Optimum Investment Advisors lessened its position in shares of Halliburton Company (NYSE:HAL) by 44.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,542 shares of the oilfield services company’s stock after selling 9,060 shares during the quarter. Optimum Investment Advisors’ holdings in Halliburton were worth $531,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. BB&T Securities LLC increased its position in Halliburton by 25.3% during the 2nd quarter. BB&T Securities LLC now owns 56,135 shares of the oilfield services company’s stock worth $2,397,000 after purchasing an additional 11,334 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its position in Halliburton by 16.4% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 24,885 shares of the oilfield services company’s stock worth $1,063,000 after purchasing an additional 3,510 shares in the last quarter. LMR Partners LLP purchased a new stake in Halliburton during the 2nd quarter worth about $2,388,000. Airain ltd increased its position in Halliburton by 31.8% during the 2nd quarter. Airain ltd now owns 491,492 shares of the oilfield services company’s stock worth $20,992,000 after purchasing an additional 118,512 shares in the last quarter. Finally, Swiss National Bank increased its position in Halliburton by 3.4% during the 2nd quarter. Swiss National Bank now owns 3,167,697 shares of the oilfield services company’s stock worth $135,292,000 after purchasing an additional 104,500 shares in the last quarter. 79.95% of the stock is owned by institutional investors and hedge funds.
A number of analysts recently commented on HAL shares. Jefferies Group set a $56.00 price objective on Halliburton and gave the stock a “buy” rating in a research report on Monday, August 28th. ValuEngine cut Halliburton from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Sanford C. Bernstein reiterated an “outperform” rating and set a $53.00 price objective on shares of Halliburton in a research report on Wednesday, September 6th. J P Morgan Chase & Co dropped their price objective on Halliburton from $60.00 to $55.00 and set an “overweight” rating for the company in a research report on Tuesday, September 12th. Finally, Zacks Investment Research cut Halliburton from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company’s stock. Halliburton has a consensus rating of “Buy” and an average price target of $57.51.
Halliburton Company (NYSE:HAL) traded down $0.35 on Friday, reaching $44.41. The company’s stock had a trading volume of 7,172,800 shares, compared to its average volume of 8,777,228. The company has a quick ratio of 1.67, a current ratio of 2.20 and a debt-to-equity ratio of 1.13. The stock has a market cap of $39,054.93, a PE ratio of 61.31, a price-to-earnings-growth ratio of 4.83 and a beta of 1.03. Halliburton Company has a 52 week low of $38.18 and a 52 week high of $58.78.
Halliburton (NYSE:HAL) last posted its quarterly earnings results on Monday, October 23rd. The oilfield services company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.38 by $0.04. The company had revenue of $5.44 billion during the quarter, compared to analysts’ expectations of $5.35 billion. Halliburton had a return on equity of 6.93% and a net margin of 1.13%. The firm’s revenue was up 42.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.01 EPS. equities research analysts predict that Halliburton Company will post 1.16 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, December 7th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend is Wednesday, December 6th. Halliburton’s dividend payout ratio is currently 300.01%.
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Halliburton Company Profile
Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.
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