Halliburton (NYSE:HAL) Shares Sold by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC lessened its holdings in shares of Halliburton (NYSE:HAL) by 0.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,857,578 shares of the oilfield services company’s stock after selling 82,214 shares during the period. Halliburton accounts for about 1.7% of Barrow Hanley Mewhinney & Strauss LLC’s investment portfolio, making the stock its 17th biggest holding. Barrow Hanley Mewhinney & Strauss LLC owned 1.68% of Halliburton worth $501,889,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in HAL. Rise Advisors LLC acquired a new position in Halliburton during the 1st quarter valued at about $26,000. Johnson Financial Group Inc. acquired a new position in shares of Halliburton during the fourth quarter valued at approximately $33,000. Bruce G. Allen Investments LLC raised its holdings in Halliburton by 274.9% during 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 in the last quarter. Assetmark Inc. lifted its position in Halliburton by 286.2% in 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 period. Finally, Crewe Advisors LLC bought a new position in Halliburton during the 1st quarter valued at $46,000. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Halliburton

In other Halliburton news, EVP Van H. Beckwith sold 10,000 shares of the company’s 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 approximately $10,066,119. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

HAL has been the topic of a number of research reports. Benchmark reissued a “buy” rating and issued a $42.00 price objective on shares of Halliburton in a research note on Monday, July 22nd. Morgan Stanley dropped their price target on shares of Halliburton from $45.00 to $35.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. Evercore ISI reduced their price objective on shares of Halliburton from $52.00 to $48.00 and set an “outperform” rating for the company in a research report on Monday, July 22nd. Citigroup lowered their price objective on shares of Halliburton from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Friday, June 28th. Finally, Jefferies Financial Group dropped their target price on shares of Halliburton from $50.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, July 29th. 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $43.17.

Halliburton Stock Down 0.2 %

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

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

Halliburton Announces Dividend

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

About Halliburton

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.