Halliburton (NYSE:HAL) Shares Bought by D.A. Davidson & CO.

D.A. Davidson & CO. lifted its stake in shares of Halliburton (NYSE:HAL) by 5.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,643 shares of the oilfield services company’s stock after acquiring an additional 1,274 shares during the period. D.A. Davidson & CO.’s holdings in Halliburton were worth $774,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in HAL. Qsemble Capital Management LP acquired a new stake in shares of Halliburton during the 3rd quarter worth about $4,909,000. Bank of Montreal Can lifted its stake in shares of Halliburton by 1.4% during the third quarter. Bank of Montreal Can now owns 902,208 shares of the oilfield services company’s stock valued at $25,848,000 after buying an additional 12,810 shares during the period. Brown Brothers Harriman & Co. boosted its position in Halliburton by 28.8% during the third 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. Fisher Asset Management LLC grew its stake in Halliburton by 20.0% in the 3rd quarter. Fisher Asset Management LLC now owns 508,889 shares of the oilfield services company’s stock worth $14,783,000 after acquiring an additional 84,796 shares during the period. Finally, Daiwa Securities Group Inc. raised its holdings in Halliburton by 11.6% in the 3rd quarter. Daiwa Securities Group Inc. now owns 108,054 shares of the oilfield services company’s stock valued at $3,139,000 after acquiring an additional 11,224 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Halliburton Stock Down 0.9 %

Shares of Halliburton stock opened at $31.56 on Tuesday. Halliburton has a 1-year low of $27.26 and a 1-year high of $41.56. The company has a market capitalization of $27.73 billion, a P/E ratio of 11.00, a PEG ratio of 3.92 and a beta of 1.89. The business’s fifty day moving average price is $29.72 and its two-hundred day moving average price is $31.77. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.21 and a quick ratio of 1.62.

Halliburton (NYSE:HAL) last announced its earnings results on Thursday, November 7th. The oilfield services company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.02). Halliburton had a return on equity of 28.33% and a net margin of 11.04%. The firm had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.83 billion. During the same period in the previous year, the firm earned $0.79 EPS. Halliburton’s revenue for the quarter was down 1.8% on a year-over-year basis. As a group, research analysts forecast that Halliburton will post 3 EPS for the current year.

Halliburton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Wednesday, December 4th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend is Wednesday, December 4th. Halliburton’s payout ratio is currently 23.69%.

Analyst Ratings Changes

HAL has been the topic of several analyst reports. Jefferies Financial Group decreased their price objective on Halliburton from $47.00 to $46.00 and set a “buy” rating on the stock in a report on Tuesday, September 24th. UBS Group lowered their price target on Halliburton from $41.00 to $37.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. BMO Capital Markets cut their price objective on shares of Halliburton from $40.00 to $38.00 and set a “market perform” rating on the stock in a report on Thursday, October 10th. Royal Bank of Canada downgraded shares of Halliburton from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from $44.00 to $37.00 in a report on Friday, September 13th. Finally, Bank of America cut their price target on shares of Halliburton from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Four analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $40.74.

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.