Halliburton (NYSE:HAL) Holdings Lifted by UBS Group AG

UBS Group AG boosted its position in shares of Halliburton (NYSE:HALFree Report) by 6.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 2,237,806 shares of the oilfield services company’s stock after buying an additional 137,222 shares during the quarter. UBS Group AG’s holdings in Halliburton were worth $90,631,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HAL. First Capital Advisors Group LLC. bought a new position in Halliburton during the second quarter valued at about $26,000. Quarry LP bought a new position in Halliburton during the first quarter valued at about $34,000. KB Financial Partners LLC bought a new position in Halliburton during the first quarter valued at about $35,000. ST Germain D J Co. Inc. bought a new position in Halliburton during the second quarter valued at about $37,000. Finally, Ogorek Anthony Joseph NY ADV increased its stake in Halliburton by 1,134.6% during the third quarter. Ogorek Anthony Joseph NY ADV now owns 1,000 shares of the oilfield services company’s stock valued at $40,000 after acquiring an additional 919 shares during the period. 82.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on HAL shares. Atb Cap Markets lowered Halliburton from an “outperform” rating to a “sector perform” rating in a research note on Friday, December 22nd. TD Cowen upped their price objective on Halliburton from $49.00 to $51.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Royal Bank of Canada reiterated an “outperform” rating and issued a $45.00 price objective on shares of Halliburton in a research note on Wednesday, January 24th. StockNews.com lowered Halliburton from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. Finally, Barclays lowered their price objective on Halliburton from $55.00 to $54.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 24th. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Halliburton presently has a consensus rating of “Moderate Buy” and a consensus target price of $48.63.

Get Our Latest Stock Report on Halliburton

Halliburton Stock Down 1.5 %

Shares of HAL opened at $34.51 on Monday. Halliburton has a one year low of $27.84 and a one year high of $43.85. The company has a market cap of $30.72 billion, a P/E ratio of 11.78, a P/E/G ratio of 0.86 and a beta of 2.01. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.06 and a quick ratio of 1.48. The firm has a 50 day simple moving average of $35.50 and a two-hundred day simple moving average of $38.30.

Halliburton (NYSE:HALGet Free Report) last announced its quarterly earnings data on Tuesday, January 23rd. The oilfield services company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.80 by $0.06. Halliburton had a net margin of 11.46% and a return on equity of 31.59%. The business had revenue of $5.74 billion during the quarter, compared to the consensus estimate of $5.78 billion. During the same period in the previous year, the business earned $0.72 earnings per share. The company’s revenue was up 2.8% on a year-over-year basis. Research analysts forecast that Halliburton will post 3.43 EPS for the current fiscal year.

Halliburton Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th will be given a dividend of $0.17 per share. This is an increase from Halliburton’s previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Tuesday, March 5th. Halliburton’s payout ratio is currently 21.84%.

Halliburton Profile

(Free Report)

Halliburton Company provides products and services to the energy industry worldwide. It operates in 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; 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; production solutions comprising coiled tubing, hydraulic workover units, downhole tools, and pumping and nitrogen services; and pipeline and process services, such as pre-commissioning, commissioning, maintenance, and decommissioning.

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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