Halliburton (NYSE:HAL) Stock Holdings Raised by Transamerica Financial Advisors Inc.

Transamerica Financial Advisors Inc. raised its stake in Halliburton (NYSE:HAL) by 60.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 4,407 shares of the oilfield services company’s stock after purchasing an additional 1,660 shares during the period. Transamerica Financial Advisors Inc.’s holdings in Halliburton were worth $129,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Country Trust Bank bought a new stake in shares of Halliburton in the 3rd quarter worth about $36,000. Bruce G. Allen Investments LLC increased its position in shares of Halliburton by 274.9% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 1,121 shares of the oilfield services company’s stock worth $38,000 after purchasing an additional 822 shares during the last quarter. ORG Wealth Partners LLC bought a new stake in shares of Halliburton in the 3rd quarter worth about $44,000. Venturi Wealth Management LLC increased its position in shares of Halliburton by 34.2% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock worth $47,000 after purchasing an additional 412 shares during the last quarter. Finally, Brown Brothers Harriman & Co. grew its position in shares of Halliburton by 28.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company’s stock valued at $51,000 after buying an additional 393 shares during the last quarter. Institutional investors own 85.23% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on HAL shares. Bank of America lowered their price objective on shares of Halliburton from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Raymond James lowered their price objective on shares of Halliburton from $41.00 to $37.00 and set a “strong-buy” rating for the company in a research report on Friday, November 8th. The Goldman Sachs Group lowered their price objective on shares of Halliburton from $47.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. UBS Group lowered their price objective on shares of Halliburton from $41.00 to $37.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. Finally, Barclays lowered their price objective on shares of Halliburton from $47.00 to $43.00 and set an “overweight” rating for the company in a research report on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Halliburton currently has an average rating of “Moderate Buy” and a consensus price target of $40.74.

Halliburton Stock Up 0.3 %

HAL stock opened at $31.89 on Thursday. Halliburton has a 12 month low of $27.26 and a 12 month high of $41.56. The firm has a market cap of $28.02 billion, a PE ratio of 11.11, a P/E/G ratio of 3.94 and a beta of 1.89. The firm has a 50 day simple moving average of $29.63 and a 200 day simple moving average of $31.89. 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 (NYSE:HAL) last released its earnings results on Thursday, November 7th. The oilfield services company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.02). Halliburton had a net margin of 11.04% and a return on equity of 28.33%. The business had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.83 billion. During the same period in the prior year, the company earned $0.79 earnings per share. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. Equities research analysts forecast that Halliburton will post 3.01 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

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

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.