Entropy Technologies LP Has $1.94 Million Position in Halliburton Company $HAL

Entropy Technologies LP decreased its holdings in shares of Halliburton Company (NYSE:HAL) by 39.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 95,186 shares of the oilfield services company’s stock after selling 61,569 shares during the quarter. Entropy Technologies LP’s holdings in Halliburton were worth $1,940,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of HAL. Swiss National Bank lifted its stake in shares of Halliburton by 5.3% during the 2nd quarter. Swiss National Bank now owns 2,609,400 shares of the oilfield services company’s stock worth $53,180,000 after buying an additional 131,700 shares during the last quarter. Prudential PLC raised its holdings in Halliburton by 21.3% in the 2nd quarter. Prudential PLC now owns 440,541 shares of the oilfield services company’s stock valued at $8,978,000 after acquiring an additional 77,262 shares during the period. TD Waterhouse Canada Inc. lifted its position in Halliburton by 34.0% during the second quarter. TD Waterhouse Canada Inc. now owns 387,609 shares of the oilfield services company’s stock worth $8,213,000 after acquiring an additional 98,374 shares during the last quarter. Vanguard Group Inc. lifted its position in Halliburton by 1.6% during the second quarter. Vanguard Group Inc. now owns 105,363,599 shares of the oilfield services company’s stock worth $2,147,310,000 after acquiring an additional 1,617,696 shares during the last quarter. Finally, LSV Asset Management boosted its holdings in shares of Halliburton by 3.4% during the second quarter. LSV Asset Management now owns 6,321,400 shares of the oilfield services company’s stock worth $128,830,000 after acquiring an additional 208,356 shares during the period. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Redburn Partners set a $35.00 price target on Halliburton in a report on Monday, November 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Halliburton in a report on Wednesday, October 8th. HSBC set a $30.00 target price on shares of Halliburton and gave the company a “buy” rating in a research report on Wednesday, October 22nd. The Goldman Sachs Group raised their price target on shares of Halliburton from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Finally, Rothschild Redb raised shares of Halliburton to a “strong-buy” rating in a report on Monday, November 3rd. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $31.55.

Insider Activity at Halliburton

In other news, insider Mark Richard sold 160,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $27.77, for a total value of $4,443,200.00. Following the sale, the insider directly owned 452,374 shares in the company, valued at approximately $12,562,425.98. This trade represents a 26.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.56% of the company’s stock.

Halliburton Stock Performance

Shares of NYSE:HAL opened at $25.80 on Friday. Halliburton Company has a 1 year low of $18.72 and a 1 year high of $32.57. The stock has a market capitalization of $21.71 billion, a price-to-earnings ratio of 17.09 and a beta of 1.03. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.95 and a quick ratio of 1.43. The company’s 50 day simple moving average is $25.05 and its 200 day simple moving average is $22.67.

Halliburton (NYSE:HAL) last issued its earnings results on Tuesday, October 21st. The oilfield services company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.08. Halliburton had a return on equity of 20.12% and a net margin of 5.91%.The firm had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.39 billion. During the same quarter last year, the business posted $0.73 EPS. The company’s revenue was down 1.7% compared to the same quarter last year. As a group, research analysts predict that Halliburton Company will post 2.64 EPS for the current fiscal year.

Halliburton Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 3rd will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $0.68 annualized dividend and a yield of 2.6%. Halliburton’s payout ratio is presently 45.03%.

About Halliburton

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.