Central Valley Advisors LLC Grows Stock Holdings in Halliburton (NYSE:HAL)

Central Valley Advisors LLC lifted its position in Halliburton (NYSE:HAL) by 8.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 48,938 shares of the oilfield services company’s stock after buying an additional 3,924 shares during the quarter. Central Valley Advisors LLC’s holdings in Halliburton were worth $1,422,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its stake in shares of Halliburton by 46.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 61,090,055 shares of the oilfield services company’s stock valued at $2,408,171,000 after purchasing an additional 19,237,784 shares during the period. Pacer Advisors Inc. increased its position in shares of Halliburton by 17,317.6% during the second quarter. Pacer Advisors Inc. now owns 13,631,188 shares of the oilfield services company’s stock worth $460,462,000 after acquiring an additional 13,552,927 shares during the period. LSV Asset Management raised its position in Halliburton by 24,954.1% in the 2nd quarter. LSV Asset Management now owns 2,730,900 shares of the oilfield services company’s stock valued at $92,250,000 after purchasing an additional 2,720,000 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Halliburton by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 100,274,105 shares of the oilfield services company’s stock valued at $3,952,805,000 after buying an additional 2,618,740 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Halliburton by 20.0% during the second quarter. Dimensional Fund Advisors LP now owns 10,087,115 shares of the oilfield services company’s stock worth $340,752,000 after buying an additional 1,681,620 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on HAL shares. UBS Group lowered their price target on shares of Halliburton from $41.00 to $37.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. Jefferies Financial Group decreased their price target on Halliburton from $47.00 to $46.00 and set a “buy” rating for the company in a report on Tuesday, September 24th. Citigroup dropped their price objective on Halliburton from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, June 28th. JPMorgan Chase & Co. dropped their price objective on shares of Halliburton from $45.00 to $40.00 and set an “overweight” rating on the stock in a research note on Monday, July 22nd. Finally, StockNews.com downgraded Halliburton from a “buy” rating to a “hold” rating in a research note on Wednesday, July 3rd. Three equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Halliburton currently has an average rating of “Moderate Buy” and a consensus price target of $42.56.

Insider Buying and Selling

In other Halliburton news, EVP Van H. Beckwith sold 10,000 shares of Halliburton stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $36.75, for a total value of $367,500.00. Following the transaction, the executive vice president now owns 273,908 shares in the company, valued at $10,066,119. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.61% of the stock is currently owned by company insiders.

Halliburton Trading Up 1.2 %

Shares of Halliburton stock traded up $0.36 during trading hours on Friday, reaching $31.09. 9,168,279 shares of the company’s stock were exchanged, compared to its average volume of 7,918,460. The firm has a market capitalization of $27.52 billion, a price-to-earnings ratio of 10.76, a price-to-earnings-growth ratio of 1.02 and a beta of 1.89. The company has a current ratio of 2.13, a quick ratio of 1.54 and a debt-to-equity ratio of 0.76. Halliburton has a 52-week low of $27.52 and a 52-week high of $43.85. The company has a fifty day moving average of $30.46 and a 200-day moving average of $34.35.

Halliburton (NYSE:HAL) last released its earnings results on Friday, July 19th. The oilfield services company reported $0.80 earnings per share for the quarter, hitting the consensus estimate of $0.80. Halliburton had a return on equity of 29.97% and a net margin of 11.61%. The firm had revenue of $5.83 billion for the quarter, compared to the consensus estimate of $5.95 billion. During the same period in the prior year, the business posted $0.77 earnings per share. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. Sell-side analysts forecast that Halliburton will post 3.14 EPS for the current fiscal year.

Halliburton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th were issued a $0.17 dividend. The ex-dividend date was Wednesday, September 4th. This represents a $0.68 dividend on an annualized basis and a yield of 2.19%. Halliburton’s payout ratio is 23.53%.

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.