Halliburton (NYSE:HAL) Shares Acquired by GDS Wealth Management

GDS Wealth Management lifted its stake in Halliburton (NYSE:HAL) by 11.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 309,147 shares of the oilfield services company’s stock after purchasing an additional 31,389 shares during the quarter. GDS Wealth Management’s holdings in Halliburton were worth $10,443,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Citizens Financial Group Inc. RI lifted its stake in shares of Halliburton by 2.0% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 35,163 shares of the oilfield services company’s stock valued at $1,188,000 after purchasing an additional 680 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Halliburton by 20.0% in the second quarter. Dimensional Fund Advisors LP now owns 10,087,115 shares of the oilfield services company’s stock valued at $340,752,000 after purchasing an additional 1,681,620 shares during the period. Envestnet Asset Management Inc. grew its stake in Halliburton by 30.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 737,569 shares of the oilfield services company’s stock worth $24,915,000 after purchasing an additional 171,111 shares in the last quarter. Parallel Advisors LLC increased its holdings in Halliburton by 13.4% during the 2nd quarter. Parallel Advisors LLC now owns 9,300 shares of the oilfield services company’s stock worth $314,000 after purchasing an additional 1,102 shares during the period. Finally, Hardin Capital Partners LLC purchased a new position in shares of Halliburton in the 2nd quarter valued at about $278,000. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Insider Buying and Selling at Halliburton

In other news, EVP Van H. Beckwith sold 10,000 shares of the stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $36.75, for a total value of $367,500.00. Following the completion of the transaction, the executive vice president now owns 273,908 shares in the company, valued at approximately $10,066,119. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.61% of the stock is owned by corporate insiders.

Halliburton Stock Performance

NYSE:HAL opened at $28.41 on Tuesday. The firm has a market cap of $25.15 billion, a price-to-earnings ratio of 9.83, a price-to-earnings-growth ratio of 0.95 and a beta of 1.89. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.13 and a quick ratio of 1.54. Halliburton has a 1-year low of $27.52 and a 1-year high of $43.85. The firm’s fifty day moving average price is $31.80 and its 200 day moving average price is $35.00.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Friday, July 19th. The oilfield services company reported $0.80 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.80. The company had revenue of $5.83 billion for the quarter, compared to analyst estimates of $5.95 billion. Halliburton had a return on equity of 29.97% and a net margin of 11.61%. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.77 EPS. On average, sell-side analysts expect that Halliburton will post 3.14 EPS for the current year.

Halliburton Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.39%. The ex-dividend date is Wednesday, September 4th. Halliburton’s payout ratio is 23.53%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on HAL. Morgan Stanley decreased their price objective on shares of Halliburton from $45.00 to $35.00 and set an “overweight” rating for the company in a research report on Monday. Bank of America decreased their target price on Halliburton from $41.00 to $40.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Evercore ISI cut their price objective on shares of Halliburton from $52.00 to $48.00 and set an “outperform” rating on the stock in a report on Monday, July 22nd. Stifel Nicolaus lowered their target price on shares of Halliburton from $47.00 to $46.00 and set a “buy” rating for the company in a report on Tuesday, July 16th. Finally, Benchmark reaffirmed a “buy” rating and issued a $42.00 target price on shares of Halliburton in a research report on Monday, July 22nd. Three research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $43.88.

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.