Saxon Interests Inc. Has $709,000 Stock Holdings in Halliburton (NYSE:HAL)

Saxon Interests Inc. trimmed its position in shares of Halliburton (NYSE:HAL) by 2.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,421 shares of the oilfield services company’s stock after selling 557 shares during the period. Saxon Interests Inc.’s holdings in Halliburton were worth $709,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the company. Capital World Investors grew its position in Halliburton by 0.3% in the first quarter. Capital World Investors now owns 121,928,734 shares of the oilfield services company’s stock valued at $4,806,431,000 after acquiring an additional 377,500 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Halliburton by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 100,274,105 shares of the oilfield services company’s stock valued at $3,952,805,000 after purchasing an additional 2,618,740 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Halliburton by 46.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 61,090,055 shares of the oilfield services company’s stock valued at $2,408,171,000 after purchasing an additional 19,237,784 shares during the last quarter. Pacer Advisors Inc. increased its position in Halliburton by 17,317.6% during the 2nd quarter. Pacer Advisors Inc. now owns 13,631,188 shares of the oilfield services company’s stock worth $460,462,000 after purchasing an additional 13,552,927 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Halliburton by 20.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 10,087,115 shares of the oilfield services company’s stock valued at $340,752,000 after purchasing an additional 1,681,620 shares during the last quarter. 85.23% of the stock is owned by institutional investors.

Insider Buying and Selling at Halliburton

In other news, EVP Van H. Beckwith sold 10,000 shares of the company’s stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $36.75, for a total transaction of $367,500.00. Following the transaction, the executive vice president now owns 273,908 shares of the company’s stock, valued at $10,066,119. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.61% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Susquehanna decreased their target price on shares of Halliburton from $49.00 to $46.00 and set a “positive” rating on the stock in a research note on Monday, July 22nd. Evercore ISI dropped their target price on Halliburton from $52.00 to $48.00 and set an “outperform” rating for the company in a research report on Monday, July 22nd. Jefferies Financial Group reduced their price target on Halliburton from $47.00 to $46.00 and set a “buy” rating on the stock in a report on Tuesday, September 24th. Dbs Bank started coverage on Halliburton in a research note on Wednesday, September 18th. They issued a “buy” rating and a $45.00 price objective for the company. Finally, Citigroup cut their target price on shares of Halliburton from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday, June 28th. Three equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.56.

Halliburton Trading Up 0.3 %

HAL stock traded up $0.10 during mid-day trading on Wednesday, reaching $30.15. The company’s stock had a trading volume of 1,105,970 shares, compared to its average volume of 7,889,398. The company has a market cap of $26.69 billion, a price-to-earnings ratio of 10.40, a price-to-earnings-growth ratio of 1.02 and a beta of 1.88. Halliburton has a 12 month low of $27.52 and a 12 month high of $43.85. The business’s 50 day moving average price is $30.32 and its 200 day moving average price is $34.19. 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 (NYSE:HAL) last announced its quarterly earnings results on Friday, July 19th. The oilfield services company reported $0.80 EPS for the quarter, meeting analysts’ consensus estimates of $0.80. Halliburton had a net margin of 11.61% and a return on equity of 29.97%. The business had revenue of $5.83 billion during the quarter, compared to analyst estimates of $5.95 billion. During the same quarter in the previous year, the business posted $0.77 EPS. Halliburton’s quarterly revenue was up .6% on a year-over-year basis. On average, equities research analysts predict that Halliburton will post 3.14 EPS for the current year.

Halliburton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend was Wednesday, September 4th. Halliburton’s dividend payout ratio (DPR) is presently 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.