Halliburton (NYSE:HAL) Stock Position Lessened by Doheny Asset Management CA

Doheny Asset Management CA lowered its position in shares of Halliburton (NYSE:HAL) by 20.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,603 shares of the oilfield services company’s stock after selling 4,850 shares during the quarter. Doheny Asset Management CA’s holdings in Halliburton were worth $628,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Scientech Research LLC bought a new position in Halliburton during the second quarter valued at about $365,000. Mackenzie Financial Corp boosted its stake in Halliburton by 105.2% during the second quarter. Mackenzie Financial Corp now owns 186,961 shares of the oilfield services company’s stock valued at $6,316,000 after buying an additional 95,864 shares in the last quarter. MBB Public Markets I LLC bought a new position in Halliburton during the second quarter valued at about $2,248,000. AQR Capital Management LLC boosted its stake in Halliburton by 127.2% during the second quarter. AQR Capital Management LLC now owns 1,557,130 shares of the oilfield services company’s stock valued at $52,600,000 after buying an additional 871,789 shares in the last quarter. Finally, Toronto Dominion Bank boosted its stake in Halliburton by 4.3% during the second quarter. Toronto Dominion Bank now owns 529,086 shares of the oilfield services company’s stock valued at $17,873,000 after buying an additional 21,880 shares in the last quarter. Institutional investors own 85.23% of the company’s stock.

Halliburton Stock Up 3.0 %

HAL opened at $28.65 on Friday. Halliburton has a fifty-two week low of $27.52 and a fifty-two week high of $43.85. The business has a 50-day moving average of $30.82 and a 200-day moving average of $34.59. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.13 and a quick ratio of 1.54. The company has a market capitalization of $25.36 billion, a PE ratio of 9.91, a price-to-earnings-growth ratio of 1.02 and a beta of 1.89.

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

Halliburton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend was Wednesday, September 4th. Halliburton’s dividend payout ratio (DPR) is currently 23.53%.

Insiders Place Their Bets

In other Halliburton news, EVP Van H. Beckwith sold 10,000 shares of the firm’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 owns 273,908 shares in the company, valued at approximately $10,066,119. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

HAL has been the subject of several analyst reports. Stifel Nicolaus reduced their target price on Halliburton from $47.00 to $46.00 and set a “buy” rating for the company in a report on Tuesday, July 16th. TD Cowen reduced their target price on Halliburton from $47.00 to $45.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Citigroup reduced their target price on Halliburton from $50.00 to $45.00 and set a “buy” rating for the company in a report on Friday, June 28th. Bank of America reduced their target price on Halliburton from $41.00 to $40.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Finally, JPMorgan Chase & Co. reduced their target price on Halliburton from $45.00 to $40.00 and set an “overweight” rating for the company in a report on Monday, July 22nd. Three equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Halliburton presently has an average rating of “Moderate Buy” and a consensus target price of $42.56.

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.