40,642 Shares in Halliburton (NYSE:HAL) Purchased by Semanteon Capital Management LP

Semanteon Capital Management LP bought a new position in shares of Halliburton (NYSE:HAL) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 40,642 shares of the oilfield services company’s stock, valued at approximately $1,181,000. Halliburton accounts for approximately 0.8% of Semanteon Capital Management LP’s investment portfolio, making the stock its 26th biggest holding.

Other large investors also recently bought and sold shares of the company. Country Trust Bank acquired a new position in Halliburton in the third quarter valued at approximately $36,000. Bruce G. Allen Investments LLC lifted its holdings in Halliburton by 274.9% in the second quarter. Bruce G. Allen Investments LLC now owns 1,121 shares of the oilfield services company’s stock valued at $38,000 after acquiring an additional 822 shares during the period. ORG Wealth Partners LLC acquired a new position in Halliburton in the third quarter valued at approximately $44,000. Crewe Advisors LLC acquired a new position in Halliburton in the first quarter valued at approximately $46,000. Finally, Beacon Capital Management LLC raised its stake in shares of Halliburton by 28.8% during the 1st quarter. Beacon Capital Management LLC now owns 1,382 shares of the oilfield services company’s stock worth $54,000 after buying an additional 309 shares during the period. 85.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on HAL shares. Barclays decreased their target price on Halliburton from $48.00 to $47.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Dbs Bank started coverage on Halliburton in a research report on Wednesday, September 18th. They set a “buy” rating and a $45.00 target price on the stock. The Goldman Sachs Group decreased their target price on Halliburton from $47.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Johnson Rice upgraded Halliburton to a “moderate buy” rating in a research report on Friday, July 19th. Finally, Evercore ISI decreased their target price on Halliburton from $52.00 to $48.00 and set an “outperform” rating on the stock in a research report on Monday, July 22nd. Four investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $41.74.

Halliburton Trading Down 2.1 %

Shares of HAL traded down $0.59 during midday trading on Monday, reaching $27.66. The company had a trading volume of 629,327 shares, compared to its average volume of 7,897,884. Halliburton has a 1-year low of $27.26 and a 1-year high of $41.56. The stock has a market cap of $24.42 billion, a PE ratio of 9.39, a price-to-earnings-growth ratio of 1.86 and a beta of 1.88. The firm has a 50 day simple moving average of $29.69 and a 200-day simple moving average of $33.19. 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 business also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend was Wednesday, September 4th. Halliburton’s dividend payout ratio (DPR) is presently 22.59%.

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.