Wealth Enhancement Advisory Services LLC Has $2.94 Million Stock Holdings in Halliburton (NYSE:HAL)

Wealth Enhancement Advisory Services LLC increased its position in shares of Halliburton (NYSE:HAL) by 13.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 101,179 shares of the oilfield services company’s stock after buying an additional 12,067 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Halliburton were worth $2,939,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in HAL. Price T Rowe Associates Inc. MD boosted its holdings in Halliburton by 46.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 61,090,055 shares of the oilfield services company’s stock valued at $2,408,171,000 after purchasing an additional 19,237,784 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in Halliburton by 17,317.6% during the second quarter. Pacer Advisors Inc. now owns 13,631,188 shares of the oilfield services company’s stock valued at $460,462,000 after purchasing an additional 13,552,927 shares in the last quarter. LSV Asset Management boosted its holdings in Halliburton by 24,954.1% during the second quarter. LSV Asset Management now owns 2,730,900 shares of the oilfield services company’s stock valued at $92,250,000 after purchasing an additional 2,720,000 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Halliburton by 2.7% during the first quarter. Vanguard Group Inc. now owns 100,274,105 shares of the oilfield services company’s stock valued at $3,952,805,000 after purchasing an additional 2,618,740 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Halliburton by 20.0% during the second quarter. Dimensional Fund Advisors LP now owns 10,087,115 shares of the oilfield services company’s stock valued at $340,752,000 after purchasing an additional 1,681,620 shares in the last quarter. 85.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on HAL shares. Jefferies Financial Group cut their target price on shares of Halliburton from $47.00 to $46.00 and set a “buy” rating for the company in a research note on Tuesday, September 24th. Morgan Stanley cut their target price on shares of Halliburton from $45.00 to $35.00 and set an “overweight” rating for the company in a research note on Monday, September 16th. Stifel Nicolaus cut their target price on shares of Halliburton from $45.00 to $42.00 and set a “buy” rating for the company in a research note on Friday, October 11th. Susquehanna cut their target price on shares of Halliburton from $46.00 to $42.00 and set a “positive” rating for the company in a research note on Friday, October 11th. Finally, TD Cowen cut their target price on shares of Halliburton from $47.00 to $45.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Four research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $41.74.

Halliburton Stock Performance

Halliburton stock opened at $27.68 on Friday. The company has a market capitalization of $24.44 billion, a PE ratio of 9.20, a P/E/G ratio of 1.82 and a beta of 1.88. 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 quick ratio of 1.54 and a current ratio of 2.13. The company has a 50 day moving average price of $29.32 and a 200-day moving average price of $32.86.

Halliburton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date was Wednesday, September 4th. Halliburton’s payout ratio is presently 22.59%.

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.