Halliburton (NYSE:HAL) Stock Holdings Trimmed by Energy Opportunities Capital Management LLC

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Energy Opportunities Capital Management LLC cut its holdings in shares of Halliburton (NYSE:HAL) by 1.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 106,374 shares of the oilfield services company’s stock after selling 1,557 shares during the period. Halliburton makes up about 5.8% of Energy Opportunities Capital Management LLC’s portfolio, making the stock its largest holding. Energy Opportunities Capital Management LLC’s holdings in Halliburton were worth $2,005,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Golden State Wealth Management LLC grew its position in shares of Halliburton by 96.9% during the 3rd quarter. Golden State Wealth Management LLC now owns 1,353 shares of the oilfield services company’s stock valued at $26,000 after acquiring an additional 666 shares during the period. Meridian Wealth Management LLC acquired a new stake in Halliburton in the 2nd quarter worth about $32,000. Prestige Wealth Management Group LLC acquired a new stake in Halliburton in the 2nd quarter worth about $34,000. Meeder Asset Management Inc. boosted its holdings in Halliburton by 179.8% in the 3rd quarter. Meeder Asset Management Inc. now owns 1,796 shares of the oilfield services company’s stock worth $34,000 after buying an additional 1,154 shares during the last quarter. Finally, Mizuho Securities Co. Ltd. acquired a new stake in Halliburton in the 2nd quarter worth about $45,000. Hedge funds and other institutional investors own 77.84% of the company’s stock.

Several equities research analysts recently issued reports on HAL shares. Argus cut Halliburton from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Cowen lowered their target price on Halliburton from $28.00 to $27.00 and set an “outperform” rating on the stock in a report on Tuesday, October 22nd. Royal Bank of Canada lowered their target price on Halliburton from $28.00 to $23.00 and set an “outperform” rating on the stock in a report on Tuesday, October 22nd. ValuEngine upgraded Halliburton from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Zacks Investment Research cut Halliburton from a “hold” rating to a “strong sell” rating and set a $23.00 target price on the stock. in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and sixteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $30.61.

Shares of NYSE:HAL traded up $0.68 during trading on Wednesday, hitting $21.47. The company’s stock had a trading volume of 12,903,600 shares, compared to its average volume of 11,832,495. The business has a 50 day moving average price of $20.32 and a two-hundred day moving average price of $20.89. The company has a market capitalization of $18.43 billion, a PE ratio of 11.30, a P/E/G ratio of 3.94 and a beta of 1.49. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.67 and a current ratio of 2.39. Halliburton has a fifty-two week low of $16.97 and a fifty-two week high of $32.71.

Halliburton (NYSE:HAL) last posted its quarterly earnings results on Monday, October 21st. The oilfield services company reported $0.34 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.34. The business had revenue of $5.55 billion during the quarter, compared to the consensus estimate of $5.82 billion. Halliburton had a net margin of 5.12% and a return on equity of 12.03%. The company’s quarterly revenue was down 10.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.50 earnings per share. As a group, equities analysts expect that Halliburton will post 1.22 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Thursday, December 5th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $0.72 annualized dividend and a dividend yield of 3.35%. Halliburton’s dividend payout ratio (DPR) is 37.89%.

In other Halliburton news, Director William E. Albrecht purchased 8,000 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was acquired at an average price of $19.35 per share, for a total transaction of $154,800.00. Following the completion of the purchase, the director now directly owns 16,000 shares in the company, valued at approximately $309,600. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.61% of the company’s stock.

About Halliburton

Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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