Halliburton (NYSE:HAL) Shares Sold by Geller Advisors LLC

Geller Advisors LLC reduced its position in Halliburton (NYSE:HAL) by 30.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,526 shares of the oilfield services company’s stock after selling 9,345 shares during the quarter. Geller Advisors LLC’s holdings in Halliburton were worth $625,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Pacer Advisors Inc. grew its stake in Halliburton by 23.1% during the 3rd quarter. Pacer Advisors Inc. now owns 16,782,174 shares of the oilfield services company’s stock worth $487,522,000 after buying an additional 3,150,986 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Halliburton by 20.0% during the second quarter. Dimensional Fund Advisors LP now owns 10,087,115 shares of the oilfield services company’s stock worth $340,752,000 after acquiring an additional 1,681,620 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Halliburton by 1.2% during the second quarter. Bank of New York Mellon Corp now owns 7,342,857 shares of the oilfield services company’s stock valued at $248,042,000 after acquiring an additional 83,894 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Halliburton by 2.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,742,352 shares of the oilfield services company’s stock valued at $166,815,000 after acquiring an additional 115,504 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its position in shares of Halliburton by 22.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 5,520,383 shares of the oilfield services company’s stock valued at $160,367,000 after purchasing an additional 995,649 shares during the last quarter. 85.23% of the stock is owned by institutional investors and hedge funds.

Halliburton Price Performance

Halliburton stock opened at $28.78 on Monday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.62 and a current ratio of 2.21. The company’s fifty day moving average price is $29.87 and its 200 day moving average price is $31.53. The stock has a market capitalization of $25.28 billion, a P/E ratio of 10.03, a P/E/G ratio of 3.56 and a beta of 1.90. Halliburton has a 1 year low of $27.26 and a 1 year high of $41.56.

Halliburton (NYSE:HAL) last released its earnings results on Thursday, November 7th. The oilfield services company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.02). The company had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.83 billion. Halliburton had a return on equity of 28.33% and a net margin of 11.04%. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.79 EPS. As a group, equities research analysts anticipate that Halliburton will post 3 earnings per share for the current fiscal year.

Halliburton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Wednesday, December 4th will be issued a dividend of $0.17 per share. The ex-dividend date is Wednesday, December 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.36%. Halliburton’s payout ratio is currently 23.69%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. BMO Capital Markets cut their price target on shares of Halliburton from $40.00 to $38.00 and set a “market perform” rating on the stock in a research note on Thursday, October 10th. Barclays reduced their target price on Halliburton from $47.00 to $43.00 and set an “overweight” rating for the company in a research note on Friday, November 8th. UBS Group lowered their price target on Halliburton from $41.00 to $37.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. Susquehanna cut their price objective on Halliburton from $42.00 to $40.00 and set a “positive” rating on the stock in a report on Friday, November 8th. Finally, The Goldman Sachs Group decreased their target price on Halliburton from $47.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Four equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Halliburton has a consensus rating of “Moderate Buy” and an average price target of $40.74.

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.