Gilliland Jeter Wealth Management LLC Raises Stock Holdings in Halliburton (NYSE:HAL)

Gilliland Jeter Wealth Management LLC boosted its holdings in shares of Halliburton (NYSE:HAL) by 75.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,892 shares of the oilfield services company’s stock after acquiring an additional 8,992 shares during the quarter. Gilliland Jeter Wealth Management LLC’s holdings in Halliburton were worth $607,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of HAL. Capital World Investors boosted its stake in shares of Halliburton by 0.3% during the first quarter. Capital World Investors now owns 121,928,734 shares of the oilfield services company’s stock valued at $4,806,431,000 after purchasing an additional 377,500 shares during the period. Vanguard Group Inc. boosted its position in Halliburton by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 100,274,105 shares of the oilfield services company’s stock valued at $3,952,805,000 after buying an additional 2,618,740 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Halliburton by 46.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 61,090,055 shares of the oilfield services company’s stock worth $2,408,171,000 after acquiring an additional 19,237,784 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of Halliburton by 17,317.6% during the second quarter. Pacer Advisors Inc. now owns 13,631,188 shares of the oilfield services company’s stock valued at $460,462,000 after acquiring an additional 13,552,927 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of 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. Institutional investors own 85.23% of the company’s stock.

Halliburton Trading Down 2.1 %

Shares of Halliburton stock opened at $28.33 on Monday. Halliburton has a fifty-two week low of $27.52 and a fifty-two week high of $43.83. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.54 and a current ratio of 2.13. The company has a market cap of $25.08 billion, a P/E ratio of 9.80, a price-to-earnings-growth ratio of 1.04 and a beta of 1.88. The firm has a 50-day simple moving average of $30.00 and a two-hundred day simple moving average of $33.64.

Halliburton (NYSE:HAL) last issued its quarterly earnings data on Friday, July 19th. The oilfield services company reported $0.80 EPS for the quarter, meeting the consensus estimate 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%. Halliburton’s quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the company earned $0.77 earnings per share. As a group, equities analysts predict that Halliburton will post 3.13 earnings per share for the current fiscal year.

Halliburton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders 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 annualized dividend and a dividend yield of 2.40%. Halliburton’s dividend payout ratio (DPR) is 23.53%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on HAL shares. BMO Capital Markets dropped their price target on Halliburton from $40.00 to $38.00 and set a “market perform” rating on the stock in a research report on Thursday, October 10th. Susquehanna cut their target price on shares of Halliburton from $46.00 to $42.00 and set a “positive” rating on the stock in a research report on Friday, October 11th. Benchmark reissued a “buy” rating and set a $42.00 price objective on shares of Halliburton in a report on Monday, July 22nd. Dbs Bank initiated coverage on shares of Halliburton in a research report on Wednesday, September 18th. They set a “buy” rating and a $45.00 price target for the company. Finally, Johnson Rice upgraded shares of Halliburton to a “moderate buy” rating in a research note on Friday, July 19th. Four equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $41.74.

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.