HAL opened at $31.94 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.21 and a quick ratio of 1.62. Halliburton has a one year low of $27.26 and a one year high of $41.56. The company’s fifty day moving average price is $29.45 and its 200 day moving average price is $32.04. The company has a market capitalization of $28.06 billion, a PE ratio of 11.13, a price-to-earnings-growth ratio of 3.75 and a beta of 1.89.

Halliburton (NYSE:HAL) last posted its quarterly earnings data on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.02). The business had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.83 billion. Halliburton had a return on equity of 28.33% and a net margin of 11.04%. Halliburton’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.79 EPS. As a group, analysts expect that Halliburton will post 3.01 earnings per share for the current year.

Halliburton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Wednesday, December 4th will be paid a $0.17 dividend. The ex-dividend date is Wednesday, December 4th. This represents a $0.68 annualized dividend and a dividend yield of 2.13%. Halliburton’s payout ratio is 23.69%.

Halliburton Company 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.