Manning & Napier Advisors LLC Decreases Stock Position in Halliburton (NYSE:HAL)

Manning & Napier Advisors LLC decreased its stake in shares of Halliburton (NYSE:HAL) by 3.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 298,411 shares of the oilfield services company’s stock after selling 11,407 shares during the quarter. Manning & Napier Advisors LLC’s holdings in Halliburton were worth $8,114,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Cary Street Partners Asset Management LLC increased its stake in shares of Halliburton by 56.5% during the third quarter. Cary Street Partners Asset Management LLC now owns 157,085 shares of the oilfield services company’s stock worth $4,563,000 after buying an additional 56,707 shares during the period. Pacer Advisors Inc. increased its position in shares of Halliburton by 23.1% in the 3rd quarter. Pacer Advisors Inc. now owns 16,782,174 shares of the oilfield services company’s stock valued at $487,522,000 after purchasing an additional 3,150,986 shares during the last quarter. Quest Partners LLC raised its holdings in shares of Halliburton by 2,418.9% in the 3rd quarter. Quest Partners LLC now owns 78,387 shares of the oilfield services company’s stock valued at $2,277,000 after purchasing an additional 75,275 shares in the last quarter. Semanteon Capital Management LP purchased a new stake in shares of Halliburton during the 3rd quarter worth $1,181,000. Finally, Sage Capital Advisors llc acquired a new position in shares of Halliburton during the fourth quarter worth $7,469,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on HAL shares. BMO Capital Markets cut their price target on Halliburton from $40.00 to $38.00 and set a “market perform” rating on the stock in a research note on Thursday, October 10th. Morgan Stanley decreased their target price on Halliburton from $35.00 to $34.00 and set an “overweight” rating for the company in a research note on Monday, November 18th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $34.00 price target on shares of Halliburton in a research note on Thursday, January 23rd. Jefferies Financial Group reduced their price objective on shares of Halliburton from $43.00 to $41.00 and set a “buy” rating for the company in a research report on Friday, January 3rd. Finally, Evercore ISI dropped their target price on shares of Halliburton from $43.00 to $35.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 15th. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, Halliburton presently has a consensus rating of “Moderate Buy” and an average target price of $37.42.

Halliburton Trading Down 1.1 %

NYSE:HAL opened at $26.35 on Thursday. Halliburton has a 12-month low of $25.51 and a 12-month high of $41.56. The company has a current ratio of 2.05, a quick ratio of 1.62 and a debt-to-equity ratio of 0.68. The stock’s 50 day simple moving average is $28.67 and its 200-day simple moving average is $29.85. The firm has a market cap of $23.14 billion, a P/E ratio of 9.31, a PEG ratio of 3.58 and a beta of 1.91.

Halliburton (NYSE:HAL) last announced its quarterly earnings data 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). Halliburton had a net margin of 10.90% and a return on equity of 26.03%. The firm had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.83 billion. During the same period in the prior year, the firm posted $0.79 earnings per share. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. Equities analysts anticipate that Halliburton will post 2.94 EPS for the current year.

Halliburton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 26th. Investors of record on Wednesday, December 4th were given a $0.17 dividend. The ex-dividend date was Wednesday, December 4th. This represents a $0.68 dividend on an annualized basis and a yield of 2.58%. Halliburton’s payout ratio is currently 24.03%.

Halliburton 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.