Sage Capital Advisors llc Buys Shares of 274,710 Halliburton (NYSE:HAL)

Sage Capital Advisors llc purchased a new stake in shares of Halliburton (NYSE:HAL) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 274,710 shares of the oilfield services company’s stock, valued at approximately $7,469,000. Halliburton makes up about 1.9% of Sage Capital Advisors llc’s investment portfolio, making the stock its 12th biggest position.

Several other hedge funds and other institutional investors also recently made changes to their positions in HAL. Country Trust Bank bought a new stake in Halliburton during the 3rd quarter worth approximately $36,000. Modus Advisors LLC acquired a new stake in Halliburton in the fourth quarter valued at $38,000. Continuum Advisory LLC raised its position in Halliburton by 101.2% during the 3rd quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company’s stock worth $42,000 after purchasing an additional 698 shares during the last quarter. ORG Wealth Partners LLC acquired a new position in Halliburton during the 3rd quarter worth about $44,000. Finally, Venturi Wealth Management LLC grew its position in shares of Halliburton by 34.2% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock valued at $47,000 after buying an additional 412 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors.

Halliburton Price Performance

Shares of NYSE HAL traded up $0.31 during mid-day trading on Friday, reaching $27.34. 6,625,396 shares of the company were exchanged, compared to its average volume of 8,363,591. The stock has a market capitalization of $24.02 billion, a PE ratio of 9.53, a PEG ratio of 3.55 and a beta of 1.91. The company has a quick ratio of 1.62, a current ratio of 2.21 and a debt-to-equity ratio of 0.74. Halliburton has a 52 week low of $25.51 and a 52 week high of $41.56. The company’s 50 day moving average price is $28.99 and its 200 day moving average price is $30.38.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Thursday, November 7th. The oilfield services company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.02). The firm had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.83 billion. Halliburton had a net margin of 11.04% and a return on equity of 28.33%. Halliburton’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.79 earnings per share. Sell-side analysts forecast that Halliburton will post 3 earnings per share for the current fiscal year.

Halliburton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 26th. Stockholders of record on Wednesday, December 4th were issued a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.49%. Halliburton’s payout ratio is 23.69%.

Analyst Upgrades and Downgrades

HAL has been the subject of a number of analyst reports. Piper Sandler assumed coverage on Halliburton in a research report on Thursday, December 19th. They set an “overweight” rating and a $36.00 price objective for the company. Benchmark reissued a “buy” rating and set a $40.00 target price on shares of Halliburton in a research note on Friday, November 8th. Jefferies Financial Group cut their price target on shares of Halliburton from $43.00 to $41.00 and set a “buy” rating on the stock in a research report on Friday, January 3rd. Griffin Securities lowered Halliburton from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. Finally, Susquehanna decreased their target price on Halliburton from $42.00 to $40.00 and set a “positive” rating for the company in a research note on Friday, November 8th. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.95.

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.