Halliburton (NYSE:HAL) Stake Lifted by Public Sector Pension Investment Board

Public Sector Pension Investment Board raised its stake in Halliburton (NYSE:HAL) by 0.3% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 154,210 shares of the oilfield services company’s stock after buying an additional 390 shares during the quarter. Public Sector Pension Investment Board’s holdings in Halliburton were worth $4,480,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Bruce G. Allen Investments LLC increased its holdings 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 during the period. Country Trust Bank bought a new position in Halliburton in the 3rd quarter worth about $36,000. ORG Wealth Partners LLC acquired a new stake in shares of Halliburton in the third quarter valued at approximately $44,000. Mattson Financial Services LLC bought a new stake in shares of Halliburton during the second quarter valued at approximately $54,000. Finally, Venturi Wealth Management LLC boosted its position in shares of Halliburton by 34.2% during the third quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock worth $47,000 after buying an additional 412 shares during the period. Institutional investors and hedge funds own 85.23% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Jefferies Financial Group lowered their target price on Halliburton from $47.00 to $46.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. Bank of America cut their price objective on shares of Halliburton from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. UBS Group decreased their target price on shares of Halliburton from $41.00 to $37.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. Stifel Nicolaus dropped their price target on shares of Halliburton from $45.00 to $42.00 and set a “buy” rating on the stock in a research report on Friday, October 11th. Finally, Raymond James decreased their price objective on shares of Halliburton from $41.00 to $37.00 and set a “strong-buy” rating for the company in a report on Friday, November 8th. Four research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $40.74.

Halliburton Trading Down 0.1 %

Shares of HAL opened at $31.86 on Monday. The company has a current ratio of 2.21, a quick ratio of 1.62 and a debt-to-equity ratio of 0.74. Halliburton has a 1-year low of $27.26 and a 1-year high of $41.56. The stock has a market capitalization of $27.99 billion, a P/E ratio of 11.10, a P/E/G ratio of 3.92 and a beta of 1.89. The business’s 50-day moving average price is $29.72 and its 200 day moving average price is $31.77.

Halliburton (NYSE:HAL) last released its quarterly earnings results on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.02). Halliburton had a net margin of 11.04% and a return on equity of 28.33%. The firm had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.83 billion. During the same quarter in the prior year, the firm earned $0.79 EPS. The firm’s revenue was down 1.8% compared to the same quarter last year. Analysts expect that Halliburton will post 3 earnings per share for the current year.

Halliburton Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Wednesday, December 4th will be given a $0.17 dividend. The ex-dividend date is Wednesday, December 4th. This represents a $0.68 annualized dividend and a dividend yield of 2.13%. Halliburton’s dividend payout ratio (DPR) is presently 23.69%.

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.