Crossmark Global Holdings Inc. Raises Stock Holdings in Halliburton (NYSE:HAL)

Crossmark Global Holdings Inc. grew its stake in shares of Halliburton (NYSE:HAL) by 4.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 48,305 shares of the oilfield services company’s stock after acquiring an additional 1,928 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Halliburton were worth $1,404,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Bruce G. Allen Investments LLC boosted its holdings in Halliburton by 274.9% in the second quarter. Bruce G. Allen Investments LLC now owns 1,121 shares of the oilfield services company’s stock worth $38,000 after purchasing an additional 822 shares during the last quarter. Crewe Advisors LLC bought a new stake in shares of Halliburton in the first quarter worth $46,000. Country Trust Bank purchased a new stake in Halliburton during the third quarter valued at $36,000. Beacon Capital Management LLC lifted its holdings in Halliburton by 28.8% in the first quarter. Beacon Capital Management LLC now owns 1,382 shares of the oilfield services company’s stock valued at $54,000 after acquiring an additional 309 shares during the period. Finally, ORG Wealth Partners LLC bought a new stake in shares of Halliburton during the 3rd quarter valued at about $44,000. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. BMO Capital Markets lowered their price objective on shares of Halliburton from $40.00 to $38.00 and set a “market perform” rating on the stock in a research note on Thursday, October 10th. TD Cowen cut their price objective on shares of Halliburton from $47.00 to $45.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. The Goldman Sachs Group lowered their target price on Halliburton from $47.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Royal Bank of Canada cut Halliburton from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from $44.00 to $37.00 in a research report on Friday, September 13th. Finally, Barclays cut their price objective on Halliburton from $47.00 to $43.00 and set an “overweight” rating for the company in a research note on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $40.79.

Halliburton Stock Performance

NYSE:HAL opened at $30.19 on Thursday. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.21 and a quick ratio of 1.62. The company has a market cap of $26.52 billion, a price-to-earnings ratio of 10.52, a PEG ratio of 3.70 and a beta of 1.89. Halliburton has a 1 year low of $27.26 and a 1 year high of $41.56. The stock’s 50 day simple moving average is $29.09 and its two-hundred day simple moving average is $32.33.

Halliburton (NYSE:HAL) last released its quarterly earnings results on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.02). Halliburton had a net margin of 11.04% and a return on equity of 28.33%. The business had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.83 billion. During the same period in the previous year, the company earned $0.79 EPS. Halliburton’s revenue for the quarter was down 1.8% compared to the same quarter last year. As a group, equities analysts anticipate that Halliburton will post 3.02 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $0.68 dividend on an annualized basis and a yield of 2.25%. Halliburton’s dividend payout ratio (DPR) is presently 23.69%.

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.