Halliburton (NYSE:HAL) Holdings Boosted by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. grew its holdings in Halliburton (NYSE:HAL) by 48.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,443 shares of the oilfield services company’s stock after purchasing an additional 3,398 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Halliburton were worth $284,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of HAL. Geode Capital Management LLC grew its position in Halliburton by 0.8% during the third quarter. Geode Capital Management LLC now owns 20,630,361 shares of the oilfield services company’s stock valued at $597,234,000 after purchasing an additional 172,505 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of Halliburton by 23.1% during the 3rd quarter. Pacer Advisors Inc. now owns 16,782,174 shares of the oilfield services company’s stock valued at $487,522,000 after acquiring an additional 3,150,986 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Halliburton by 2.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,742,352 shares of the oilfield services company’s stock worth $166,815,000 after acquiring an additional 115,504 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Halliburton by 22.0% during the third quarter. Thrivent Financial for Lutherans now owns 5,520,383 shares of the oilfield services company’s stock worth $160,367,000 after acquiring an additional 995,649 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in Halliburton by 244.5% during the third quarter. Franklin Resources Inc. now owns 4,513,560 shares of the oilfield services company’s stock valued at $138,025,000 after purchasing an additional 3,203,224 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on HAL. Benchmark reaffirmed a “buy” rating and set a $40.00 price target on shares of Halliburton in a research note on Friday, November 8th. Morgan Stanley reduced their target price on shares of Halliburton from $35.00 to $34.00 and set an “overweight” rating for the company in a research note on Monday, November 18th. Evercore ISI dropped their price target on shares of Halliburton from $43.00 to $35.00 and set an “outperform” rating on the stock in a research note on Wednesday. Stifel Nicolaus reduced their price objective on shares of Halliburton from $45.00 to $42.00 and set a “buy” rating for the company in a research note on Friday, October 11th. Finally, Raymond James downgraded shares of Halliburton from a “strong-buy” rating to a “market perform” rating in a research report on Monday, January 6th. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, Halliburton has an average rating of “Moderate Buy” and an average price target of $38.26.

Halliburton Price Performance

NYSE:HAL opened at $29.28 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.21 and a quick ratio of 1.62. Halliburton has a one year low of $25.51 and a one year high of $41.56. The company has a fifty day moving average price of $28.93 and a 200 day moving average price of $30.19. The stock has a market cap of $25.72 billion, a P/E ratio of 10.20, a PEG ratio of 3.36 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 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.02). Halliburton had a net margin of 11.04% and a return on equity of 28.33%. The company had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.83 billion. During the same period in the prior year, the company posted $0.79 EPS. The firm’s quarterly revenue was down 1.8% on a year-over-year basis. Analysts anticipate that Halliburton will post 2.99 earnings per share for the current year.

Halliburton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 26th. Stockholders of record on Wednesday, December 4th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.32%. The ex-dividend date was Wednesday, December 4th. Halliburton’s payout ratio is presently 23.69%.

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.