Bleakley Financial Group LLC Sells 3,774 Shares of Halliburton (NYSE:HAL)

Bleakley Financial Group LLC lowered its stake in shares of Halliburton (NYSE:HAL) by 21.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 13,723 shares of the oilfield services company’s stock after selling 3,774 shares during the quarter. Bleakley Financial Group LLC’s holdings in Halliburton were worth $399,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. First Horizon Advisors Inc. increased its position in shares of Halliburton by 2.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 14,027 shares of the oilfield services company’s stock valued at $474,000 after purchasing an additional 295 shares during the last quarter. Massachusetts Wealth Management increased its position in shares of Halliburton by 1.7% during the 1st quarter. Massachusetts Wealth Management now owns 18,325 shares of the oilfield services company’s stock valued at $722,000 after purchasing an additional 300 shares during the last quarter. Beacon Capital Management LLC increased its position in shares of Halliburton by 28.8% during the 1st quarter. Beacon Capital Management LLC now owns 1,382 shares of the oilfield services company’s stock valued at $54,000 after purchasing an additional 309 shares during the last quarter. Guinness Atkinson Asset Management Inc increased its position in shares of Halliburton by 3.1% during the 2nd quarter. Guinness Atkinson Asset Management Inc now owns 10,847 shares of the oilfield services company’s stock valued at $366,000 after purchasing an additional 330 shares during the last quarter. Finally, Moody National Bank Trust Division boosted its holdings in Halliburton by 2.9% during the 2nd quarter. Moody National Bank Trust Division now owns 11,842 shares of the oilfield services company’s stock valued at $400,000 after acquiring an additional 336 shares during the period. Institutional investors own 85.23% of the company’s stock.

Halliburton Stock Down 0.1 %

Shares of HAL stock opened at $28.24 on Wednesday. The stock’s 50-day simple moving average is $29.88 and its 200-day simple moving average is $33.47. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.54 and a current ratio of 2.13. The firm has a market capitalization of $25.00 billion, a PE ratio of 9.77, a P/E/G ratio of 1.04 and a beta of 1.88. Halliburton has a fifty-two week low of $27.52 and a fifty-two week high of $42.15.

Halliburton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend was Wednesday, September 4th. Halliburton’s dividend payout ratio is presently 23.53%.

Analysts Set New Price Targets

HAL has been the subject of a number of recent analyst reports. Johnson Rice upgraded Halliburton to a “moderate buy” rating in a report on Friday, July 19th. Dbs Bank initiated coverage on Halliburton in a report on Wednesday, September 18th. They set a “buy” rating and a $45.00 price objective for the company. Benchmark restated a “buy” rating and set a $42.00 price objective on shares of Halliburton in a report on Monday, July 22nd. Citigroup dropped their price objective on Halliburton from $50.00 to $45.00 and set a “buy” rating for the company in a report on Friday, June 28th. Finally, Evercore ISI lowered their target price on Halliburton from $52.00 to $48.00 and set an “outperform” rating for the company in a report on Monday, July 22nd. Four investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $41.74.

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.