Frank Rimerman Advisors LLC Decreases Position in Halliburton (NYSE:HAL)

Frank Rimerman Advisors LLC decreased its position in shares of Halliburton (NYSE:HAL) by 10.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,912 shares of the oilfield services company’s stock after selling 1,761 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Halliburton were worth $462,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in HAL. Price T Rowe Associates Inc. MD increased its position in shares of Halliburton by 46.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 61,090,055 shares of the oilfield services company’s stock valued at $2,408,171,000 after purchasing an additional 19,237,784 shares during the last quarter. Pacer Advisors Inc. increased its holdings in Halliburton by 17,317.6% during the second quarter. Pacer Advisors Inc. now owns 13,631,188 shares of the oilfield services company’s stock valued at $460,462,000 after buying an additional 13,552,927 shares during the last quarter. LSV Asset Management raised its position in Halliburton by 24,954.1% in the second quarter. LSV Asset Management now owns 2,730,900 shares of the oilfield services company’s stock worth $92,250,000 after acquiring an additional 2,720,000 shares during the period. Vanguard Group Inc. boosted its stake in shares of Halliburton by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 100,274,105 shares of the oilfield services company’s stock worth $3,952,805,000 after acquiring an additional 2,618,740 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Halliburton by 20.0% during the 2nd 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. Institutional investors own 85.23% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on HAL shares. UBS Group decreased their price objective on Halliburton from $41.00 to $37.00 and set a “buy” rating on the stock in a research note on Wednesday, September 18th. Johnson Rice raised shares of Halliburton to a “moderate buy” rating in a report on Friday, July 19th. StockNews.com downgraded shares of Halliburton from a “buy” rating to a “hold” rating in a research report on Wednesday, July 3rd. TD Cowen cut their price target on Halliburton from $47.00 to $45.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Finally, The Goldman Sachs Group lowered their price objective on Halliburton from $47.00 to $40.00 and set a “buy” rating on the stock in a research 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 given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $41.74.

Halliburton Price Performance

NYSE HAL opened at $27.89 on Tuesday. Halliburton has a 12-month low of $27.26 and a 12-month high of $41.56. The firm’s fifty day simple moving average is $29.61 and its two-hundred day simple moving average is $33.10. The company has a current ratio of 2.13, a quick ratio of 1.54 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $24.62 billion, a P/E ratio of 9.27, a P/E/G ratio of 1.86 and a beta of 1.88.

Halliburton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th were issued a dividend of $0.17 per share. The ex-dividend date was Wednesday, September 4th. This represents a $0.68 annualized dividend and a yield of 2.44%. Halliburton’s dividend payout ratio (DPR) is 22.59%.

Halliburton Company 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.