Halliburton (NYSE:HAL) Stock Position Decreased by Mather Group LLC.

Mather Group LLC. cut its stake in shares of Halliburton (NYSE:HAL) by 9.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,134 shares of the oilfield services company’s stock after selling 901 shares during the period. Mather Group LLC.’s holdings in Halliburton were worth $248,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of HAL. Mediolanum International Funds Ltd raised its holdings in Halliburton by 48.2% during the 4th quarter. Mediolanum International Funds Ltd now owns 71,797 shares of the oilfield services company’s stock worth $1,931,000 after buying an additional 23,340 shares during the period. Cary Street Partners Asset Management LLC increased its position in shares of Halliburton by 56.5% in the third quarter. Cary Street Partners Asset Management LLC now owns 157,085 shares of the oilfield services company’s stock worth $4,563,000 after acquiring an additional 56,707 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of Halliburton by 23.1% during the third quarter. Pacer Advisors Inc. now owns 16,782,174 shares of the oilfield services company’s stock valued at $487,522,000 after acquiring an additional 3,150,986 shares during the period. Quest Partners LLC lifted its position in shares of Halliburton by 2,418.9% in the 3rd quarter. Quest Partners LLC now owns 78,387 shares of the oilfield services company’s stock valued at $2,277,000 after acquiring an additional 75,275 shares in the last quarter. Finally, Semanteon Capital Management LP acquired a new position in Halliburton in the 3rd quarter worth approximately $1,181,000. 85.23% of the stock is owned by hedge funds and other institutional investors.

Halliburton Trading Down 3.1 %

NYSE:HAL opened at $25.47 on Friday. The company’s 50 day moving average is $28.00 and its 200-day moving average is $29.50. The company has a quick ratio of 1.54, a current ratio of 2.05 and a debt-to-equity ratio of 0.68. Halliburton has a 12 month low of $25.21 and a 12 month high of $41.56. The firm has a market cap of $22.37 billion, a price-to-earnings ratio of 9.00, a P/E/G ratio of 3.60 and a beta of 1.89.

Halliburton (NYSE:HAL) last announced its earnings results on Thursday, November 7th. The oilfield services company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.02). Halliburton had a return on equity of 26.03% and a net margin of 10.90%. The firm had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.83 billion. During the same quarter last year, the business earned $0.79 EPS. The business’s revenue was down 1.8% compared to the same quarter last year. Equities analysts anticipate that Halliburton will post 2.67 EPS for the current year.

Halliburton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 26th. Investors of record on Wednesday, December 4th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend was Wednesday, December 4th. Halliburton’s dividend payout ratio (DPR) is presently 24.03%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. JPMorgan Chase & Co. decreased their target price on Halliburton from $35.00 to $33.00 and set an “overweight” rating for the company in a research report on Thursday, January 2nd. Stifel Nicolaus decreased their price objective on Halliburton from $42.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Raymond James downgraded Halliburton from a “strong-buy” rating to a “market perform” rating in a report on Monday, January 6th. Bank of America decreased their price target on shares of Halliburton from $40.00 to $38.00 and set a “buy” rating for the company in a report on Monday, October 14th. Finally, Jefferies Financial Group dropped their price objective on shares of Halliburton from $43.00 to $41.00 and set a “buy” rating on the stock in a research note on Friday, January 3rd. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, Halliburton has an average rating of “Moderate Buy” and a consensus target price of $37.42.

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.