Mutual of America Capital Management LLC Cuts Stock Position in Halliburton (NYSE:HAL)

Mutual of America Capital Management LLC trimmed its holdings in shares of Halliburton (NYSE:HAL) by 2.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 108,696 shares of the oilfield services company’s stock after selling 2,948 shares during the period. Mutual of America Capital Management LLC’s holdings in Halliburton were worth $3,158,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in HAL. Empowered Funds LLC boosted its position in shares of Halliburton by 16.5% in the third quarter. Empowered Funds LLC now owns 257,107 shares of the oilfield services company’s stock worth $7,469,000 after buying an additional 36,503 shares during the period. Empirical Finance LLC lifted its position in Halliburton by 1.7% during the 3rd quarter. Empirical Finance LLC now owns 46,651 shares of the oilfield services company’s stock worth $1,355,000 after acquiring an additional 762 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in Halliburton by 8.1% in the 3rd quarter. CIBC Asset Management Inc now owns 128,895 shares of the oilfield services company’s stock worth $3,744,000 after acquiring an additional 9,611 shares during the period. OneDigital Investment Advisors LLC grew its position in Halliburton by 8.9% in the third quarter. OneDigital Investment Advisors LLC now owns 8,795 shares of the oilfield services company’s stock valued at $255,000 after acquiring an additional 717 shares in the last quarter. Finally, KBC Group NV raised its stake in shares of Halliburton by 43.0% during the third quarter. KBC Group NV now owns 79,190 shares of the oilfield services company’s stock valued at $2,300,000 after purchasing an additional 23,805 shares during the period. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Halliburton Trading Up 0.2 %

Shares of NYSE HAL opened at $31.94 on Friday. The company has a market cap of $28.06 billion, a price-to-earnings ratio of 11.13, a price-to-earnings-growth ratio of 3.75 and a beta of 1.89. The stock’s 50 day simple moving average is $29.45 and its 200 day simple moving average is $32.04. The company has a current ratio of 2.21, a quick ratio of 1.62 and a debt-to-equity ratio of 0.74. Halliburton has a 12-month low of $27.26 and a 12-month high of $41.56.

Halliburton (NYSE:HAL) last announced its quarterly earnings results on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.02). Halliburton had a net margin of 11.04% and a return on equity of 28.33%. The firm had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.83 billion. During the same period last year, the firm posted $0.79 EPS. The business’s revenue was down 1.8% compared to the same quarter last year. Equities research analysts expect that Halliburton will post 3.01 EPS for the current year.

Halliburton Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Wednesday, December 4th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend is Wednesday, December 4th. Halliburton’s dividend payout ratio (DPR) is 23.69%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on HAL shares. Benchmark reaffirmed a “buy” rating and set a $40.00 price target on shares of Halliburton in a report on Friday, November 8th. The Goldman Sachs Group dropped their target price on Halliburton from $47.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Wells Fargo & Company reduced their price target on Halliburton from $46.00 to $39.00 and set an “overweight” rating for the company in a report on Wednesday, September 25th. Jefferies Financial Group dropped 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. Finally, Royal Bank of Canada cut Halliburton from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from $44.00 to $37.00 in a research note on Friday, September 13th. Four investment 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. Based on data from MarketBeat, the stock has an average 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.