Comprehensive Financial Consultants Institutional Inc. Has $1.69 Million Stake in Halliburton (NYSE:HAL)

Comprehensive Financial Consultants Institutional Inc. raised its position in Halliburton (NYSE:HAL) by 2.0% in the third quarter, HoldingsChannel.com reports. The fund owned 58,085 shares of the oilfield services company’s stock after purchasing an additional 1,122 shares during the quarter. Comprehensive Financial Consultants Institutional Inc.’s holdings in Halliburton were worth $1,687,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. First Horizon Advisors Inc. lifted its stake in Halliburton by 2.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 14,027 shares of the oilfield services company’s stock valued at $474,000 after purchasing an additional 295 shares during the last quarter. Beacon Capital Management LLC raised its stake 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 buying an additional 309 shares during the period. Guinness Atkinson Asset Management Inc lifted its position in shares of Halliburton by 3.1% in the second quarter. Guinness Atkinson Asset Management Inc now owns 10,847 shares of the oilfield services company’s stock valued at $366,000 after buying an additional 330 shares during the last quarter. Moody National Bank Trust Division boosted its stake in shares of Halliburton by 2.9% during the 2nd quarter. Moody National Bank Trust Division now owns 11,842 shares of the oilfield services company’s stock worth $400,000 after acquiring an additional 336 shares during the period. Finally, Northwest Bank & Trust Co increased its holdings in shares of Halliburton by 3.2% during the 3rd quarter. Northwest Bank & Trust Co now owns 12,979 shares of the oilfield services company’s stock worth $377,000 after acquiring an additional 397 shares during the last quarter. Institutional investors own 85.23% of the company’s stock.

Halliburton Trading Down 3.1 %

Shares of Halliburton stock opened at $29.55 on Friday. The firm’s 50-day moving average price is $29.17 and its two-hundred day moving average price is $32.62. The company has a market capitalization of $26.09 billion, a price-to-earnings ratio of 9.82, a PEG ratio of 1.85 and a beta of 1.89. 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 has a 12-month low of $27.26 and a 12-month high of $41.56.

Halliburton Dividend Announcement

The company 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 was Wednesday, September 4th. This represents a $0.68 annualized dividend and a yield of 2.30%. Halliburton’s dividend payout ratio is currently 22.59%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Morgan Stanley cut their price target on Halliburton from $45.00 to $35.00 and set an “overweight” rating for the company in a report on Monday, September 16th. Benchmark restated a “buy” rating and set a $40.00 target price on shares of Halliburton in a research note on Friday. Piper Sandler decreased their price target on shares of Halliburton from $46.00 to $40.00 and set an “overweight” rating on the stock in a research note on Monday, July 22nd. Bank of America lowered their price target on shares of Halliburton from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Finally, Johnson Rice raised Halliburton to a “moderate buy” rating in a research report on Friday, July 19th. Four 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 company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $41.63.

Halliburton Company 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.