International Assets Investment Management LLC Has $431,000 Stock Position in Halliburton (NYSE:HAL)

International Assets Investment Management LLC lessened its holdings in shares of Halliburton (NYSE:HAL) by 93.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 15,536 shares of the oilfield services company’s stock after selling 230,162 shares during the quarter. International Assets Investment Management LLC’s holdings in Halliburton were worth $431,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of HAL. Country Trust Bank acquired a new stake in shares of Halliburton in the third quarter valued at about $36,000. Continuum Advisory LLC increased its holdings in Halliburton by 101.2% in the 3rd quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company’s stock valued at $42,000 after buying an additional 698 shares during the period. Modus Advisors LLC acquired a new position in Halliburton during the fourth quarter worth about $38,000. ORG Wealth Partners LLC bought a new stake in Halliburton during the 3rd quarter worth $44,000. Finally, Mattson Financial Services LLC bought a new position in shares of Halliburton during the second quarter valued at $54,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Analyst Upgrades and Downgrades

HAL has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut their target price on Halliburton from $35.00 to $33.00 and set an “overweight” rating on the stock in a report on Thursday, January 2nd. Stifel Nicolaus decreased their price target on shares of Halliburton from $45.00 to $42.00 and set a “buy” rating on the stock in a report on Friday, October 11th. Susquehanna cut their target price on Halliburton from $42.00 to $40.00 and set a “positive” rating for the company in a research note on Friday, November 8th. Benchmark reaffirmed a “buy” rating and issued a $40.00 target price on shares of Halliburton in a research report on Friday, November 8th. Finally, Griffin Securities downgraded Halliburton from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, Halliburton has a consensus rating of “Moderate Buy” and an average price target of $38.95.

Halliburton Price Performance

Shares of NYSE HAL opened at $26.99 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 market cap of $23.71 billion, a P/E ratio of 9.40, a P/E/G ratio of 3.55 and a beta of 1.91. The stock has a 50 day moving average of $28.98 and a two-hundred day moving average of $30.30. Halliburton has a twelve month low of $25.51 and a twelve month high of $41.56.

Halliburton (NYSE:HAL) last announced its 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). The business had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.83 billion. Halliburton had a return on equity of 28.33% and a net margin of 11.04%. Halliburton’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the company posted $0.79 EPS. On average, research analysts forecast that Halliburton will post 3 earnings per share for the current year.

Halliburton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 26th. Stockholders of record on Wednesday, December 4th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend was 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.