Gilliland Jeter Wealth Management LLC Purchases 7,145 Shares of Halliburton (NYSE:HAL)

Gilliland Jeter Wealth Management LLC grew its position in Halliburton (NYSE:HAL) by 34.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,037 shares of the oilfield services company’s stock after acquiring an additional 7,145 shares during the quarter. Gilliland Jeter Wealth Management LLC’s holdings in Halliburton were worth $762,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Continuum Advisory LLC increased its position in shares of Halliburton by 101.2% during the 3rd quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company’s stock valued at $42,000 after purchasing an additional 698 shares during the last quarter. Modus Advisors LLC bought a new position in shares of Halliburton during the 4th quarter valued at approximately $38,000. ORG Wealth Partners LLC bought a new position in shares of Halliburton during the 3rd quarter valued at approximately $44,000. Venturi Wealth Management LLC increased its position in shares of Halliburton by 34.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock valued at $47,000 after purchasing an additional 412 shares during the last quarter. Finally, Brown Brothers Harriman & Co. increased its position in shares of Halliburton by 28.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company’s stock valued at $51,000 after purchasing an additional 393 shares during the last quarter. Institutional investors own 85.23% of the company’s stock.

Halliburton Stock Down 3.1 %

Shares of HAL stock opened at $25.47 on Friday. The stock’s 50-day simple moving average is $28.00 and its 200-day simple moving average is $29.50. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05. The firm has a market capitalization of $22.37 billion, a PE ratio of 9.00, a P/E/G ratio of 3.60 and a beta of 1.89. Halliburton has a fifty-two week low of $25.21 and a fifty-two week high of $41.56.

Halliburton (NYSE:HAL) last issued its earnings results on Thursday, November 7th. The oilfield services company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.02). Halliburton had a return on equity of 26.03% and a net margin of 10.90%. The company had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.83 billion. During the same quarter in the previous year, the company earned $0.79 EPS. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. Equities analysts expect that Halliburton will post 2.67 earnings per share for the current year.

Halliburton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 26th. Stockholders of record on Wednesday, December 4th were paid a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.67%. Halliburton’s payout ratio is 24.03%.

Analysts Set New Price Targets

Several research firms have recently weighed in on HAL. Susquehanna decreased their target price on Halliburton from $42.00 to $40.00 and set a “positive” rating for the company in a research report on Friday, November 8th. JPMorgan Chase & Co. decreased their target price on Halliburton from $35.00 to $33.00 and set an “overweight” rating for the company in a research report on Thursday, January 2nd. Jefferies Financial Group decreased their target price on Halliburton from $43.00 to $41.00 and set a “buy” rating for the company in a research report on Friday, January 3rd. BMO Capital Markets cut their price target on Halliburton from $40.00 to $38.00 and set a “market perform” rating on the stock in a research note on Thursday, October 10th. Finally, Piper Sandler started coverage on Halliburton in a research note on Thursday, December 19th. They set an “overweight” rating and a $36.00 price target on the stock. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $37.42.

About Halliburton

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.