Mather Group LLC. Has $370,000 Stake in Halliburton (NYSE:HAL)

Mather Group LLC. lifted its holdings in shares of Halliburton (NYSE:HAL) by 7.2% during the second quarter, HoldingsChannel reports. The firm owned 10,961 shares of the oilfield services company’s stock after acquiring an additional 734 shares during the quarter. Mather Group LLC.’s holdings in Halliburton were worth $370,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Franklin Resources Inc. lifted its holdings in shares of Halliburton by 19.1% in the fourth quarter. Franklin Resources Inc. now owns 1,179,579 shares of the oilfield services company’s stock valued at $42,642,000 after purchasing an additional 189,324 shares in the last quarter. Cerity Partners LLC raised its stake in shares of Halliburton by 69.5% during the 4th quarter. Cerity Partners LLC now owns 206,692 shares of the oilfield services company’s stock worth $7,472,000 after purchasing an additional 84,771 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Halliburton by 319.0% during the first quarter. EverSource Wealth Advisors LLC now owns 36,956 shares of the oilfield services company’s stock worth $1,385,000 after buying an additional 28,137 shares during the last quarter. KLCM Advisors Inc. raised its position in Halliburton by 6.9% during the fourth quarter. KLCM Advisors Inc. now owns 490,230 shares of the oilfield services company’s stock worth $17,722,000 after acquiring an additional 31,534 shares in the last quarter. Finally, Mediolanum International Funds Ltd acquired a new stake in Halliburton in the first quarter valued at $1,908,000. Institutional investors own 85.23% of the company’s stock.

Halliburton Trading Up 0.4 %

Shares of NYSE HAL traded up $0.13 during trading on Wednesday, reaching $31.06. The company had a trading volume of 3,188,158 shares, compared to its average volume of 7,539,818. The company’s fifty day moving average price is $33.92 and its 200-day moving average price is $36.02. Halliburton has a 12 month low of $30.31 and a 12 month high of $43.85. The stock has a market cap of $27.50 billion, a P/E ratio of 10.91, a PEG ratio of 1.12 and a beta of 1.93. 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 (NYSE:HAL) last announced its earnings results on Friday, July 19th. The oilfield services company reported $0.80 EPS for the quarter, meeting the consensus estimate of $0.80. Halliburton had a return on equity of 29.97% and a net margin of 11.61%. The company had revenue of $5.83 billion for the quarter, compared to analyst estimates of $5.95 billion. During the same quarter in the prior year, the company earned $0.77 EPS. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. As a group, research analysts expect that Halliburton will post 3.18 earnings per share for the current year.

Halliburton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Wednesday, June 5th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.19%. The ex-dividend date was Wednesday, June 5th. Halliburton’s dividend payout ratio (DPR) is presently 23.53%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HAL. Stifel Nicolaus dropped their target price on shares of Halliburton from $47.00 to $46.00 and set a “buy” rating on the stock in a report on Tuesday, July 16th. TD Cowen dropped their price objective on Halliburton from $47.00 to $45.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Bank of America reduced their target price on Halliburton from $41.00 to $40.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Barclays dropped their price target on Halliburton from $54.00 to $48.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 23rd. Finally, UBS Group lifted their price objective on shares of Halliburton from $46.00 to $51.00 and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. Two analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Halliburton currently has an average rating of “Moderate Buy” and an average target price of $45.35.

Insider Activity

In other Halliburton news, EVP Van H. Beckwith sold 10,000 shares of the company’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $36.75, for a total value of $367,500.00. Following the completion of the sale, the executive vice president now directly owns 273,908 shares of the company’s stock, valued at approximately $10,066,119. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.61% of the stock is currently owned by corporate insiders.

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.