Mraz Amerine & Associates Inc. Raises Holdings in Halliburton (NYSE:HAL)

Mraz Amerine & Associates Inc. boosted its position in shares of Halliburton (NYSE:HAL) by 51.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 38,771 shares of the oilfield services company’s stock after buying an additional 13,152 shares during the quarter. Mraz Amerine & Associates Inc.’s holdings in Halliburton were worth $1,126,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bruce G. Allen Investments LLC increased its stake 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 in the last quarter. Crewe Advisors LLC bought a new position in Halliburton during the first quarter valued at approximately $46,000. Country Trust Bank purchased a new position in shares of Halliburton in the 3rd quarter worth $36,000. Beacon Capital Management LLC lifted its holdings 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 acquiring an additional 309 shares during the period. Finally, ORG Wealth Partners LLC bought a new position in shares of Halliburton in the 3rd quarter worth approximately $44,000. 85.23% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Citigroup lowered their price target on shares of Halliburton from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, June 28th. Dbs Bank assumed coverage on Halliburton in a research report on Wednesday, September 18th. They issued a “buy” rating and a $45.00 target price on the stock. Susquehanna reduced their price target on shares of Halliburton from $46.00 to $42.00 and set a “positive” rating on the stock in a research report on Friday, October 11th. Evercore ISI lowered their price target on shares of Halliburton from $52.00 to $48.00 and set an “outperform” rating for the company in a report on Monday, July 22nd. Finally, The Goldman Sachs Group decreased their price objective on Halliburton from $47.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Four research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Halliburton presently has an average rating of “Moderate Buy” and a consensus price target of $41.74.

Halliburton Trading Up 0.2 %

NYSE HAL opened at $27.86 on Friday. The stock has a market capitalization of $24.66 billion, a PE ratio of 9.64, a price-to-earnings-growth ratio of 1.04 and a beta of 1.88. The firm has a 50 day moving average of $29.82 and a two-hundred day moving average of $33.43. Halliburton has a 52 week low of $27.51 and a 52 week high of $41.56. 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 Announces Dividend

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

Halliburton 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.