OneDigital Investment Advisors LLC Purchases New Stake in Halliburton Company $HAL

OneDigital Investment Advisors LLC acquired a new position in Halliburton Company (NYSE:HAL) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 15,421 shares of the oilfield services company’s stock, valued at approximately $524,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Halliburton by 7.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 92,754 shares of the oilfield services company’s stock valued at $2,353,000 after purchasing an additional 6,507 shares during the period. Woodline Partners LP grew its position in shares of Halliburton by 39.0% during the 1st quarter. Woodline Partners LP now owns 73,341 shares of the oilfield services company’s stock worth $1,861,000 after buying an additional 20,583 shares during the period. Focus Partners Wealth grew its position in shares of Halliburton by 25.0% during the 1st quarter. Focus Partners Wealth now owns 52,045 shares of the oilfield services company’s stock worth $1,320,000 after buying an additional 10,408 shares during the period. Intech Investment Management LLC raised its stake in shares of Halliburton by 309.1% during the first quarter. Intech Investment Management LLC now owns 68,946 shares of the oilfield services company’s stock worth $1,749,000 after buying an additional 52,092 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new stake in shares of Halliburton during the first quarter worth approximately $895,000. 85.23% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Halliburton news, CFO Eric Carre sold 24,778 shares of the business’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $35.89, for a total value of $889,282.42. Following the completion of the transaction, the chief financial officer directly owned 148,520 shares of the company’s stock, valued at approximately $5,330,382.80. The trade was a 14.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.57% of the company’s stock.

Halliburton Trading Up 0.1%

HAL opened at $34.77 on Wednesday. The firm’s fifty day moving average is $34.21 and its two-hundred day moving average is $36.48. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.50 and a current ratio of 2.02. The firm has a market cap of $28.97 billion, a PE ratio of 18.20, a price-to-earnings-growth ratio of 2.15 and a beta of 0.73. Halliburton Company has a twelve month low of $20.78 and a twelve month high of $43.59.

Halliburton (NYSE:HAL) last announced its quarterly earnings results on Tuesday, July 21st. The oilfield services company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. Halliburton had a net margin of 7.16% and a return on equity of 18.71%. The company had revenue of $5.71 billion for the quarter, compared to analysts’ expectations of $5.50 billion. During the same period last year, the firm posted $0.55 earnings per share. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. Equities research analysts anticipate that Halliburton Company will post 2.34 EPS for the current year.

Halliburton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 3rd were issued a dividend of $0.17 per share. The ex-dividend date was Wednesday, June 3rd. This represents a $0.68 annualized dividend and a yield of 2.0%. Halliburton’s payout ratio is currently 35.60%.

Analysts Set New Price Targets

Several brokerages have commented on HAL. Barclays dropped their target price on shares of Halliburton from $55.00 to $53.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Zephirin Group lifted their price objective on Halliburton from $30.00 to $31.00 and gave the stock a “sell” rating in a research note on Wednesday, April 22nd. Argus dropped their price objective on Halliburton from $45.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. Rothschild & Co Redburn upped their price objective on Halliburton from $40.00 to $49.00 and gave the company a “buy” rating in a report on Friday, May 15th. Finally, Griffin Securities raised Halliburton from a “neutral” rating to a “buy” rating and set a $47.00 target price on the stock in a research note on Wednesday, April 22nd. Eighteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $43.10.

About Halliburton

Halliburton is one of the world’s largest providers of products and services to the energy industry, offering a broad portfolio that supports the lifecycle of oil and gas reservoirs from exploration and drilling through production and abandonment. Founded in 1919 by Erle P. Halliburton as an oil-well cementing company, the firm is headquartered in Houston, Texas and has developed into an integrated oilfield services company serving upstream operators globally.

The company’s activities encompass drilling and evaluation, well construction and completion, production enhancement and well intervention.