MML Investors Services LLC Acquires 1,369 Shares of Halliburton (NYSE:HAL)

MML Investors Services LLC grew its holdings in shares of Halliburton (NYSE:HAL) by 3.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 40,505 shares of the oilfield services company’s stock after acquiring an additional 1,369 shares during the period. MML Investors Services LLC’s holdings in Halliburton were worth $1,177,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. XTX Topco Ltd raised its stake in shares of Halliburton by 17.0% during the third quarter. XTX Topco Ltd now owns 81,151 shares of the oilfield services company’s stock valued at $2,357,000 after acquiring an additional 11,796 shares during the last quarter. National Bank of Canada FI raised its stake in shares of Halliburton by 84.1% during the third quarter. National Bank of Canada FI now owns 454,004 shares of the oilfield services company’s stock valued at $13,189,000 after acquiring an additional 207,452 shares during the last quarter. Goldstream Capital Management Ltd bought a new position in shares of Halliburton during the third quarter valued at $242,000. iA Global Asset Management Inc. raised its stake in shares of Halliburton by 42.2% during the third quarter. iA Global Asset Management Inc. now owns 90,859 shares of the oilfield services company’s stock valued at $2,639,000 after acquiring an additional 26,969 shares during the last quarter. Finally, EP Wealth Advisors LLC raised its stake in shares of Halliburton by 76.5% during the third quarter. EP Wealth Advisors LLC now owns 13,657 shares of the oilfield services company’s stock valued at $397,000 after acquiring an additional 5,918 shares during the last quarter. Institutional investors own 85.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on HAL. Dbs Bank began coverage on shares of Halliburton in a research note on Wednesday, September 18th. They set a “buy” rating and a $45.00 target price for the company. Bank of America lowered their target price on shares of Halliburton from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Raymond James lowered their target price on shares of Halliburton from $41.00 to $37.00 and set a “strong-buy” rating for the company in a research note on Friday, November 8th. Stifel Nicolaus lowered their target price on shares of Halliburton from $45.00 to $42.00 and set a “buy” rating for the company in a research note on Friday, October 11th. Finally, Barclays reissued an “equal weight” rating and set a $33.00 target price (down previously from $43.00) on shares of Halliburton in a research note on Wednesday. Six analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $39.79.

Halliburton Stock Down 3.8 %

Shares of NYSE HAL opened at $26.15 on Thursday. The stock has a market capitalization of $22.97 billion, a P/E ratio of 9.11, a P/E/G ratio of 3.61 and a beta of 1.90. The company has a 50-day moving average price of $29.55 and a 200-day moving average price of $31.12. Halliburton has a 1 year low of $26.11 and a 1 year high of $41.56. 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 released its quarterly earnings results on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share 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 analysts’ expectations of $5.83 billion. During the same quarter last year, the firm posted $0.79 earnings per share. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. On average, equities research analysts forecast that Halliburton will post 3 EPS for the current fiscal year.

Halliburton Announces Dividend

The company also recently declared 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 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend is Wednesday, December 4th. Halliburton’s dividend payout ratio (DPR) is presently 23.69%.

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.