Mutual of America Capital Management LLC Sells 5,057 Shares of Halliburton (NYSE:HAL)

Mutual of America Capital Management LLC trimmed its holdings in shares of Halliburton (NYSE:HAL) by 4.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 111,644 shares of the oilfield services company’s stock after selling 5,057 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Halliburton were worth $3,771,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Rise Advisors LLC bought a new stake in shares of Halliburton in the 1st quarter valued at about $26,000. Johnson Financial Group Inc. purchased a new position in Halliburton in the fourth quarter worth $33,000. Bruce G. Allen Investments LLC increased its position in shares of Halliburton by 274.9% during the second quarter. Bruce G. Allen Investments LLC now owns 1,121 shares of the oilfield services company’s stock worth $38,000 after purchasing an additional 822 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of Halliburton by 286.2% during the 4th quarter. Assetmark Inc. now owns 1,201 shares of the oilfield services company’s stock valued at $43,000 after purchasing an additional 890 shares during the last quarter. Finally, Crewe Advisors LLC acquired a new stake in shares of Halliburton in the 1st quarter worth $46,000. 85.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on HAL. Royal Bank of Canada cut Halliburton from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from $44.00 to $37.00 in a research note on Friday, September 13th. Benchmark reaffirmed a “buy” rating and issued a $42.00 price objective on shares of Halliburton in a research report on Monday, July 22nd. Dbs Bank began coverage on shares of Halliburton in a research report on Wednesday, September 18th. They set a “buy” rating and a $45.00 target price on the stock. The Goldman Sachs Group decreased their price target on shares of Halliburton from $47.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Finally, UBS Group dropped their price objective on shares of Halliburton from $41.00 to $37.00 and set a “buy” rating on the stock in a report on Wednesday, September 18th. Three investment 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. According to data from MarketBeat, Halliburton currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.17.

Insiders Place Their Bets

In other news, EVP Van H. Beckwith sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $36.75, for a total value of $367,500.00. Following the completion of the sale, the executive vice president now directly owns 273,908 shares in the company, valued at $10,066,119. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.61% of the stock is currently owned by company insiders.

Halliburton Trading Down 0.2 %

Shares of NYSE:HAL opened at $29.47 on Monday. The company has a market capitalization of $26.09 billion, a PE ratio of 10.20, a PEG ratio of 0.95 and a beta of 1.89. Halliburton has a 12-month low of $27.52 and a 12-month high of $43.85. The business has a 50 day moving average of $31.48 and a two-hundred day moving average of $34.83. The company has a current ratio of 2.13, a quick ratio of 1.54 and a debt-to-equity ratio of 0.76.

Halliburton (NYSE:HAL) last released its quarterly earnings results on Friday, July 19th. The oilfield services company reported $0.80 EPS for the quarter, meeting the consensus estimate of $0.80. The company had revenue of $5.83 billion for the quarter, compared to analyst estimates of $5.95 billion. Halliburton had a net margin of 11.61% and a return on equity of 29.97%. The firm’s revenue was up .6% on a year-over-year basis. During the same quarter last year, the business earned $0.77 earnings per share. As a group, analysts forecast that Halliburton will post 3.14 EPS for the current year.

Halliburton Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th will be issued a $0.17 dividend. The ex-dividend date is Wednesday, September 4th. This represents a $0.68 dividend on an annualized basis and a yield of 2.31%. Halliburton’s payout ratio is 23.53%.

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.