Meeder Advisory Services Inc. Has $765,000 Stake in Halliburton (NYSE:HAL)

Meeder Advisory Services Inc. grew its stake in shares of Halliburton (NYSE:HAL) by 27.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,656 shares of the oilfield services company’s stock after purchasing an additional 4,891 shares during the period. Meeder Advisory Services Inc.’s holdings in Halliburton were worth $765,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rise Advisors LLC bought a new stake in shares of Halliburton during the first quarter worth about $26,000. IAG Wealth Partners LLC bought a new stake in Halliburton during the 1st quarter worth approximately $30,000. Johnson Financial Group Inc. bought a new position in shares of Halliburton in the fourth quarter valued at approximately $33,000. Bruce G. Allen Investments LLC boosted its holdings in Halliburton by 274.9% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 1,121 shares of the oilfield services company’s stock worth $38,000 after acquiring an additional 822 shares during the last quarter. Finally, Assetmark Inc. grew its position in Halliburton by 286.2% in the 4th quarter. Assetmark Inc. now owns 1,201 shares of the oilfield services company’s stock worth $43,000 after purchasing an additional 890 shares in the last quarter. Institutional investors own 85.23% of the company’s stock.

Insider Buying and Selling at Halliburton

In other Halliburton news, EVP Van H. Beckwith sold 10,000 shares of the stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $36.75, for a total transaction of $367,500.00. Following the transaction, the executive vice president now directly owns 273,908 shares of the company’s stock, valued at $10,066,119. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.61% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. StockNews.com cut shares of Halliburton from a “buy” rating to a “hold” rating in a research note on Wednesday, July 3rd. JPMorgan Chase & Co. dropped their target price on shares of Halliburton from $45.00 to $40.00 and set an “overweight” rating for the company in a research report on Monday, July 22nd. Piper Sandler decreased their target price on shares of Halliburton from $46.00 to $40.00 and set an “overweight” rating on the stock in a research report on Monday, July 22nd. Susquehanna decreased their price objective on shares of Halliburton from $49.00 to $46.00 and set a “positive” rating on the stock in a research report on Monday, July 22nd. Finally, The Goldman Sachs Group cut their price target on shares of Halliburton from $47.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Three research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Halliburton currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.47.

Halliburton Price Performance

HAL opened at $27.87 on Friday. The stock has a market cap of $24.67 billion, a P/E ratio of 9.64, a PEG ratio of 0.95 and a beta of 1.89. The company has a quick ratio of 1.54, a current ratio of 2.13 and a debt-to-equity ratio of 0.76. Halliburton has a 52-week low of $27.52 and a 52-week high of $43.85. The business has a fifty day moving average of $31.90 and a 200 day moving average of $35.05.

Halliburton (NYSE:HAL) last issued its quarterly earnings data on Friday, July 19th. The oilfield services company reported $0.80 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.80. The firm had revenue of $5.83 billion during the quarter, compared to analysts’ expectations of $5.95 billion. Halliburton had a return on equity of 29.97% and a net margin of 11.61%. The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the prior year, the business posted $0.77 EPS. As a group, sell-side analysts anticipate that Halliburton will post 3.14 EPS for the current year.

Halliburton Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th will be issued a dividend of $0.17 per share. The ex-dividend date is Wednesday, September 4th. This represents a $0.68 annualized dividend and a dividend yield of 2.44%. Halliburton’s dividend payout ratio (DPR) is presently 23.53%.

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.