Halliburton (NYSE:HAL) Stake Decreased by Russell Investments Group Ltd.

Russell Investments Group Ltd. lessened its holdings in shares of Halliburton (NYSE:HAL – Get Rating) by 4.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,793,637 shares of the oilfield services company’s stock after selling 79,654 shares during the period. Russell Investments Group Ltd.’s holdings in Halliburton were worth $44,157,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Coston McIsaac & Partners bought a new stake in shares of Halliburton during the second quarter valued at approximately $28,000. Capital Asset Advisory Services LLC bought a new stake in shares of Halliburton during the second quarter valued at approximately $29,000. PrairieView Partners LLC raised its holdings in Halliburton by 75.6% during the second quarter. PrairieView Partners LLC now owns 936 shares of the oilfield services company’s stock worth $29,000 after purchasing an additional 403 shares in the last quarter. Global Retirement Partners LLC raised its holdings in Halliburton by 115.1% during the second quarter. Global Retirement Partners LLC now owns 940 shares of the oilfield services company’s stock worth $29,000 after purchasing an additional 503 shares in the last quarter. Finally, IMA Wealth Inc. raised its holdings in Halliburton by 257.7% during the second quarter. IMA Wealth Inc. now owns 1,073 shares of the oilfield services company’s stock worth $34,000 after purchasing an additional 773 shares in the last quarter. Institutional investors own 80.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Morgan Stanley boosted their target price on Halliburton from $43.00 to $45.00 and gave the stock an “overweight” rating in a report on Wednesday, January 4th. ATB Capital boosted their target price on Halliburton to $49.00 in a report on Thursday, October 27th. Raymond James assumed coverage on Halliburton in a report on Friday, December 9th. They set a “strong-buy” rating and a $53.00 target price on the stock. Benchmark assumed coverage on Halliburton in a report on Thursday, January 19th. They set a “buy” rating and a $50.00 target price on the stock. Finally, Wolfe Research raised Halliburton from an “underperform” rating to an “outperform” rating and set a $51.00 target price on the stock in a report on Thursday, January 12th. Three equities research 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, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $44.66.

Insider Activity

In other news, EVP Van H. Beckwith sold 4,493 shares of the business’s stock in a transaction on Thursday, January 19th. The shares were sold at an average price of $40.41, for a total transaction of $181,562.13. Following the transaction, the executive vice president now directly owns 191,334 shares in the company, valued at approximately $7,731,806.94. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Margaret Katherine Banks sold 6,000 shares of the company’s stock in a transaction on Friday, October 28th. The shares were sold at an average price of $35.49, for a total value of $212,940.00. Following the completion of the sale, the director now directly owns 14,625 shares in the company, valued at $519,041.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Van H. Beckwith sold 4,493 shares of the company’s stock in a transaction on Thursday, January 19th. The stock was sold at an average price of $40.41, for a total transaction of $181,562.13. Following the completion of the sale, the executive vice president now owns 191,334 shares of the company’s stock, valued at $7,731,806.94. The disclosure for this sale can be found here. Insiders have sold a total of 59,153 shares of company stock worth $2,305,715 in the last ninety days. Corporate insiders own 0.57% of the company’s stock.

Halliburton Trading Down 1.8 %

NYSE HAL opened at $39.84 on Wednesday. Halliburton has a twelve month low of $23.30 and a twelve month high of $43.99. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.52 and a current ratio of 2.10. The stock has a market cap of $36.18 billion, a price-to-earnings ratio of 20.64, a PEG ratio of 0.31 and a beta of 2.15. The firm’s 50 day moving average price is $38.23 and its two-hundred day moving average price is $33.14.

Halliburton (NYSE:HAL – Get Rating) last posted its quarterly earnings data on Tuesday, January 24th. The oilfield services company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.05. Halliburton had a net margin of 9.16% and a return on equity of 22.69%. The firm had revenue of $5.58 billion for the quarter, compared to analysts’ expectations of $5.59 billion. During the same period in the previous year, the company posted $0.92 EPS. The company’s quarterly revenue was up 30.5% compared to the same quarter last year. Equities analysts anticipate that Halliburton will post 2.11 EPS for the current year.

Halliburton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 21st. Stockholders of record on Thursday, December 8th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend was Wednesday, December 7th. Halliburton’s dividend payout ratio is currently 24.87%.

About Halliburton

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Halliburton Co engages in the provision of services and products to the energy industry related to the exploration, development and production of oil and natural gas. It operates through the following segments: Completion and Production and Drilling and Evaluation. The Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift and completion services.