Gateway Investment Advisers LLC Has $11.51 Million Holdings in Halliburton (NYSE:HAL)

Gateway Investment Advisers LLC trimmed its position in Halliburton (NYSE:HAL) by 12.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 423,385 shares of the oilfield services company’s stock after selling 62,523 shares during the period. Gateway Investment Advisers LLC’s holdings in Halliburton were worth $11,512,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Pacer Advisors Inc. raised its holdings in Halliburton by 17,317.6% in the 2nd quarter. Pacer Advisors Inc. now owns 13,631,188 shares of the oilfield services company’s stock valued at $460,462,000 after buying an additional 13,552,927 shares during the last quarter. Franklin Resources Inc. increased its position in Halliburton by 244.5% in the 3rd quarter. Franklin Resources Inc. now owns 4,513,560 shares of the oilfield services company’s stock valued at $138,025,000 after acquiring an additional 3,203,224 shares during the period. Thompson Siegel & Walmsley LLC bought a new position in shares of Halliburton during the third quarter valued at $55,132,000. Thrivent Financial for Lutherans lifted its holdings in shares of Halliburton by 22.0% during the third quarter. Thrivent Financial for Lutherans now owns 5,520,383 shares of the oilfield services company’s stock worth $160,367,000 after purchasing an additional 995,649 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in shares of Halliburton by 127.2% during the second quarter. AQR Capital Management LLC now owns 1,557,130 shares of the oilfield services company’s stock worth $52,600,000 after purchasing an additional 871,789 shares during the period. Institutional investors and hedge funds own 85.23% of the company’s stock.

Halliburton Trading Up 1.3 %

NYSE HAL opened at $29.28 on Friday. Halliburton has a 52 week low of $25.51 and a 52 week high of $41.56. The business has a 50 day moving average price of $28.93 and a 200-day moving average price of $30.19. The company has a quick ratio of 1.62, a current ratio of 2.21 and a debt-to-equity ratio of 0.74. The company has a market cap of $25.72 billion, a price-to-earnings ratio of 10.20, a P/E/G ratio of 3.36 and a beta of 1.91.

Halliburton (NYSE:HAL) last released its quarterly earnings data on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.02). The business had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.83 billion. Halliburton had a return on equity of 28.33% and a net margin of 11.04%. The business’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.79 EPS. As a group, equities analysts expect that Halliburton will post 2.99 earnings per share for the current fiscal year.

Halliburton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 26th. Shareholders of record on Wednesday, December 4th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $0.68 dividend on an annualized basis and a yield of 2.32%. Halliburton’s dividend payout ratio (DPR) is currently 23.69%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Raymond James lowered Halliburton from a “strong-buy” rating to a “market perform” rating in a research report on Monday, January 6th. Wells Fargo & Company decreased their price target on Halliburton from $39.00 to $34.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. Evercore ISI cut their price objective on Halliburton from $43.00 to $35.00 and set an “outperform” rating on the stock in a research note on Wednesday. Stifel Nicolaus decreased their target price on shares of Halliburton from $45.00 to $42.00 and set a “buy” rating for the company in a research report on Friday, October 11th. Finally, BMO Capital Markets lowered their price target on shares of Halliburton from $40.00 to $38.00 and set a “market perform” rating for the company in a report on Thursday, October 10th. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, Halliburton currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.26.

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.