Hedeker Wealth LLC Has $2.71 Million Holdings in Halliburton (NYSE:HAL)

Hedeker Wealth LLC trimmed its position in shares of Halliburton (NYSE:HAL) by 1.7% during the third quarter, Holdings Channel.com reports. The firm owned 93,306 shares of the oilfield services company’s stock after selling 1,632 shares during the period. Hedeker Wealth LLC’s holdings in Halliburton were worth $2,711,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Country Trust Bank bought a new stake in Halliburton during the 3rd quarter valued at $36,000. Bruce G. Allen Investments LLC raised its holdings in shares of Halliburton by 274.9% in 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. ORG Wealth Partners LLC acquired a new stake in shares of Halliburton in the 3rd quarter worth about $44,000. Crewe Advisors LLC bought a new position in Halliburton in the 1st quarter valued at about $46,000. Finally, Beacon Capital Management LLC boosted its stake in Halliburton by 28.8% during the 1st quarter. Beacon Capital Management LLC now owns 1,382 shares of the oilfield services company’s stock valued at $54,000 after purchasing an additional 309 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

HAL has been the subject of several analyst reports. The Goldman Sachs Group lowered their price objective on Halliburton from $47.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Bank of America lowered their price target on Halliburton from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Barclays cut their price objective on shares of Halliburton from $48.00 to $47.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Royal Bank of Canada downgraded shares of Halliburton from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from $44.00 to $37.00 in a report on Friday, September 13th. Finally, Stifel Nicolaus cut their price target on shares of Halliburton from $45.00 to $42.00 and set a “buy” rating on the stock in a report on Friday, October 11th. Four analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Halliburton currently has a consensus rating of “Moderate Buy” and an average price target of $41.74.

Halliburton Stock Performance

HAL traded down $0.04 during trading hours on Tuesday, hitting $27.85. The stock had a trading volume of 1,250,260 shares, compared to its average volume of 7,898,156. Halliburton has a 1 year low of $27.26 and a 1 year high of $41.56. The company’s fifty day simple moving average is $29.61 and its 200 day simple moving average is $33.10. The stock has a market cap of $24.59 billion, a PE ratio of 9.65, a price-to-earnings-growth ratio of 1.86 and a beta of 1.88. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend was Wednesday, September 4th. Halliburton’s dividend payout ratio (DPR) is currently 23.53%.

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.