Hantz Financial Services Inc. Has $616,000 Stock Holdings in Halliburton (NYSE:HAL)

Hantz Financial Services Inc. raised its holdings in shares of Halliburton (NYSE:HAL) by 237.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 22,639 shares of the oilfield services company’s stock after buying an additional 15,925 shares during the period. Hantz Financial Services Inc.’s holdings in Halliburton were worth $616,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Creative Planning increased its stake in Halliburton by 5.8% in the 2nd quarter. Creative Planning now owns 155,159 shares of the oilfield services company’s stock valued at $5,241,000 after buying an additional 8,507 shares during the last quarter. NewEdge Advisors LLC raised its holdings in Halliburton by 21.9% during the second quarter. NewEdge Advisors LLC now owns 73,725 shares of the oilfield services company’s stock worth $2,490,000 after acquiring an additional 13,241 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Halliburton by 16.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 41,739 shares of the oilfield services company’s stock valued at $1,410,000 after purchasing an additional 5,860 shares during the last quarter. Sanctuary Advisors LLC bought a new position in Halliburton in the second quarter valued at approximately $2,257,000. Finally, Mattson Financial Services LLC acquired a new position in shares of Halliburton during the 2nd quarter worth approximately $54,000. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on HAL shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $34.00 target price on shares of Halliburton in a research note on Thursday, January 23rd. Evercore ISI lowered their price objective on shares of Halliburton from $43.00 to $35.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 15th. Barclays cut their target price on shares of Halliburton from $32.00 to $30.00 and set an “equal weight” rating for the company in a research note on Thursday, January 23rd. JPMorgan Chase & Co. lowered their price target on Halliburton from $35.00 to $33.00 and set an “overweight” rating on the stock in a research report on Thursday, January 2nd. Finally, BMO Capital Markets cut their price objective on Halliburton from $40.00 to $38.00 and set a “market perform” rating for the company in a research report on Thursday, October 10th. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $37.42.

Halliburton Price Performance

Halliburton stock opened at $25.99 on Friday. The stock’s fifty day moving average price is $28.47 and its two-hundred day moving average price is $29.81. The firm has a market cap of $22.83 billion, a PE ratio of 9.18, a price-to-earnings-growth ratio of 3.65 and a beta of 1.91. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 1.54. Halliburton has a one year low of $25.51 and a one year high of $41.56.

Halliburton (NYSE:HAL) last posted its quarterly earnings results on Thursday, November 7th. The oilfield services company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.02). The company had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.83 billion. Halliburton had a net margin of 10.90% and a return on equity of 26.03%. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period last year, the firm earned $0.79 EPS. As a group, research analysts expect that Halliburton will post 2.67 EPS for the current fiscal year.

Halliburton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 26th. Investors of record on Wednesday, December 4th were paid a $0.17 dividend. The ex-dividend date was Wednesday, December 4th. This represents a $0.68 dividend on an annualized basis and a yield of 2.62%. Halliburton’s dividend payout ratio (DPR) is 24.03%.

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.