Halliburton (NYSE:HAL) Shares Acquired by Missouri Trust & Investment Co

Missouri Trust & Investment Co increased its holdings in shares of Halliburton (NYSE:HAL) by 9.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 9,820 shares of the oilfield services company’s stock after purchasing an additional 810 shares during the period. Missouri Trust & Investment Co’s holdings in Halliburton were worth $267,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HAL. MCF Advisors LLC raised its position in shares of Halliburton by 58.2% in the 4th quarter. MCF Advisors LLC now owns 8,435 shares of the oilfield services company’s stock valued at $229,000 after purchasing an additional 3,104 shares during the last quarter. Legal Advantage Investments Inc. purchased a new stake in shares of Halliburton during the fourth quarter valued at $340,000. Ballentine Partners LLC increased its position in shares of Halliburton by 13.4% in the 4th quarter. Ballentine Partners LLC now owns 19,171 shares of the oilfield services company’s stock valued at $521,000 after acquiring an additional 2,267 shares during the period. UMB Bank n.a. raised its stake in Halliburton by 14.3% in the 4th quarter. UMB Bank n.a. now owns 4,036 shares of the oilfield services company’s stock worth $110,000 after acquiring an additional 505 shares during the last quarter. Finally, Ballast Inc. grew its stake in Halliburton by 65.8% during the 4th quarter. Ballast Inc. now owns 25,045 shares of the oilfield services company’s stock valued at $681,000 after purchasing an additional 9,943 shares during the last quarter. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Halliburton Stock Down 1.3 %

NYSE HAL opened at $29.50 on Wednesday. Halliburton has a one year low of $25.51 and a one year high of $41.56. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.62 and a current ratio of 2.21. The business has a fifty day moving average price of $28.94 and a 200 day moving average price of $30.08. The company has a market cap of $25.92 billion, a P/E ratio of 10.28, a P/E/G ratio of 3.76 and a beta of 1.91.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.02). The business had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.83 billion. Halliburton had a net margin of 11.04% and a return on equity of 28.33%. The firm’s revenue was down 1.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.79 EPS. Research analysts anticipate that Halliburton will post 2.99 EPS for the current fiscal year.

Halliburton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 26th. Shareholders of record on Wednesday, December 4th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.30%. The ex-dividend date was Wednesday, December 4th. Halliburton’s payout ratio is currently 23.69%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Susquehanna decreased their target price on Halliburton from $42.00 to $40.00 and set a “positive” rating for the company in a report on Friday, November 8th. Benchmark reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Halliburton in a report on Friday, November 8th. Stifel Nicolaus reduced their target price 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. Wells Fargo & Company lowered their price target on shares of Halliburton from $39.00 to $34.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. Finally, Barclays reiterated an “equal weight” rating and set a $33.00 price objective (down previously from $43.00) on shares of Halliburton in a research note on Wednesday, December 18th. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $38.26.

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.