Halliburton (NYSE:HAL) Stock Position Lifted by Valley National Advisers Inc.

Valley National Advisers Inc. boosted its position in shares of Halliburton (NYSE:HAL) by 73,969.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 62,959 shares of the oilfield services company’s stock after buying an additional 62,874 shares during the quarter. Valley National Advisers Inc.’s holdings in Halliburton were worth $1,828,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of HAL. Bruce G. Allen Investments LLC lifted its stake in Halliburton by 274.9% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 1,121 shares of the oilfield services company’s stock worth $38,000 after acquiring an additional 822 shares in the last quarter. Crewe Advisors LLC acquired a new position in shares of Halliburton during the 1st quarter valued at about $46,000. Country Trust Bank acquired a new position in shares of Halliburton during the 3rd quarter valued at about $36,000. Beacon Capital Management LLC increased its holdings in shares of Halliburton by 28.8% during the 1st quarter. Beacon Capital Management LLC now owns 1,382 shares of the oilfield services company’s stock valued at $54,000 after acquiring an additional 309 shares during the last quarter. Finally, ORG Wealth Partners LLC acquired a new stake in Halliburton in the 3rd quarter valued at approximately $44,000. Institutional investors own 85.23% of the company’s stock.

Halliburton Price Performance

Shares of NYSE HAL opened at $28.25 on Friday. Halliburton has a twelve month low of $27.51 and a twelve month high of $41.56. The stock’s 50 day moving average price is $29.69 and its 200-day moving average price is $33.24. The company has a market capitalization of $24.94 billion, a PE ratio of 9.39, a PEG ratio of 1.86 and a beta of 1.88. The company has a quick ratio of 1.54, a current ratio of 2.13 and a debt-to-equity ratio of 0.76.

Halliburton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th were paid a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $0.68 dividend on an annualized basis and a yield of 2.41%. Halliburton’s dividend payout ratio is presently 22.59%.

Analysts Set New Price Targets

A number of research firms have issued reports on HAL. Benchmark reaffirmed a “buy” rating and issued a $42.00 target price on shares of Halliburton in a report on Monday, July 22nd. Jefferies Financial Group decreased their price objective on Halliburton from $47.00 to $46.00 and set a “buy” rating on the stock in a report on Tuesday, September 24th. UBS Group decreased their price objective on Halliburton from $41.00 to $37.00 and set a “buy” rating on the stock in a report on Wednesday, September 18th. Piper Sandler decreased their price objective on Halliburton from $46.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday, July 22nd. Finally, Wells Fargo & Company decreased their price target on Halliburton from $46.00 to $39.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 25th. 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. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $41.74.

About Halliburton

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.