NorthRock Partners LLC Takes $254,000 Position in Halliburton (NYSE:HAL)

by · The Cerbat Gem

NorthRock Partners LLC acquired a new position in shares of Halliburton (NYSE:HAL – Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 8,759 shares of the oilfield services company’s stock, valued at approximately $254,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. First Horizon Advisors Inc. boosted its holdings in Halliburton by 2.1% during the second quarter. First Horizon Advisors Inc. now owns 14,027 shares of the oilfield services company’s stock valued at $474,000 after acquiring an additional 295 shares during the period. Beacon Capital Management LLC boosted its stake in 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 purchasing an additional 309 shares during the period. Guinness Atkinson Asset Management Inc grew its holdings in Halliburton by 3.1% in the 2nd quarter. Guinness Atkinson Asset Management Inc now owns 10,847 shares of the oilfield services company’s stock valued at $366,000 after buying an additional 330 shares during the last quarter. Moody National Bank Trust Division increased its position in Halliburton by 2.9% in the 2nd quarter. Moody National Bank Trust Division now owns 11,842 shares of the oilfield services company’s stock worth $400,000 after buying an additional 336 shares during the period. Finally, Northwest Bank & Trust Co lifted its holdings in shares of Halliburton by 3.2% during the third quarter. Northwest Bank & Trust Co now owns 12,979 shares of the oilfield services company’s stock worth $377,000 after buying an additional 397 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Halliburton Stock Performance

HAL stock opened at $30.51 on Thursday. The company has a 50 day moving average price of $29.17 and a 200 day moving average price of $32.62. Halliburton has a fifty-two week low of $27.26 and a fifty-two week high of $41.56. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.13 and a quick ratio of 1.54. The stock has a market capitalization of $26.94 billion, a PE ratio of 10.14, a price-to-earnings-growth ratio of 1.85 and a beta of 1.89.

Halliburton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend was Wednesday, September 4th. Halliburton’s dividend payout ratio (DPR) is presently 22.59%.

Analyst Ratings Changes

Several brokerages have recently issued reports on HAL. The Goldman Sachs Group lowered their price objective on shares of Halliburton from $47.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Johnson Rice raised shares of Halliburton to a “moderate buy” rating in a research report on Friday, July 19th. Morgan Stanley decreased their target price on Halliburton from $45.00 to $35.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. Wells Fargo & Company reduced their price objective on Halliburton from $46.00 to $39.00 and set an “overweight” rating for the company in a research report on Wednesday, September 25th. Finally, Benchmark reaffirmed a “buy” rating and set a $42.00 price objective on shares of Halliburton in a report on Monday, July 22nd. Four investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Halliburton has a consensus rating of “Moderate Buy” and a consensus price target of $41.74.

Get Our Latest Stock Report on Halliburton

Halliburton Profile

(Free Report)

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.

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