Halliburton (NYSE:HAL) Holdings Decreased by GDS Wealth Management

GDS Wealth Management decreased its position in shares of Halliburton (NYSE:HAL) by 4.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 107,955 shares of the oilfield services company’s stock after selling 5,431 shares during the period. GDS Wealth Management’s holdings in Halliburton were worth $2,935,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MidWestOne Financial Group Inc. increased its stake in Halliburton by 4.4% during the third quarter. MidWestOne Financial Group Inc. now owns 8,610 shares of the oilfield services company’s stock valued at $250,000 after acquiring an additional 359 shares during the period. Public Sector Pension Investment Board grew its stake in shares of Halliburton by 0.3% in the 3rd quarter. Public Sector Pension Investment Board now owns 154,210 shares of the oilfield services company’s stock valued at $4,480,000 after purchasing an additional 390 shares during the period. Brown Brothers Harriman & Co. grew its position in Halliburton by 28.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company’s stock worth $51,000 after acquiring an additional 393 shares during the last quarter. Northwest Bank & Trust Co grew its position in Halliburton by 3.2% during the 3rd quarter. Northwest Bank & Trust Co now owns 12,979 shares of the oilfield services company’s stock worth $377,000 after acquiring an additional 397 shares during the last quarter. Finally, HBW Advisory Services LLC grew its position in Halliburton by 3.9% during the 4th quarter. HBW Advisory Services LLC now owns 10,504 shares of the oilfield services company’s stock worth $286,000 after acquiring an additional 397 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Halliburton Price Performance

Shares of NYSE HAL opened at $25.52 on Tuesday. The stock has a market capitalization of $22.42 billion, a price-to-earnings ratio of 9.02, a PEG ratio of 3.60 and a beta of 1.91. The business has a 50-day moving average of $28.35 and a 200-day moving average of $29.65. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 1.54. Halliburton has a fifty-two week low of $25.27 and a fifty-two week high of $41.56.

Halliburton (NYSE:HAL) last issued 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). 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 quarter last year, the business posted $0.79 earnings per share. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. As a group, sell-side analysts predict that Halliburton will post 2.67 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 26th. Shareholders of record on Wednesday, December 4th were given a dividend of $0.17 per share. The ex-dividend date was Wednesday, December 4th. This represents a $0.68 annualized dividend and a yield of 2.66%. Halliburton’s dividend payout ratio (DPR) is presently 24.03%.

Analyst Upgrades and Downgrades

HAL has been the topic of several research reports. Barclays reduced their price objective on Halliburton from $32.00 to $30.00 and set an “equal weight” rating on the stock in a report on Thursday, January 23rd. Raymond James downgraded Halliburton from a “strong-buy” rating to a “market perform” rating in a research note on Monday, January 6th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $34.00 price objective on shares of Halliburton in a research note on Thursday, January 23rd. Stifel Nicolaus dropped their price objective on Halliburton from $42.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. Finally, Evercore ISI lowered their target price on Halliburton from $43.00 to $35.00 and set an “outperform” rating for the company in a report on Wednesday, January 15th. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $37.42.

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.