1,913 Shares in Halliburton (NYSE:HAL) Acquired by Wingate Wealth Advisors Inc.

Wingate Wealth Advisors Inc. purchased a new position in Halliburton (NYSE:HAL) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,913 shares of the oilfield services company’s stock, valued at approximately $52,000.

Several other hedge funds have also recently added to or reduced their stakes in HAL. Franklin Resources Inc. raised its stake in shares of Halliburton by 244.5% in the 3rd quarter. Franklin Resources Inc. now owns 4,513,560 shares of the oilfield services company’s stock worth $138,025,000 after buying an additional 3,203,224 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of Halliburton by 23.1% in the 3rd quarter. Pacer Advisors Inc. now owns 16,782,174 shares of the oilfield services company’s stock worth $487,522,000 after buying an additional 3,150,986 shares in the last quarter. Thompson Siegel & Walmsley LLC bought a new stake in shares of Halliburton in the 3rd quarter worth $55,132,000. Thrivent Financial for Lutherans raised its stake in shares of Halliburton by 22.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 5,520,383 shares of the oilfield services company’s stock worth $160,367,000 after buying an additional 995,649 shares in the last quarter. Finally, Banco Santander S.A. acquired a new position in shares of Halliburton in the 3rd quarter worth $13,085,000. Institutional investors own 85.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on HAL. Stifel Nicolaus decreased their target price on Halliburton from $42.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. Benchmark decreased their target price on Halliburton from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. Piper Sandler initiated coverage on Halliburton in a research report on Thursday, December 19th. They set an “overweight” rating and a $36.00 price target on the stock. UBS Group lowered Halliburton from a “buy” rating to a “neutral” rating and dropped their price target for the company from $36.00 to $34.00 in a research report on Monday, December 9th. Finally, Susquehanna dropped their price target on Halliburton from $42.00 to $40.00 and set a “positive” rating on the stock in a research report on Friday, November 8th. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.42.

Halliburton Stock Performance

HAL opened at $25.98 on Tuesday. The company has a market cap of $22.82 billion, a PE ratio of 9.18, a price-to-earnings-growth ratio of 3.53 and a beta of 1.89. The stock has a 50-day moving average of $27.74 and a 200-day moving average of $29.36. Halliburton has a 52-week low of $25.16 and a 52-week high of $41.56. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05.

Halliburton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 26th. Investors of record on Wednesday, December 4th were paid a dividend of $0.17 per share. The ex-dividend date was Wednesday, December 4th. This represents a $0.68 annualized dividend and a yield of 2.62%. Halliburton’s payout ratio is 24.03%.

Halliburton 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.