Investors Asset Management of Georgia Inc. GA ADV Buys 1,000 Shares of Halliburton Company $HAL

Investors Asset Management of Georgia Inc. GA ADV increased its position in Halliburton Company (NYSE:HAL) by 9.1% during the second quarter, HoldingsChannel.com reports. The firm owned 11,970 shares of the oilfield services company’s stock after acquiring an additional 1,000 shares during the quarter. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Halliburton were worth $244,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its position in shares of Halliburton by 450.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 29,941,771 shares of the oilfield services company’s stock valued at $759,623,000 after acquiring an additional 24,506,472 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Halliburton by 7.3% in the 1st quarter. Invesco Ltd. now owns 10,813,905 shares of the oilfield services company’s stock worth $274,349,000 after purchasing an additional 731,105 shares in the last quarter. LSV Asset Management raised its stake in shares of Halliburton by 3.3% in the first quarter. LSV Asset Management now owns 6,113,044 shares of the oilfield services company’s stock worth $155,088,000 after purchasing an additional 193,022 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Halliburton by 5.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,279,815 shares of the oilfield services company’s stock valued at $133,949,000 after buying an additional 282,492 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in Halliburton by 217.4% in the 1st quarter. AQR Capital Management LLC now owns 4,641,111 shares of the oilfield services company’s stock worth $116,770,000 after buying an additional 3,178,746 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on HAL shares. Barclays dropped their price target on shares of Halliburton from $26.00 to $22.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 23rd. UBS Group raised their target price on shares of Halliburton from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Wednesday, August 20th. Susquehanna lowered their price target on Halliburton from $30.00 to $27.00 and set a “positive” rating on the stock in a report on Wednesday, July 23rd. Melius Research assumed coverage on Halliburton in a research note on Wednesday, August 20th. They issued a “buy” rating and a $41.00 price target on the stock. Finally, Zephirin Group upped their price objective on Halliburton from $27.00 to $28.00 and gave the company a “buy” rating in a research report on Thursday. Fourteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.20.

Halliburton Price Performance

Shares of Halliburton stock opened at $24.31 on Monday. The stock has a market cap of $20.72 billion, a P/E ratio of 11.36 and a beta of 1.02. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.47 and a current ratio of 2.00. The stock’s fifty day moving average is $22.42 and its 200 day moving average is $21.80. Halliburton Company has a one year low of $18.72 and a one year high of $32.57.

Halliburton (NYSE:HAL) last issued its quarterly earnings results on Tuesday, July 22nd. The oilfield services company reported $0.55 EPS for the quarter, hitting analysts’ consensus estimates of $0.55. Halliburton had a return on equity of 21.45% and a net margin of 8.37%.The business had revenue of $5.51 billion during the quarter, compared to analysts’ expectations of $5.43 billion. During the same quarter in the prior year, the business posted $0.80 earnings per share. The business’s quarterly revenue was down 5.5% on a year-over-year basis. Sell-side analysts anticipate that Halliburton Company will post 2.64 earnings per share for the current year.

Halliburton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 3rd were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Wednesday, September 3rd. Halliburton’s dividend payout ratio is presently 31.78%.

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.