Park National Corp OH Boosts Stake in Halliburton (NYSE:HAL)

Park National Corp OH increased its position in Halliburton (NYSE:HAL) by 3.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 156,212 shares of the oilfield services company’s stock after purchasing an additional 4,838 shares during the period. Park National Corp OH’s holdings in Halliburton were worth $2,945,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Regent Investment Management LLC raised its stake in Halliburton by 4.2% during the 2nd quarter. Regent Investment Management LLC now owns 11,150 shares of the oilfield services company’s stock valued at $254,000 after acquiring an additional 445 shares during the last quarter. EagleClaw Capital Managment LLC raised its stake in Halliburton by 1.7% during the 2nd quarter. EagleClaw Capital Managment LLC now owns 29,426 shares of the oilfield services company’s stock valued at $669,000 after acquiring an additional 500 shares during the last quarter. ELCO Management Co. LLC raised its stake in Halliburton by 1.0% during the 2nd quarter. ELCO Management Co. LLC now owns 48,310 shares of the oilfield services company’s stock valued at $1,099,000 after acquiring an additional 500 shares during the last quarter. Lee Financial Co raised its stake in Halliburton by 17.9% during the 2nd quarter. Lee Financial Co now owns 3,558 shares of the oilfield services company’s stock valued at $81,000 after acquiring an additional 539 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its stake in Halliburton by 0.6% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 92,441 shares of the oilfield services company’s stock valued at $2,102,000 after acquiring an additional 543 shares during the last quarter. 77.60% of the stock is owned by institutional investors and hedge funds.

Several analysts have commented on the company. AltaCorp Capital reaffirmed a “sector perform” rating on shares of Halliburton in a research note on Thursday, June 20th. Zacks Investment Research raised Halliburton from a “sell” rating to a “hold” rating and set a $20.00 target price for the company in a research note on Wednesday, July 24th. Bank of America cut their target price on Halliburton from $24.00 to $23.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Cowen reissued an “outperform” rating and set a $35.00 target price (up from $33.00) on shares of Halliburton in a research note on Tuesday, July 23rd. Finally, Stephens cut their target price on Halliburton from $45.00 to $35.00 and set an “overweight” rating for the company in a research note on Tuesday, July 23rd. Eight investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Halliburton currently has an average rating of “Buy” and an average target price of $36.64.

Shares of HAL traded up $0.07 on Thursday, reaching $18.24. The stock had a trading volume of 243,405 shares, compared to its average volume of 14,769,387. The firm has a market capitalization of $16.51 billion, a PE ratio of 9.62, a PEG ratio of 2.28 and a beta of 1.37. The company has a quick ratio of 1.59, a current ratio of 2.26 and a debt-to-equity ratio of 1.16. The firm has a 50-day moving average of $19.21 and a 200 day moving average of $23.67. Halliburton has a twelve month low of $16.97 and a twelve month high of $42.57.

Halliburton (NYSE:HAL) last released its quarterly earnings results on Monday, July 22nd. The oilfield services company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. The business had revenue of $5.93 billion for the quarter, compared to analysts’ expectations of $5.97 billion. Halliburton had a return on equity of 13.76% and a net margin of 5.58%. The company’s revenue was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.58 EPS. On average, sell-side analysts anticipate that Halliburton will post 1.3 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date was Tuesday, September 3rd. Halliburton’s dividend payout ratio is currently 37.89%.

In other news, Director William E. Albrecht purchased 8,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were acquired at an average price of $19.35 per share, for a total transaction of $154,800.00. Following the acquisition, the director now directly owns 16,000 shares in the company, valued at approximately $309,600. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.61% of the company’s stock.

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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