Builder Investment Group Inc. ADV Decreases Stock Position in Halliburton (NYSE:HAL)

Builder Investment Group Inc. ADV cut its position in Halliburton (NYSE:HAL) by 1.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 164,626 shares of the oilfield services company’s stock after selling 2,900 shares during the quarter. Halliburton accounts for 1.3% of Builder Investment Group Inc. ADV’s portfolio, making the stock its 22nd largest position. Builder Investment Group Inc. ADV’s holdings in Halliburton were worth $4,782,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in HAL. Country Trust Bank purchased a new position in shares of Halliburton in the third quarter valued at $36,000. Bruce G. Allen Investments LLC raised its holdings in Halliburton by 274.9% in the second quarter. Bruce G. Allen Investments LLC now owns 1,121 shares of the oilfield services company’s stock valued at $38,000 after acquiring an additional 822 shares in the last quarter. ORG Wealth Partners LLC acquired a new stake in Halliburton in the third quarter valued at $44,000. Crewe Advisors LLC acquired a new stake in Halliburton in the first quarter valued at $46,000. Finally, Beacon Capital Management LLC raised its holdings in Halliburton by 28.8% in the first quarter. Beacon Capital Management LLC now owns 1,382 shares of the oilfield services company’s stock valued at $54,000 after acquiring an additional 309 shares in the last quarter. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. The Goldman Sachs Group cut their price target on shares of Halliburton from $47.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Citigroup cut their price target on shares of Halliburton from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, June 28th. Royal Bank of Canada cut shares of Halliburton from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $44.00 to $37.00 in a report on Friday, September 13th. StockNews.com cut shares of Halliburton from a “buy” rating to a “hold” rating in a report on Wednesday, July 3rd. Finally, TD Cowen dropped their target price on shares of Halliburton from $47.00 to $45.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Four 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.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $41.74.

Halliburton Stock Performance

Shares of HAL opened at $28.26 on Tuesday. The firm has a 50-day moving average price of $29.94 and a 200 day moving average price of $33.56. The firm has a market capitalization of $25.02 billion, a PE ratio of 9.78, a P/E/G ratio of 1.04 and a beta of 1.88. The company has a quick ratio of 1.54, a current ratio of 2.13 and a debt-to-equity ratio of 0.76. Halliburton has a 52-week low of $27.52 and a 52-week high of $42.15.

Halliburton (NYSE:HAL) last announced its earnings results on Friday, July 19th. The oilfield services company reported $0.80 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.80. The firm had revenue of $5.83 billion during the quarter, compared to analyst estimates of $5.95 billion. Halliburton had a net margin of 11.61% and a return on equity of 29.97%. Halliburton’s revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.77 EPS. On average, sell-side analysts anticipate that Halliburton will post 3.13 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th were given a $0.17 dividend. The ex-dividend date was Wednesday, September 4th. This represents a $0.68 dividend on an annualized basis and a yield of 2.41%. Halliburton’s dividend payout ratio is presently 23.53%.

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.