Dynamic Advisor Solutions LLC Reduces Stake in Halliburton (NYSE:HAL)

Dynamic Advisor Solutions LLC lessened its stake in shares of Halliburton (NYSE:HAL) by 18.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 8,758 shares of the oilfield services company’s stock after selling 1,924 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Halliburton were worth $238,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of HAL. Country Trust Bank bought a new stake in Halliburton during the 3rd quarter worth approximately $36,000. Modus Advisors LLC bought a new position in shares of Halliburton in the fourth quarter worth $38,000. Continuum Advisory LLC raised its position in shares of Halliburton by 101.2% in the third quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company’s stock worth $42,000 after buying an additional 698 shares in the last quarter. ORG Wealth Partners LLC bought a new stake in Halliburton during the third quarter valued at $44,000. Finally, Venturi Wealth Management LLC grew its position in Halliburton by 34.2% during the third quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock worth $47,000 after buying an additional 412 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on HAL shares. Morgan Stanley lowered their price target on Halliburton from $35.00 to $34.00 and set an “overweight” rating on the stock in a report on Monday, November 18th. Bank of America dropped their target price on shares of Halliburton from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Benchmark cut their price target on shares of Halliburton from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. Evercore ISI lowered their price objective on shares of Halliburton from $43.00 to $35.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 15th. Finally, Griffin Securities lowered shares of Halliburton from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $37.42.

Halliburton Stock Down 2.0 %

Shares of Halliburton stock opened at $26.70 on Wednesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.62 and a current ratio of 2.05. Halliburton has a 52-week low of $25.51 and a 52-week high of $41.56. The company’s 50 day moving average price is $28.75 and its 200-day moving average price is $29.91. The stock has a market capitalization of $23.45 billion, a price-to-earnings ratio of 9.43, a P/E/G ratio of 3.58 and a beta of 1.91.

Halliburton (NYSE:HAL) last released its quarterly earnings data 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 analysts’ expectations of $5.83 billion. Halliburton had a net margin of 10.90% and a return on equity of 26.03%. Halliburton’s revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.79 EPS. Equities research analysts forecast that Halliburton will post 2.94 EPS for the current year.

Halliburton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 26th. Stockholders of record on Wednesday, December 4th were paid a dividend of $0.17 per share. The ex-dividend date was Wednesday, December 4th. This represents a $0.68 annualized dividend and a dividend yield of 2.55%. Halliburton’s dividend payout ratio (DPR) is presently 24.03%.

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.