Focus Partners Advisor Solutions LLC Acquires Shares of 49,347 Halliburton Company $HAL

Focus Partners Advisor Solutions LLC bought a new stake in Halliburton Company (NYSE:HAL) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 49,347 shares of the oilfield services company’s stock, valued at approximately $1,675,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in HAL. Capital Research Global Investors lifted its stake in shares of Halliburton by 21.1% during the fourth quarter. Capital Research Global Investors now owns 110,220,971 shares of the oilfield services company’s stock valued at $3,114,848,000 after acquiring an additional 19,190,520 shares during the period. State Street Corp increased its position in Halliburton by 1.7% in the fourth quarter. State Street Corp now owns 50,825,761 shares of the oilfield services company’s stock worth $1,436,336,000 after purchasing an additional 861,964 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Halliburton by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 31,097,164 shares of the oilfield services company’s stock worth $878,806,000 after purchasing an additional 443,064 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Halliburton by 82,596.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 29,771,388 shares of the oilfield services company’s stock worth $841,339,000 after purchasing an additional 29,735,387 shares during the last quarter. Finally, Morgan Stanley lifted its position in Halliburton by 14.0% during the 4th quarter. Morgan Stanley now owns 15,806,168 shares of the oilfield services company’s stock valued at $446,682,000 after purchasing an additional 1,943,845 shares during the period. Institutional investors own 85.23% of the company’s stock.

Insider Activity

In related news, CFO Eric Carre sold 24,778 shares of the company’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $35.89, for a total value of $889,282.42. Following the completion of the sale, the chief financial officer owned 148,520 shares in the company, valued at $5,330,382.80. This represents a 14.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.57% of the stock is owned by company insiders.

Halliburton Stock Performance

Shares of HAL stock opened at $34.44 on Friday. The stock has a market cap of $28.70 billion, a PE ratio of 18.03, a price-to-earnings-growth ratio of 2.15 and a beta of 0.73. The stock has a 50-day moving average of $34.42 and a 200-day moving average of $36.46. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.02 and a quick ratio of 1.50. Halliburton Company has a one year low of $20.78 and a one year high of $43.59.

Halliburton (NYSE:HAL) last released its quarterly earnings data on Tuesday, July 21st. The oilfield services company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.01. Halliburton had a net margin of 7.16% and a return on equity of 18.71%. The business had revenue of $5.71 billion for the quarter, compared to analyst estimates of $5.50 billion. During the same quarter last year, the firm earned $0.55 EPS. Halliburton’s quarterly revenue was up 3.7% compared to the same quarter last year. As a group, sell-side analysts expect that Halliburton Company will post 2.34 earnings per share for the current year.

Halliburton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 3rd were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Wednesday, June 3rd. Halliburton’s dividend payout ratio (DPR) is currently 35.60%.

Analyst Ratings Changes

Several research analysts have recently issued reports on HAL shares. Wall Street Zen lowered shares of Halliburton from a “buy” rating to a “hold” rating in a research note on Saturday. JPMorgan Chase & Co. increased their price objective on shares of Halliburton from $40.00 to $42.00 and gave the company an “overweight” rating in a report on Wednesday, April 22nd. Royal Bank Of Canada raised their price objective on shares of Halliburton from $43.00 to $44.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Morgan Stanley lowered their target price on shares of Halliburton from $41.00 to $40.00 and set an “overweight” rating for the company in a report on Wednesday, July 22nd. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $43.00 target price (up from $36.00) on shares of Halliburton in a research report on Wednesday, April 22nd. Eighteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Halliburton presently has an average rating of “Moderate Buy” and a consensus target price of $43.10.

Halliburton Company Profile

Halliburton is one of the world’s largest providers of products and services to the energy industry, offering a broad portfolio that supports the lifecycle of oil and gas reservoirs from exploration and drilling through production and abandonment. Founded in 1919 by Erle P. Halliburton as an oil-well cementing company, the firm is headquartered in Houston, Texas and has developed into an integrated oilfield services company serving upstream operators globally.

The company’s activities encompass drilling and evaluation, well construction and completion, production enhancement and well intervention.