IVC Wealth Advisors LLC Sells 2,223 Shares of Halliburton (NYSE:HAL)

IVC Wealth Advisors LLC reduced its stake in Halliburton (NYSE:HAL) by 20.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,726 shares of the oilfield services company’s stock after selling 2,223 shares during the period. IVC Wealth Advisors LLC’s holdings in Halliburton were worth $253,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC boosted its position in Halliburton by 15.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 69,658 shares of the oilfield services company’s stock valued at $2,746,000 after buying an additional 9,181 shares during the period. Woodmont Investment Counsel LLC purchased a new stake in shares of Halliburton during the first quarter worth about $201,000. SeaCrest Wealth Management LLC grew its stake in shares of Halliburton by 30.5% in the first quarter. SeaCrest Wealth Management LLC now owns 9,604 shares of the oilfield services company’s stock worth $379,000 after purchasing an additional 2,247 shares during the last quarter. Hedeker Wealth LLC increased its holdings in Halliburton by 9.5% during the 1st quarter. Hedeker Wealth LLC now owns 84,614 shares of the oilfield services company’s stock valued at $3,335,000 after purchasing an additional 7,355 shares during the period. Finally, Azzad Asset Management Inc. ADV raised its position in Halliburton by 2.4% during the 1st quarter. Azzad Asset Management Inc. ADV now owns 82,528 shares of the oilfield services company’s stock valued at $3,253,000 after purchasing an additional 1,917 shares during the last quarter. Institutional investors own 85.23% of the company’s stock.

Halliburton Trading Up 1.4 %

Shares of NYSE HAL opened at $28.25 on Monday. The firm’s 50 day moving average price is $29.69 and its 200-day moving average price is $33.19. Halliburton has a 52-week low of $27.51 and a 52-week high of $41.56. 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 $24.94 billion, a PE ratio of 9.39, a P/E/G ratio of 1.86 and a beta of 1.88.

Halliburton Announces Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 2.41%. Halliburton’s dividend payout ratio (DPR) is presently 22.59%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their target price on Halliburton from $45.00 to $40.00 and set an “overweight” rating on the stock in a research note on Monday, July 22nd. StockNews.com downgraded shares of Halliburton from a “buy” rating to a “hold” rating in a research report on Wednesday, July 3rd. Bank of America dropped their target price on shares of Halliburton from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Monday, October 14th. UBS Group reduced their price target on shares of Halliburton from $41.00 to $37.00 and set a “buy” rating on the stock in a research report on Wednesday, September 18th. Finally, Evercore ISI lowered their price objective on shares of Halliburton from $52.00 to $48.00 and set an “outperform” rating for the company in a report on Monday, July 22nd. Four equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus 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.