Hayden Royal LLC Buys New Position in Halliburton (NYSE:HAL)

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Hayden Royal LLC bought a new stake in shares of Halliburton (NYSE:HAL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 11,449 shares of the oilfield services company’s stock, valued at approximately $273,000.

Several other large investors also recently made changes to their positions in the stock. Ellis Investment Partners LLC purchased a new position in Halliburton in the first quarter worth $25,000. American Research & Management Co. purchased a new position in Halliburton in the first quarter worth $29,000. Paragon Capital Management LLC purchased a new position in Halliburton in the first quarter worth $29,000. Barnett & Company Inc. purchased a new position in Halliburton in the first quarter worth $29,000. Finally, Asset Planning Services Ltd. boosted its position in Halliburton by 903.2% in the second quarter. Asset Planning Services Ltd. now owns 1,254 shares of the oilfield services company’s stock worth $29,000 after purchasing an additional 1,129 shares during the last quarter. 78.42% of the stock is currently owned by institutional investors.

Shares of NYSE HAL opened at $19.48 on Wednesday. Halliburton has a one year low of $19.10 and a one year high of $42.57. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.26 and a quick ratio of 1.59. The company’s fifty day moving average price is $22.21. The stock has a market cap of $17.56 billion, a PE ratio of 10.25, a PEG ratio of 2.30 and a beta of 1.30.

Halliburton (NYSE:HAL) last issued its quarterly earnings results on Monday, July 22nd. The oilfield services company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. Halliburton had a return on equity of 13.76% and a net margin of 5.58%. The firm had revenue of $5.93 billion for the quarter, compared to analysts’ expectations of $5.97 billion. During the same quarter in the prior year, the firm earned $0.58 EPS. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. As a group, research analysts forecast that Halliburton will post 1.33 earnings per share for the current fiscal year.

Several research firms have weighed in on HAL. Bank of America reissued a “buy” rating and issued a $32.00 price objective (down previously from $42.00) on shares of Halliburton in a research report on Tuesday, June 25th. ValuEngine cut Halliburton from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 1st. Stephens cut their price objective on Halliburton from $45.00 to $35.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 23rd. Seaport Global Securities set a $49.00 price objective on Halliburton and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. Finally, SunTrust Banks cut their price objective on Halliburton to $39.00 and set an “average” rating on the stock in a research report on Tuesday, April 23rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $39.78.

About Halliburton

Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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