Eukles Asset Management Boosts Stake in Halliburton (NYSE:HAL)

Eukles Asset Management boosted its holdings in shares of Halliburton (NYSE:HAL) by 6.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,296 shares of the oilfield services company’s stock after acquiring an additional 713 shares during the period. Eukles Asset Management’s holdings in Halliburton were worth $334,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Modus Advisors LLC purchased a new stake in shares of Halliburton in the fourth quarter valued at approximately $38,000. Continuum Advisory LLC increased its stake in shares of Halliburton by 101.2% in the 3rd quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company’s stock worth $42,000 after acquiring an additional 698 shares during the last quarter. ORG Wealth Partners LLC purchased a new position in shares of Halliburton during the 3rd quarter worth $44,000. Venturi Wealth Management LLC boosted its position in shares of Halliburton by 34.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock valued at $47,000 after acquiring an additional 412 shares during the last quarter. Finally, Brown Brothers Harriman & Co. grew its holdings in shares of Halliburton by 28.8% in the third quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company’s stock valued at $51,000 after purchasing an additional 393 shares during the period. Institutional investors and hedge funds own 85.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on HAL. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $34.00 target price on shares of Halliburton in a research note on Thursday, January 23rd. Evercore ISI decreased their price objective on Halliburton from $43.00 to $35.00 and set an “outperform” rating on the stock in a report on Wednesday, January 15th. Susquehanna lowered their price objective on Halliburton from $42.00 to $40.00 and set a “positive” rating for the company in a research report on Friday, November 8th. UBS Group lowered Halliburton from a “buy” rating to a “neutral” rating and decreased their price target for the company from $36.00 to $34.00 in a research note on Monday, December 9th. Finally, Barclays cut their price objective on Halliburton from $32.00 to $30.00 and set an “equal weight” rating for the company in a research report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $37.42.

Halliburton Trading Down 1.2 %

NYSE HAL opened at $25.17 on Monday. Halliburton has a 52 week low of $25.16 and a 52 week high of $41.56. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05. The stock’s 50 day moving average price is $27.74 and its two-hundred day moving average price is $29.38. The stock has a market capitalization of $22.11 billion, a price-to-earnings ratio of 8.89, a PEG ratio of 3.53 and a beta of 1.89.

Halliburton (NYSE:HAL) last released its earnings results on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.02). The business had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.83 billion. Halliburton had a net margin of 10.90% and a return on equity of 26.03%. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period last year, the business posted $0.79 EPS. As a group, analysts anticipate that Halliburton will post 2.67 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The business also recently declared 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 dividend yield of 2.70%. The ex-dividend date was Wednesday, December 4th. Halliburton’s dividend payout ratio (DPR) is 24.03%.

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.