Comprehensive Financial Consultants Institutional Inc. Has $1.69 Million Holdings in Halliburton (NYSE:HAL)

Comprehensive Financial Consultants Institutional Inc. increased its stake in shares of Halliburton (NYSE:HAL) by 2.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,085 shares of the oilfield services company’s stock after purchasing an additional 1,122 shares during the quarter. Comprehensive Financial Consultants Institutional Inc.’s holdings in Halliburton were worth $1,687,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. First Horizon Advisors Inc. increased its stake in shares of Halliburton by 2.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 14,027 shares of the oilfield services company’s stock valued at $474,000 after buying an additional 295 shares during the period. Beacon Capital Management LLC raised its holdings in Halliburton by 28.8% during the 1st quarter. Beacon Capital Management LLC now owns 1,382 shares of the oilfield services company’s stock worth $54,000 after purchasing an additional 309 shares during the last quarter. Guinness Atkinson Asset Management Inc lifted its position in Halliburton by 3.1% during the 2nd quarter. Guinness Atkinson Asset Management Inc now owns 10,847 shares of the oilfield services company’s stock valued at $366,000 after purchasing an additional 330 shares during the period. Moody National Bank Trust Division grew its position in shares of Halliburton by 2.9% during the 2nd quarter. Moody National Bank Trust Division now owns 11,842 shares of the oilfield services company’s stock worth $400,000 after buying an additional 336 shares during the period. Finally, Northwest Bank & Trust Co raised its stake in shares of Halliburton by 3.2% during the third quarter. Northwest Bank & Trust Co now owns 12,979 shares of the oilfield services company’s stock worth $377,000 after buying an additional 397 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on HAL. Dbs Bank initiated coverage on shares of Halliburton in a report on Wednesday, September 18th. They set a “buy” rating and a $45.00 target price for the company. Evercore ISI cut their target price on Halliburton from $52.00 to $48.00 and set an “outperform” rating on the stock in a research note on Monday, July 22nd. Barclays decreased their target price on Halliburton from $48.00 to $47.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Piper Sandler cut their price target on shares of Halliburton from $46.00 to $40.00 and set an “overweight” rating on the stock in a research report on Monday, July 22nd. Finally, Stifel Nicolaus decreased their price objective on shares of Halliburton from $45.00 to $42.00 and set a “buy” rating for the company in a report on Friday, October 11th. Four investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $41.63.

Halliburton Stock Down 3.1 %

Shares of HAL stock opened at $29.55 on Friday. The firm’s fifty day moving average price is $29.17 and its two-hundred day moving average price is $32.62. The company has a current ratio of 2.13, a quick ratio of 1.54 and a debt-to-equity ratio of 0.76. Halliburton has a 1 year low of $27.26 and a 1 year high of $41.56. The firm has a market capitalization of $26.09 billion, a P/E ratio of 9.82, a PEG ratio of 1.85 and a beta of 1.89.

Halliburton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th were issued a dividend of $0.17 per share. The ex-dividend date was Wednesday, September 4th. This represents a $0.68 annualized dividend and a yield of 2.30%. Halliburton’s payout ratio is presently 22.59%.

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.