Halliburton (NYSE:HAL) Shares Purchased by GWM Advisors LLC

GWM Advisors LLC increased its holdings in shares of Halliburton (NYSE:HAL) by 34.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,995 shares of the oilfield services company’s stock after purchasing an additional 6,117 shares during the period. GWM Advisors LLC’s holdings in Halliburton were worth $546,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Geode Capital Management LLC raised its stake in Halliburton by 7.4% during the 4th quarter. Geode Capital Management LLC now owns 9,955,241 shares of the oilfield services company’s stock valued at $264,077,000 after buying an additional 683,635 shares during the last quarter. Investors Research Corp bought a new stake in shares of Halliburton during the 1st quarter valued at $65,000. Advisor Partners LLC grew its position in shares of Halliburton by 13.4% during the 1st quarter. Advisor Partners LLC now owns 22,331 shares of the oilfield services company’s stock valued at $654,000 after acquiring an additional 2,634 shares during the period. Mercer Global Advisors Inc. ADV bought a new stake in shares of Halliburton during the 1st quarter valued at $824,000. Finally, Enterprise Bank & Trust Co bought a new stake in shares of Halliburton during the 1st quarter valued at $349,000. Hedge funds and other institutional investors own 79.03% of the company’s stock.

HAL opened at $18.28 on Friday. The firm has a 50-day simple moving average of $21.47 and a two-hundred day simple moving average of $25.91. Halliburton has a 52 week low of $17.46 and a 52 week high of $42.57. The company has a market capitalization of $16.70 billion, a PE ratio of 9.62, a price-to-earnings-growth ratio of 2.24 and a beta of 1.30. The company has a quick ratio of 1.59, a current ratio of 2.26 and a debt-to-equity ratio of 1.16.

Halliburton (NYSE:HAL) last released its quarterly earnings data on Monday, July 22nd. The oilfield services company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.30 by $0.05. Halliburton had a net margin of 5.58% and a return on equity of 13.76%. The business had revenue of $5.93 billion during the quarter, compared to the consensus estimate of $5.97 billion. During the same quarter in the prior year, the firm earned $0.58 EPS. The business’s revenue was down 3.5% on a year-over-year basis. As a group, sell-side analysts expect that Halliburton will post 1.34 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 3.94%. The ex-dividend date of this dividend is Tuesday, September 3rd. Halliburton’s dividend payout ratio is 37.89%.

A number of brokerages have recently issued reports on HAL. Citigroup cut their price objective on shares of Halliburton from $33.00 to $30.00 and set a “buy” rating for the company in a research report on Tuesday, July 23rd. Piper Jaffray Companies set a $26.00 price objective on shares of Halliburton and gave the company a “buy” rating in a research report on Monday, July 1st. Cowen reissued an “outperform” rating and set a $35.00 price objective (up previously from $33.00) on shares of Halliburton in a research report on Tuesday, July 23rd. Morgan Stanley cut their price objective on shares of Halliburton from $40.00 to $36.00 and set an “overweight” rating for the company in a research report on Friday, July 12th. Finally, Zacks Investment Research raised shares of Halliburton from a “sell” rating to a “hold” rating and set a $20.00 price objective for the company in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $39.78.

Halliburton Profile

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.

Further Reading: Growth and Income Funds

Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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