Eukles Asset Management Buys 713 Shares of Halliburton (NYSE:HAL)

Eukles Asset Management grew its stake in shares of Halliburton (NYSE:HAL) by 6.2% in the 4th quarter, HoldingsChannel reports. The fund owned 12,296 shares of the oilfield services company’s stock after purchasing an additional 713 shares during the quarter. Eukles Asset Management’s holdings in Halliburton were worth $334,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the company. Franklin Resources Inc. boosted its stake in Halliburton by 244.5% in the 3rd 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 period. Pacer Advisors Inc. boosted its position in shares of Halliburton by 23.1% in the third 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 during the period. Thompson Siegel & Walmsley LLC acquired a new position in shares of Halliburton in the third quarter valued at about $55,132,000. Thrivent Financial for Lutherans increased its position in 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 during the period. Finally, Banco Santander S.A. acquired a new stake in Halliburton in the 3rd quarter worth about $13,085,000. Institutional investors own 85.23% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on HAL. Barclays lowered their target price on shares of Halliburton from $32.00 to $30.00 and set an “equal weight” rating on the stock in a report on Thursday, January 23rd. JPMorgan Chase & Co. lowered their price objective on Halliburton from $35.00 to $33.00 and set an “overweight” rating on the stock in a research note on Thursday, January 2nd. Griffin Securities downgraded Halliburton from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. Piper Sandler assumed coverage on Halliburton in a research report on Thursday, December 19th. They issued an “overweight” rating and a $36.00 price target on the stock. Finally, Bank of America cut their price objective 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. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.42.

Halliburton Stock Down 1.2 %

Shares of HAL opened at $25.17 on Monday. The stock’s 50-day moving average price is $27.74 and its two-hundred day moving average price is $29.38. Halliburton has a 12 month low of $25.16 and a 12 month high of $41.56. The company has a market capitalization of $22.11 billion, a PE ratio of 8.89, a PEG ratio of 3.53 and a beta of 1.89. The company has a current ratio of 2.05, a quick ratio of 1.54 and a debt-to-equity ratio of 0.68.

Halliburton (NYSE:HAL) last posted 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). The company had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.83 billion. Halliburton had a return on equity of 26.03% and a net margin of 10.90%. Halliburton’s revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.79 earnings per share. On average, analysts anticipate that Halliburton will post 2.67 EPS for the current year.

Halliburton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 26th. Stockholders of record on Wednesday, December 4th were given 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 2.70%. Halliburton’s dividend payout ratio (DPR) is currently 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.