Halliburton (NYSE:HAL) Shares Sold by Golden State Equity Partners

Golden State Equity Partners lowered its position in Halliburton (NYSE:HAL) by 6.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,152 shares of the oilfield services company’s stock after selling 573 shares during the quarter. Golden State Equity Partners’ holdings in Halliburton were worth $222,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in HAL. MidWestOne Financial Group Inc. grew its position in shares of Halliburton by 4.4% during the 3rd quarter. MidWestOne Financial Group Inc. now owns 8,610 shares of the oilfield services company’s stock valued at $250,000 after buying an additional 359 shares during the last quarter. Public Sector Pension Investment Board grew its position in shares of Halliburton by 0.3% during the 3rd quarter. Public Sector Pension Investment Board now owns 154,210 shares of the oilfield services company’s stock valued at $4,480,000 after buying an additional 390 shares during the last quarter. Brown Brothers Harriman & Co. grew its position in shares of Halliburton by 28.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company’s stock valued at $51,000 after buying an additional 393 shares during the last quarter. Northwest Bank & Trust Co grew its position in shares of Halliburton by 3.2% during the 3rd quarter. Northwest Bank & Trust Co now owns 12,979 shares of the oilfield services company’s stock valued at $377,000 after buying an additional 397 shares during the last quarter. Finally, HBW Advisory Services LLC grew its position in shares of Halliburton by 3.9% during the 4th quarter. HBW Advisory Services LLC now owns 10,504 shares of the oilfield services company’s stock valued at $286,000 after buying an additional 397 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. JPMorgan Chase & Co. decreased their target price on shares of Halliburton from $35.00 to $33.00 and set an “overweight” rating for the company in a research report on Thursday, January 2nd. Barclays decreased their target price on shares of Halliburton from $32.00 to $30.00 and set an “equal weight” rating for the company in a research report on Thursday, January 23rd. Benchmark decreased their target price on shares of Halliburton from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Susquehanna decreased their target price on shares of Halliburton from $42.00 to $40.00 and set a “positive” rating for the company in a research report on Friday, November 8th. Finally, Wells Fargo & Company decreased their target price on shares of Halliburton from $39.00 to $34.00 and set an “overweight” rating for the company in a research report on Tuesday, December 17th. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $37.42.

Halliburton Stock Up 3.3 %

Shares of NYSE:HAL opened at $26.35 on Wednesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05. The company has a market cap of $23.14 billion, a PE ratio of 9.31, a price-to-earnings-growth ratio of 3.60 and a beta of 1.89. Halliburton has a 52 week low of $25.21 and a 52 week high of $41.56. The firm has a 50 day simple moving average of $28.22 and a 200 day simple moving average of $29.58.

Halliburton (NYSE:HAL) last issued its quarterly 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). The firm had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.83 billion. Halliburton had a net margin of 10.90% and a return on equity of 26.03%. The firm’s revenue was down 1.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.79 EPS. As a group, research analysts expect that Halliburton will post 2.67 earnings per share for the current year.

Halliburton Announces Dividend

The company 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. The ex-dividend date was Wednesday, December 4th. This represents a $0.68 annualized dividend and a dividend yield of 2.58%. Halliburton’s dividend payout ratio (DPR) is presently 24.03%.

Halliburton Company 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.