Massachusetts Financial Services Co. MA Sells 27,799 Shares of Halliburton (NYSE:HAL)

Massachusetts Financial Services Co. MA lowered its stake in shares of Halliburton (NYSE:HAL) by 0.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,141,054 shares of the oilfield services company’s stock after selling 27,799 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Halliburton were worth $91,248,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. EP Wealth Advisors LLC increased its position in Halliburton by 15.8% during the first quarter. EP Wealth Advisors LLC now owns 7,966 shares of the oilfield services company’s stock valued at $314,000 after acquiring an additional 1,089 shares during the last quarter. BOKF NA raised its position in Halliburton by 3.8% in the 1st quarter. BOKF NA now owns 54,101 shares of the oilfield services company’s stock worth $2,160,000 after purchasing an additional 1,985 shares during the period. Bayesian Capital Management LP bought a new stake in Halliburton in the first quarter worth about $374,000. Janus Henderson Group PLC boosted its position in shares of Halliburton by 131.8% during the first quarter. Janus Henderson Group PLC now owns 278,194 shares of the oilfield services company’s stock valued at $10,963,000 after buying an additional 158,169 shares during the period. Finally, Jacobs Levy Equity Management Inc. purchased a new position in shares of Halliburton during the first quarter valued at approximately $1,616,000. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Analyst Ratings Changes

HAL has been the topic of a number of recent analyst reports. Barclays reduced their target price on Halliburton from $47.00 to $43.00 and set an “overweight” rating on the stock in a research note on Friday, November 8th. BMO Capital Markets decreased their price objective 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. Susquehanna dropped their target price on shares of Halliburton from $42.00 to $40.00 and set a “positive” rating on the stock in a research note on Friday, November 8th. Morgan Stanley decreased their price target on shares of Halliburton from $35.00 to $34.00 and set an “overweight” rating for the company in a research note on Monday, November 18th. Finally, Stifel Nicolaus dropped their price objective on Halliburton from $45.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. Four equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $40.74.

Halliburton Stock Performance

Shares of HAL stock opened at $31.94 on Friday. Halliburton has a 12-month low of $27.26 and a 12-month high of $41.56. The business’s fifty day simple moving average is $29.45 and its 200-day simple moving average is $32.00. The company has a current ratio of 2.21, a quick ratio of 1.62 and a debt-to-equity ratio of 0.74. The company has a market cap of $28.06 billion, a PE ratio of 11.13, a PEG ratio of 3.92 and a beta of 1.89.

Halliburton (NYSE:HAL) last announced its earnings results on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share (EPS) 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 net margin of 11.04% and a return on equity of 28.33%. The company’s quarterly revenue was down 1.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.79 earnings per share. Analysts expect that Halliburton will post 3.01 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Wednesday, December 4th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend is Wednesday, December 4th. Halliburton’s dividend payout ratio (DPR) is presently 23.69%.

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.