274,710 Shares in Halliburton (NYSE:HAL) Purchased by Sage Capital Advisors llc

Sage Capital Advisors llc purchased a new stake in Halliburton (NYSE:HAL) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 274,710 shares of the oilfield services company’s stock, valued at approximately $7,469,000. Halliburton makes up 1.9% of Sage Capital Advisors llc’s holdings, making the stock its 12th largest holding.

Other large investors have also recently added to or reduced their stakes in the company. Cary Street Partners Asset Management LLC grew its stake in shares of Halliburton by 56.5% during the third quarter. Cary Street Partners Asset Management LLC now owns 157,085 shares of the oilfield services company’s stock valued at $4,563,000 after purchasing an additional 56,707 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in Halliburton by 146.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 842,355 shares of the oilfield services company’s stock valued at $28,455,000 after buying an additional 500,000 shares during the last quarter. Mackenzie Financial Corp boosted its position in Halliburton by 105.2% in the 2nd quarter. Mackenzie Financial Corp now owns 186,961 shares of the oilfield services company’s stock valued at $6,316,000 after buying an additional 95,864 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of Halliburton by 23.1% in the 3rd quarter. Pacer Advisors Inc. now owns 16,782,174 shares of the oilfield services company’s stock valued at $487,522,000 after buying an additional 3,150,986 shares during the period. Finally, Quest Partners LLC raised its position in shares of Halliburton by 2,418.9% during the third quarter. Quest Partners LLC now owns 78,387 shares of the oilfield services company’s stock worth $2,277,000 after acquiring an additional 75,275 shares during the last quarter. 85.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on HAL shares. Morgan Stanley dropped their price target 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. Piper Sandler initiated coverage on shares of Halliburton in a research report on Thursday, December 19th. They set an “overweight” rating and a $36.00 target price for the company. Barclays restated an “equal weight” rating and issued a $33.00 price target (down from $43.00) on shares of Halliburton in a research report on Wednesday, December 18th. Jefferies Financial Group dropped their price objective on Halliburton from $43.00 to $41.00 and set a “buy” rating for the company in a report on Friday, January 3rd. Finally, Griffin Securities cut Halliburton from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $38.95.

Halliburton Stock Up 1.1 %

Shares of HAL stock traded up $0.31 on Friday, hitting $27.34. 6,625,396 shares of the stock were exchanged, compared to its average volume of 8,363,591. The company has a current ratio of 2.21, a quick ratio of 1.62 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $24.02 billion, a P/E ratio of 9.53, a price-to-earnings-growth ratio of 3.55 and a beta of 1.91. Halliburton has a fifty-two week low of $25.51 and a fifty-two week high of $41.56. The business has a 50-day moving average of $28.99 and a 200 day moving average of $30.38.

Halliburton (NYSE:HAL) last announced its quarterly earnings results on Thursday, November 7th. The oilfield services company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.02). Halliburton had a net margin of 11.04% and a return on equity of 28.33%. The firm had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.83 billion. During the same quarter in the prior year, the business earned $0.79 EPS. The business’s revenue was down 1.8% compared to the same quarter last year. Equities analysts anticipate that Halliburton will post 3 EPS for the current year.

Halliburton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 26th. Shareholders of record on Wednesday, December 4th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend was Wednesday, December 4th. 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.