First Hawaiian Bank Purchases 3,808 Shares of Halliburton (NYSE:HAL)

First Hawaiian Bank grew its position in shares of Halliburton (NYSE:HAL) by 47.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,815 shares of the oilfield services company’s stock after buying an additional 3,808 shares during the quarter. First Hawaiian Bank’s holdings in Halliburton were worth $321,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Park National Corp OH increased its holdings in Halliburton by 1.3% during the 4th quarter. Park National Corp OH now owns 302,214 shares of the oilfield services company’s stock valued at $8,217,000 after purchasing an additional 3,869 shares in the last quarter. Modus Advisors LLC acquired a new stake in shares of Halliburton in the fourth quarter valued at $38,000. Principal Financial Group Inc. raised its holdings in shares of Halliburton by 2.3% in the third quarter. Principal Financial Group Inc. now owns 2,889,257 shares of the oilfield services company’s stock valued at $83,933,000 after buying an additional 63,994 shares during the last quarter. Retirement Systems of Alabama lifted its position in Halliburton by 0.3% during the 3rd quarter. Retirement Systems of Alabama now owns 195,873 shares of the oilfield services company’s stock worth $5,690,000 after buying an additional 587 shares in the last quarter. Finally, Franklin Resources Inc. grew 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 acquiring an additional 3,203,224 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Morgan Stanley reduced their target price on shares of Halliburton from $35.00 to $34.00 and set an “overweight” rating on the stock in a research report on Monday, November 18th. Wells Fargo & Company decreased their price objective on Halliburton from $39.00 to $34.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. Raymond James downgraded Halliburton from a “strong-buy” rating to a “market perform” rating in a research report on Monday, January 6th. Griffin Securities lowered Halliburton from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. Finally, Dbs Bank started coverage on Halliburton in a research note on Wednesday, September 18th. They issued a “buy” rating and a $45.00 price target on the stock. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $38.95.

Halliburton Trading Down 0.1 %

Shares of NYSE:HAL opened at $26.99 on Friday. The company’s 50-day moving average price is $28.98 and its two-hundred day moving average price is $30.30. Halliburton has a one year low of $25.51 and a one 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. The stock has a market capitalization of $23.71 billion, a PE ratio of 9.40, a price-to-earnings-growth ratio of 3.55 and a beta of 1.91.

Halliburton (NYSE:HAL) last released its earnings results on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.02). The company 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 28.33% and a net margin of 11.04%. The business’s revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.79 EPS. On average, equities analysts forecast that Halliburton will post 3 EPS for the current fiscal year.

Halliburton Announces Dividend

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