Banque Cantonale Vaudoise boosted its stake in Halliburton (NYSE:HAL - Free Report) by 171.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,852 shares of the oilfield services company's stock after purchasing an additional 19,496 shares during the quarter. Banque Cantonale Vaudoise's holdings in Halliburton were worth $896,000 as of its most recent filing with the SEC.
Several other large investors have also made changes to their positions in HAL. Price T Rowe Associates Inc. MD lifted its position in 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 worth $2,408,171,000 after acquiring an additional 19,237,784 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Halliburton by 17,317.6% in the 2nd quarter. Pacer Advisors Inc. now owns 13,631,188 shares of the oilfield services company's stock worth $460,462,000 after purchasing an additional 13,552,927 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Halliburton by 20.0% in the second quarter. Dimensional Fund Advisors LP now owns 10,087,115 shares of the oilfield services company's stock valued at $340,752,000 after buying an additional 1,681,620 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Halliburton by 1.2% in the second quarter. Bank of New York Mellon Corp now owns 7,342,857 shares of the oilfield services company's stock valued at $248,042,000 after purchasing an additional 83,894 shares during the period. Finally, Thrivent Financial for Lutherans raised its holdings in shares of Halliburton by 22.0% during the third quarter. Thrivent Financial for Lutherans now owns 5,520,383 shares of the oilfield services company's stock valued at $160,367,000 after buying an additional 995,649 shares during the last quarter. 85.23% of the stock is owned by hedge funds and other institutional investors.
HAL has been the topic of several analyst reports. Stifel Nicolaus lowered their target price on Halliburton from $45.00 to $42.00 and set a "buy" rating on the stock in a research report on Friday, October 11th. Susquehanna cut their price objective on Halliburton from $42.00 to $40.00 and set a "positive" rating for the company in a research report on Friday, November 8th. Barclays lowered their price target on Halliburton from $47.00 to $43.00 and set an "overweight" rating on the stock in a report on Friday, November 8th. Benchmark reiterated a "buy" rating and set a $40.00 price target on shares of Halliburton in a report on Friday, November 8th. Finally, Bank of America cut their price objective on Halliburton from $40.00 to $38.00 and set a "buy" rating on the stock in a research note on Monday, October 14th. Four investment 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 company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $40.74.
Check Out Our Latest Stock Analysis on HAL
Shares of HAL opened at $31.99 on Friday. The company has a current ratio of 2.21, a quick ratio of 1.62 and a debt-to-equity ratio of 0.74. The stock has a 50 day simple moving average of $29.37 and a 200-day simple moving average of $32.07. Halliburton has a 1 year low of $27.26 and a 1 year high of $41.56. The stock has a market cap of $28.10 billion, a PE ratio of 11.15, a PEG ratio of 3.75 and a beta of 1.89.
Halliburton (NYSE:HAL - Get Free Report) last posted its earnings results on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.75 by ($0.02). The firm had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.83 billion. Halliburton had a net margin of 11.04% and a return on equity of 28.33%. The business's revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.79 EPS. On average, sell-side analysts predict that Halliburton will post 3.01 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Wednesday, December 4th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $0.68 annualized dividend and a dividend yield of 2.13%. Halliburton's dividend payout ratio (DPR) is currently 23.69%.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Halliburton, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Halliburton wasn't on the list.
While Halliburton currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.