Stifel Financial Corp Buys 4,707 Shares of Halliburton (NYSE:HAL)

Stifel Financial Corp boosted its stake in shares of Halliburton (NYSE:HAL) by 2.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 223,334 shares of the oilfield services company’s stock after purchasing an additional 4,707 shares during the quarter. Stifel Financial Corp’s holdings in Halliburton were worth $6,488,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HAL. First Horizon Advisors Inc. boosted its position in shares of Halliburton by 2.1% in the second quarter. First Horizon Advisors Inc. now owns 14,027 shares of the oilfield services company’s stock valued at $474,000 after acquiring an additional 295 shares during the period. Public Sector Pension Investment Board boosted its position in shares of Halliburton by 0.3% in the third quarter. Public Sector Pension Investment Board now owns 154,210 shares of the oilfield services company’s stock valued at $4,480,000 after acquiring an additional 390 shares during the period. Brown Brothers Harriman & Co. boosted its position in shares of Halliburton by 28.8% in the third quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company’s stock valued at $51,000 after acquiring an additional 393 shares during the period. Northwest Bank & Trust Co boosted its position in shares of Halliburton by 3.2% in the third quarter. Northwest Bank & Trust Co now owns 12,979 shares of the oilfield services company’s stock valued at $377,000 after acquiring an additional 397 shares during the period. Finally, Venturi Wealth Management LLC boosted its position 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 acquiring an additional 412 shares during the period. 85.23% of the stock is owned by institutional investors.

Halliburton Price Performance

Halliburton stock opened at $28.68 on Friday. The stock has a market capitalization of $25.20 billion, a price-to-earnings ratio of 9.99, a PEG ratio of 3.61 and a beta of 1.90. Halliburton has a 52-week low of $27.26 and a 52-week high of $41.56. The stock’s 50 day moving average price is $29.75 and its two-hundred day moving average price is $31.35. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.62 and a current ratio of 2.21.

Halliburton (NYSE:HAL) last posted 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 business had revenue of $5.70 billion for 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%. Halliburton’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.79 earnings per share. On average, equities analysts predict that Halliburton will post 3 earnings per share for the current year.

Halliburton Dividend Announcement

The firm 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 $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.37%. The ex-dividend date is Wednesday, December 4th. Halliburton’s payout ratio is currently 23.69%.

Analyst Ratings Changes

HAL has been the subject of a number of recent research reports. UBS Group cut shares of Halliburton from a “buy” rating to a “neutral” rating and reduced their target price for the company from $36.00 to $34.00 in a research report on Monday, December 9th. Bank of America dropped their price target on Halliburton from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Dbs Bank began coverage on Halliburton in a research note on Wednesday, September 18th. They issued a “buy” rating and a $45.00 price target for the company. Wells Fargo & Company dropped their price target on Halliburton from $46.00 to $39.00 and set an “overweight” rating for the company in a research note on Wednesday, September 25th. Finally, The Goldman Sachs Group dropped their price target on Halliburton from $47.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Five equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.