Halliburton (NYSE:HAL) Shares Sold by Bridgewater Associates LP

Bridgewater Associates LP cut its holdings in shares of Halliburton (NYSE:HAL) by 62.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 60,424 shares of the oilfield services company’s stock after selling 99,809 shares during the period. Bridgewater Associates LP’s holdings in Halliburton were worth $1,755,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Bruce G. Allen Investments LLC lifted its stake in Halliburton by 274.9% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 1,121 shares of the oilfield services company’s stock valued at $38,000 after buying an additional 822 shares in the last quarter. Country Trust Bank purchased a new position in Halliburton in the 3rd quarter valued at about $36,000. ORG Wealth Partners LLC purchased a new position in Halliburton in the 3rd quarter valued at about $44,000. Mattson Financial Services LLC purchased a new position in Halliburton in the 2nd quarter valued at about $54,000. Finally, Venturi Wealth Management LLC lifted its stake in Halliburton by 34.2% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock valued at $47,000 after buying an additional 412 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HAL has been the topic of a number of research reports. Barclays decreased their target price on shares of Halliburton from $47.00 to $43.00 and set an “overweight” rating on the stock in a research note on Friday, November 8th. UBS Group reduced their price target on shares of Halliburton from $41.00 to $37.00 and set a “buy” rating on the stock in a research report on Wednesday, September 18th. Benchmark reaffirmed a “buy” rating and set a $40.00 price target on shares of Halliburton in a research report on Friday, November 8th. Susquehanna reduced their price target on shares of Halliburton from $42.00 to $40.00 and set a “positive” rating on the stock in a research report on Friday, November 8th. Finally, Jefferies Financial Group reduced their price target on shares of Halliburton from $47.00 to $46.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. Four investment 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 stock. According to MarketBeat, Halliburton presently has an average rating of “Moderate Buy” and an average target price of $40.74.

Halliburton Stock Down 0.1 %

Halliburton stock opened at $31.86 on Monday. Halliburton has a twelve month low of $27.26 and a twelve month high of $41.56. The stock’s fifty day simple moving average is $29.72 and its 200-day simple moving average is $31.77. 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 firm has a market capitalization of $27.99 billion, a P/E ratio of 11.10, a P/E/G ratio of 3.92 and a beta of 1.89.

Halliburton (NYSE:HAL) last posted its quarterly earnings data on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.02). Halliburton had a return on equity of 28.33% and a net margin of 11.04%. The company had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.83 billion. During the same period in the prior year, the company posted $0.79 EPS. The firm’s revenue was down 1.8% compared to the same quarter last year. As a group, equities analysts expect that Halliburton will post 3 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The firm 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 $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.13%. The ex-dividend date is Wednesday, December 4th. Halliburton’s dividend payout ratio (DPR) is presently 23.69%.

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.