Hantz Financial Services Inc. Invests $195,000 in Halliburton (NYSE:HAL)

Hantz Financial Services Inc. bought a new stake in shares of Halliburton (NYSE:HAL) in the 3rd quarter, Holdings Channel.com reports. The firm bought 6,714 shares of the oilfield services company’s stock, valued at approximately $195,000.

Several other institutional investors also recently bought and sold shares of HAL. Pacer Advisors Inc. increased its position in shares of Halliburton by 17,317.6% in the second quarter. Pacer Advisors Inc. now owns 13,631,188 shares of the oilfield services company’s stock valued at $460,462,000 after acquiring an additional 13,552,927 shares during the period. LSV Asset Management increased its holdings in Halliburton by 24,954.1% during the 2nd quarter. LSV Asset Management now owns 2,730,900 shares of the oilfield services company’s stock valued at $92,250,000 after purchasing an additional 2,720,000 shares during the period. Thompson Siegel & Walmsley LLC bought a new position in Halliburton during the 3rd quarter valued at approximately $55,132,000. Dimensional Fund Advisors LP lifted its holdings in Halliburton by 20.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 10,087,115 shares of the oilfield services company’s stock worth $340,752,000 after buying an additional 1,681,620 shares during the period. Finally, Thrivent Financial for Lutherans grew its position in shares of Halliburton by 22.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 5,520,383 shares of the oilfield services company’s stock worth $160,367,000 after buying an additional 995,649 shares during the last quarter. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on HAL shares. Barclays decreased their target price on Halliburton from $47.00 to $43.00 and set an “overweight” rating for the company in a report on Friday, November 8th. Royal Bank of Canada lowered shares of Halliburton from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $44.00 to $37.00 in a report on Friday, September 13th. Susquehanna dropped their target price on shares of 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 reduced their price target on shares of Halliburton from $41.00 to $37.00 and set a “buy” rating on the stock in a research report on Wednesday, September 18th. Finally, 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 report on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Halliburton currently has a consensus rating of “Moderate Buy” and an average target price of $40.74.

Halliburton Trading Down 0.9 %

NYSE HAL opened at $31.56 on Tuesday. Halliburton has a 12 month low of $27.26 and a 12 month high of $41.56. 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 stock’s fifty day moving average price is $29.72 and its 200-day moving average price is $31.77. The stock has a market cap of $27.73 billion, a P/E ratio of 11.00, a P/E/G ratio of 3.92 and a beta of 1.89.

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

Halliburton Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Wednesday, December 4th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend is Wednesday, December 4th. Halliburton’s dividend payout ratio (DPR) is currently 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.