NBC Securities Inc. Sells 407 Shares of Halliburton (NYSE:HAL)

NBC Securities Inc. decreased its holdings in shares of Halliburton (NYSE:HAL) by 5.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,354 shares of the oilfield services company’s stock after selling 407 shares during the period. NBC Securities Inc.’s holdings in Halliburton were worth $213,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Rise Advisors LLC acquired a new position in shares of Halliburton during the first quarter valued at about $26,000. Country Trust Bank acquired a new position in Halliburton during the 3rd quarter worth approximately $36,000. Bruce G. Allen Investments LLC boosted its holdings 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 acquiring an additional 822 shares in the last quarter. ORG Wealth Partners LLC acquired a new stake in Halliburton in the third quarter valued at approximately $44,000. Finally, Crewe Advisors LLC bought a new stake in shares of Halliburton during the first quarter valued at approximately $46,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on HAL shares. Morgan Stanley reduced their price target on shares of Halliburton from $45.00 to $35.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. Citigroup decreased their target price on shares of Halliburton from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Friday, June 28th. Bank of America lowered their target price on shares of Halliburton from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Monday, October 14th. UBS Group decreased their price objective on Halliburton from $41.00 to $37.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. Finally, Johnson Rice raised Halliburton to a “moderate buy” rating in a research note on Friday, July 19th. Four analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.74.

Halliburton Stock Down 2.1 %

HAL opened at $28.33 on Friday. Halliburton has a twelve month low of $27.52 and a twelve month high of $43.83. The company’s 50-day moving average price is $30.00 and its two-hundred day moving average price is $33.69. The stock has a market cap of $25.08 billion, a price-to-earnings ratio of 9.80, a PEG ratio of 1.04 and a beta of 1.88. The company has a quick ratio of 1.54, a current ratio of 2.13 and a debt-to-equity ratio of 0.76.

Halliburton (NYSE:HAL) last posted 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 return on equity of 29.97% and a net margin of 11.61%. The business 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 business earned $0.77 earnings per share. Halliburton’s revenue for the quarter was up .6% on a year-over-year basis. As a group, equities analysts expect that Halliburton will post 3.13 earnings per share for the current year.

Halliburton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th were paid a dividend of $0.17 per share. The ex-dividend date was Wednesday, September 4th. This represents a $0.68 annualized dividend and a dividend yield of 2.40%. Halliburton’s payout ratio is 23.53%.

Halliburton Company 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.