SRS Capital Advisors Inc. Increases Stock Holdings in Halliburton (NYSE:HAL)

SRS Capital Advisors Inc. increased its holdings in shares of Halliburton (NYSE:HAL) by 392.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,159 shares of the oilfield services company’s stock after buying an additional 6,501 shares during the period. SRS Capital Advisors Inc.’s holdings in Halliburton were worth $222,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Smartleaf Asset Management LLC lifted its position in shares of Halliburton by 34.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,542 shares of the oilfield services company’s stock valued at $122,000 after buying an additional 1,159 shares in the last quarter. Metis Global Partners LLC lifted its position in shares of Halliburton by 31.8% during the 4th quarter. Metis Global Partners LLC now owns 63,947 shares of the oilfield services company’s stock valued at $1,739,000 after buying an additional 15,439 shares in the last quarter. US Bancorp DE lifted its position in shares of Halliburton by 5.9% during the 4th quarter. US Bancorp DE now owns 157,502 shares of the oilfield services company’s stock valued at $4,282,000 after buying an additional 8,780 shares in the last quarter. Argyle Capital Management LLC lifted its holdings in Halliburton by 5.3% in the 4th quarter. Argyle Capital Management LLC now owns 56,686 shares of the oilfield services company’s stock valued at $1,541,000 after purchasing an additional 2,861 shares in the last quarter. Finally, Anchor Capital Advisors LLC lifted its holdings in Halliburton by 15.3% in the 4th quarter. Anchor Capital Advisors LLC now owns 567,259 shares of the oilfield services company’s stock valued at $15,424,000 after purchasing an additional 75,151 shares in the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on HAL. Benchmark decreased their price objective on Halliburton from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. Susquehanna decreased their price objective on Halliburton from $42.00 to $40.00 and set a “positive” rating on the stock in a report on Friday, November 8th. JPMorgan Chase & Co. decreased their price objective on Halliburton from $35.00 to $33.00 and set an “overweight” rating on the stock in a report on Thursday, January 2nd. Barclays decreased their price objective on Halliburton from $32.00 to $30.00 and set an “equal weight” rating on the stock in a report on Thursday, January 23rd. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $34.00 price objective on shares of Halliburton in a report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, Halliburton currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.42.

Halliburton Stock Down 3.3 %

Shares of NYSE:HAL opened at $24.18 on Wednesday. The business has a 50-day moving average price of $26.95 and a 200 day moving average price of $28.63. The company has a current ratio of 2.05, a quick ratio of 1.54 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $20.99 billion, a price-to-earnings ratio of 8.54, a PEG ratio of 3.79 and a beta of 1.89. Halliburton has a 12-month low of $23.79 and a 12-month high of $41.56.

Halliburton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date is Wednesday, March 5th. Halliburton’s payout ratio is 24.03%.

Insider Buying and Selling

In other Halliburton news, CFO Eric Carre sold 141,206 shares of Halliburton stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $26.13, for a total value of $3,689,712.78. Following the completion of the transaction, the chief financial officer now directly owns 127,101 shares of the company’s stock, valued at $3,321,149.13. The trade was a 52.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.61% of the company’s stock.

Halliburton Company 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.