EP Wealth Advisors LLC Has $397,000 Holdings in Halliburton (NYSE:HAL)

EP Wealth Advisors LLC raised its stake in shares of Halliburton (NYSE:HAL) by 76.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 13,657 shares of the oilfield services company’s stock after acquiring an additional 5,918 shares during the quarter. EP Wealth Advisors LLC’s holdings in Halliburton were worth $397,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in HAL. First Horizon Advisors Inc. grew its position in Halliburton by 2.1% during the second quarter. First Horizon Advisors Inc. now owns 14,027 shares of the oilfield services company’s stock worth $474,000 after buying an additional 295 shares in the last quarter. Public Sector Pension Investment Board lifted its position in shares of Halliburton by 0.3% in the 3rd quarter. Public Sector Pension Investment Board now owns 154,210 shares of the oilfield services company’s stock worth $4,480,000 after acquiring an additional 390 shares during the period. Brown Brothers Harriman & Co. grew its holdings in shares of Halliburton by 28.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company’s stock worth $51,000 after purchasing an additional 393 shares in the last quarter. Northwest Bank & Trust Co increased its position 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 valued at $377,000 after purchasing an additional 397 shares during the period. Finally, Venturi Wealth Management LLC raised its stake in shares of Halliburton by 34.2% in the third quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock valued at $47,000 after purchasing an additional 412 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Halliburton Stock Performance

HAL stock opened at $28.88 on Friday. The company has a 50 day moving average price of $29.84 and a 200 day moving average price of $31.42. Halliburton has a fifty-two week low of $27.26 and a fifty-two week high of $41.56. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.21 and a quick ratio of 1.62. The stock has a market capitalization of $25.37 billion, a PE ratio of 10.01, a price-to-earnings-growth ratio of 3.56 and a beta of 1.90.

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

Halliburton Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Wednesday, December 4th will be given a dividend of $0.17 per share. The ex-dividend date is Wednesday, December 4th. This represents a $0.68 dividend on an annualized basis and a yield of 2.35%. Halliburton’s payout ratio is presently 23.69%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on HAL shares. Raymond James decreased their price target on shares of Halliburton from $41.00 to $37.00 and set a “strong-buy” rating on the stock in a research note on Friday, November 8th. BMO Capital Markets lowered their target price on shares of Halliburton from $40.00 to $38.00 and set a “market perform” rating on the stock in a research note on Thursday, October 10th. Morgan Stanley dropped their price target on shares of Halliburton from $35.00 to $34.00 and set an “overweight” rating for the company in a research report on Monday, November 18th. Barclays decreased their price objective on Halliburton from $47.00 to $43.00 and set an “overweight” rating on the stock in a report on Friday, November 8th. Finally, Dbs Bank began coverage on Halliburton in a report on Wednesday, September 18th. They issued a “buy” rating and a $45.00 target price for the company. Five 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.58.

Halliburton 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.