Rothschild Asset Management Inc. reduced its stake in shares of Halliburton Company (NYSE:HAL) by 3.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 908,209 shares of the oilfield services company’s stock after selling 34,922 shares during the period. Rothschild Asset Management Inc. owned approximately 0.10% of Halliburton worth $41,804,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in HAL. BlackRock Inc. raised its holdings in Halliburton by 2,760.4% during the 1st quarter. BlackRock Inc. now owns 51,835,128 shares of the oilfield services company’s stock worth $2,550,805,000 after buying an additional 50,022,982 shares during the period. King Luther Capital Management Corp raised its holdings in Halliburton by 16.6% during the 1st quarter. King Luther Capital Management Corp now owns 271,083 shares of the oilfield services company’s stock worth $13,340,000 after buying an additional 38,653 shares during the period. United Capital Financial Advisers LLC raised its holdings in Halliburton by 12.6% during the 1st quarter. United Capital Financial Advisers LLC now owns 35,810 shares of the oilfield services company’s stock worth $1,762,000 after buying an additional 4,003 shares during the period. Amalgamated Bank raised its holdings in Halliburton by 6.1% during the 1st quarter. Amalgamated Bank now owns 60,371 shares of the oilfield services company’s stock worth $2,971,000 after buying an additional 3,463 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its holdings in Halliburton by 4.7% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 2,982,563 shares of the oilfield services company’s stock worth $146,772,000 after buying an additional 134,745 shares during the period. Hedge funds and other institutional investors own 78.61% of the company’s stock.

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Shares of Halliburton Company (NYSE:HAL) traded down $0.37 during trading on Tuesday, hitting $41.21. 3,195,431 shares of the stock were exchanged, compared to its average volume of 8,754,469. The company has a market capitalization of $36,270.00, a PE ratio of 57.22, a PEG ratio of 4.51 and a beta of 1.05. Halliburton Company has a 52 week low of $38.18 and a 52 week high of $58.78. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.67 and a current ratio of 2.20.

Halliburton (NYSE:HAL) last announced its earnings results on Monday, October 23rd. The oilfield services company reported $0.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.04. The company had revenue of $5.44 billion during the quarter, compared to analysts’ expectations of $5.35 billion. Halliburton had a net margin of 6.63% and a return on equity of 16.15%. Halliburton’s quarterly revenue was up 42.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.01 earnings per share. equities analysts anticipate that Halliburton Company will post 1.16 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, December 7th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Wednesday, December 6th. Halliburton’s dividend payout ratio (DPR) is presently 300.00%.

A number of research firms have recently issued reports on HAL. B. Riley reiterated a “buy” rating on shares of Halliburton in a report on Wednesday, November 1st. Piper Jaffray Companies set a $53.00 price objective on shares of Halliburton and gave the company a “buy” rating in a report on Monday, October 30th. Citigroup Inc. lowered their price objective on shares of Halliburton from $54.00 to $52.00 and set a “buy” rating on the stock in a report on Wednesday, October 25th. Scotiabank reiterated a “buy” rating and issued a $52.00 price objective on shares of Halliburton in a report on Wednesday, October 25th. Finally, Loop Capital reiterated a “buy” rating and issued a $57.00 price objective (down from $62.00) on shares of Halliburton in a report on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $57.55.

In related news, Chairman David J. Lesar sold 50,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $43.70, for a total value of $2,185,000.00. Following the completion of the transaction, the chairman now owns 490,143 shares of the company’s stock, valued at $21,419,249.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Lawrence J. Pope sold 43,000 shares of the business’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $39.66, for a total value of $1,705,380.00. The disclosure for this sale can be found here. 0.47% of the stock is owned by insiders.

Halliburton Company Profile

Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.

Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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