Blair William & Co. IL Decreases Stock Position in Halliburton (NYSE:HAL)

Blair William & Co. IL trimmed its position in shares of Halliburton (NYSE:HAL) by 0.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 292,376 shares of the oilfield services company’s stock after selling 2,428 shares during the quarter. Blair William & Co. IL’s holdings in Halliburton were worth $9,876,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of HAL. Rise Advisors LLC purchased a new stake in shares of Halliburton in the first quarter worth approximately $26,000. Johnson Financial Group Inc. bought a new position in Halliburton in the 4th quarter valued at $33,000. Bruce G. Allen Investments LLC increased its stake in Halliburton by 274.9% in the second quarter. Bruce G. Allen Investments LLC now owns 1,121 shares of the oilfield services company’s stock worth $38,000 after purchasing an additional 822 shares during the period. Assetmark Inc. lifted its position in shares of Halliburton by 286.2% during the fourth quarter. Assetmark Inc. now owns 1,201 shares of the oilfield services company’s stock worth $43,000 after purchasing an additional 890 shares during the last quarter. Finally, Crewe Advisors LLC bought a new stake in shares of Halliburton during the first quarter worth $46,000. Institutional investors own 85.23% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. JPMorgan Chase & Co. reduced their price target on shares of Halliburton from $45.00 to $40.00 and set an “overweight” rating on the stock in a research note on Monday, July 22nd. Evercore ISI reduced their target price on shares of Halliburton from $52.00 to $48.00 and set an “outperform” rating on the stock in a research report on Monday, July 22nd. Stifel Nicolaus lowered their price target on Halliburton from $47.00 to $46.00 and set a “buy” rating for the company in a report on Tuesday, July 16th. Susquehanna reduced their price objective on Halliburton from $49.00 to $46.00 and set a “positive” rating on the stock in a report on Monday, July 22nd. Finally, Royal Bank of Canada cut Halliburton from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $44.00 to $37.00 in a report on Friday, September 13th. Three research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Halliburton has a consensus rating of “Moderate Buy” and an average price target of $43.17.

Insiders Place Their Bets

In other news, EVP Van H. Beckwith sold 10,000 shares of the stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $36.75, for a total value of $367,500.00. Following the transaction, the executive vice president now directly owns 273,908 shares of the company’s stock, valued at $10,066,119. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.61% of the stock is currently owned by insiders.

Halliburton Trading Down 0.2 %

Shares of NYSE:HAL opened at $29.47 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.13 and a quick ratio of 1.54. The firm has a market capitalization of $26.09 billion, a P/E ratio of 10.20, a P/E/G ratio of 0.95 and a beta of 1.89. The business’s 50-day moving average is $31.48 and its 200 day moving average is $34.84. Halliburton has a 1 year low of $27.52 and a 1 year high of $43.85.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Friday, July 19th. The oilfield services company reported $0.80 EPS for the quarter, meeting the consensus estimate of $0.80. Halliburton had a net margin of 11.61% and a return on equity of 29.97%. The firm had revenue of $5.83 billion during the quarter, compared to analyst estimates of $5.95 billion. During the same period last year, the firm posted $0.77 EPS. Halliburton’s revenue was up .6% on a year-over-year basis. On average, research analysts predict that Halliburton will post 3.14 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.31%. The ex-dividend date is Wednesday, September 4th. Halliburton’s payout ratio is 23.53%.

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.