Inspire Investing LLC Has $257,000 Position in Halliburton (NYSE:HAL)

Inspire Investing LLC reduced its position in shares of Halliburton (NYSE:HAL) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,462 shares of the oilfield services company’s stock after selling 393 shares during the period. Inspire Investing LLC’s holdings in Halliburton were worth $257,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in HAL. Franklin Resources Inc. lifted its holdings in Halliburton by 244.5% during the 3rd quarter. Franklin Resources Inc. now owns 4,513,560 shares of the oilfield services company’s stock worth $138,025,000 after purchasing an additional 3,203,224 shares during the last quarter. Pacer Advisors Inc. raised its holdings in Halliburton by 23.1% in the 3rd quarter. Pacer Advisors Inc. now owns 16,782,174 shares of the oilfield services company’s stock valued at $487,522,000 after acquiring an additional 3,150,986 shares in the last quarter. Thompson Siegel & Walmsley LLC acquired a new position in Halliburton in the 3rd quarter valued at $55,132,000. Thrivent Financial for Lutherans raised its holdings in Halliburton by 22.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 5,520,383 shares of the oilfield services company’s stock valued at $160,367,000 after acquiring an additional 995,649 shares in the last quarter. Finally, Banco Santander S.A. acquired a new position in Halliburton in the 3rd quarter valued at $13,085,000. 85.23% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Wells Fargo & Company dropped their price objective on Halliburton from $39.00 to $34.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Evercore ISI dropped their price objective on Halliburton from $43.00 to $35.00 and set an “outperform” rating for the company in a report on Wednesday, January 15th. BMO Capital Markets dropped their price objective on Halliburton from $40.00 to $38.00 and set a “market perform” rating for the company in a report on Thursday, October 10th. Raymond James cut Halliburton from a “strong-buy” rating to a “market perform” rating in a report on Monday, January 6th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $34.00 price objective on shares of Halliburton in a report on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, Halliburton currently has an average rating of “Moderate Buy” and an average target price of $37.42.

Halliburton Trading Down 2.0 %

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

Halliburton (NYSE:HAL) last issued 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). The firm had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.83 billion. Halliburton had a return on equity of 26.03% and a net margin of 10.90%. The company’s revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.79 EPS. As a group, sell-side analysts predict that Halliburton will post 2.94 EPS for the current fiscal year.

Halliburton Announces Dividend

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

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.