U S Global Investors Inc. Invests $76,000 in Halliburton Company (NYSE:HAL)

U S Global Investors Inc. purchased a new position in shares of Halliburton Company (NYSE:HAL) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,000 shares of the oilfield services company’s stock, valued at approximately $76,000.

Several other hedge funds have also made changes to their positions in HAL. Mascagni Wealth Management Inc. acquired a new stake in shares of Halliburton during the fourth quarter worth about $28,000. Horrell Capital Management Inc. acquired a new stake in Halliburton in the fourth quarter valued at approximately $33,000. Vermillion Wealth Management Inc. acquired a new stake in Halliburton in the fourth quarter valued at approximately $39,000. Blume Capital Management Inc. raised its holdings in Halliburton by 33.3% in the fourth quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company’s stock valued at $44,000 after acquiring an additional 400 shares in the last quarter. Finally, Versant Capital Management Inc raised its holdings in Halliburton by 830.5% in the first quarter. Versant Capital Management Inc now owns 2,047 shares of the oilfield services company’s stock valued at $52,000 after acquiring an additional 1,827 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Analyst Upgrades and Downgrades

HAL has been the topic of several analyst reports. Wells Fargo & Company raised their target price on shares of Halliburton from $27.00 to $28.00 and gave the company an “overweight” rating in a report on Thursday, June 5th. UBS Group reduced their target price on shares of Halliburton from $23.00 to $22.00 and set a “neutral” rating on the stock in a report on Thursday, April 24th. Citigroup reduced their target price on shares of Halliburton from $33.00 to $31.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. Stifel Nicolaus reduced their target price on shares of Halliburton from $37.00 to $32.00 and set a “buy” rating on the stock in a report on Wednesday, April 23rd. Finally, Barclays reduced their target price on shares of Halliburton from $29.00 to $26.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 23rd. Eight research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $33.58.

Halliburton Stock Performance

Shares of Halliburton stock opened at $20.58 on Friday. The firm’s fifty day simple moving average is $20.79 and its 200-day simple moving average is $24.01. The stock has a market capitalization of $17.69 billion, a price-to-earnings ratio of 8.61, a PEG ratio of 3.22 and a beta of 1.14. Halliburton Company has a 12 month low of $18.72 and a 12 month high of $37.08. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.98 and a quick ratio of 1.46.

Halliburton (NYSE:HAL) last announced its earnings results on Tuesday, April 22nd. The oilfield services company reported $0.60 EPS for the quarter, meeting analysts’ consensus estimates of $0.60. The business had revenue of $5.42 billion for the quarter, compared to analysts’ expectations of $5.28 billion. Halliburton had a net margin of 9.31% and a return on equity of 24.01%. As a group, equities analysts forecast that Halliburton Company will post 2.64 earnings per share for the current year.

Halliburton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th were issued a $0.17 dividend. The ex-dividend date was Wednesday, June 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.30%. Halliburton’s payout ratio is 28.45%.

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.