Brown Brothers Harriman & Co. Purchases 393 Shares of Halliburton (NYSE:HAL)

Brown Brothers Harriman & Co. raised its position in shares of Halliburton (NYSE:HAL) by 28.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,759 shares of the oilfield services company’s stock after purchasing an additional 393 shares during the period. Brown Brothers Harriman & Co.’s holdings in Halliburton were worth $51,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Pacer Advisors Inc. lifted its stake in Halliburton by 23.1% in the third quarter. Pacer Advisors Inc. now owns 16,782,174 shares of the oilfield services company’s stock worth $487,522,000 after acquiring an additional 3,150,986 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of 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 worth $340,752,000 after purchasing an additional 1,681,620 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Halliburton by 1.2% during the second quarter. Bank of New York Mellon Corp now owns 7,342,857 shares of the oilfield services company’s stock valued at $248,042,000 after purchasing an additional 83,894 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in Halliburton by 22.0% during the third quarter. Thrivent Financial for Lutherans now owns 5,520,383 shares of the oilfield services company’s stock valued at $160,367,000 after buying an additional 995,649 shares during the period. Finally, Brandes Investment Partners LP raised its stake in Halliburton by 15.1% in the second quarter. Brandes Investment Partners LP now owns 4,279,478 shares of the oilfield services company’s stock worth $144,516,000 after buying an additional 560,325 shares in the last quarter. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Halliburton Trading Up 0.2 %

Halliburton stock opened at $31.88 on Friday. Halliburton has a 52 week low of $27.26 and a 52 week high of $41.56. The stock has a 50-day moving average price of $29.67 and a 200 day moving average price of $31.89. The company has a quick ratio of 1.62, a current ratio of 2.21 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $28.01 billion, a price-to-earnings ratio of 11.11, a price-to-earnings-growth ratio of 3.94 and a beta of 1.89.

Halliburton (NYSE:HAL) last released its quarterly earnings data on Thursday, November 7th. The oilfield services company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.02). The business had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.83 billion. Halliburton had a net margin of 11.04% and a return on equity of 28.33%. The firm’s revenue was down 1.8% on a year-over-year basis. During the same period last year, the company earned $0.79 earnings per share. Sell-side analysts anticipate that Halliburton will post 3.01 EPS for the current year.

Halliburton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Wednesday, December 4th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $0.68 annualized dividend and a dividend yield of 2.13%. Halliburton’s dividend payout ratio (DPR) is presently 23.69%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HAL. Bank of America cut their price target on Halliburton from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Susquehanna cut their target price on Halliburton from $42.00 to $40.00 and set a “positive” rating on the stock in a research note on Friday, November 8th. BMO Capital Markets decreased their price target on shares of Halliburton from $40.00 to $38.00 and set a “market perform” rating for the company in a research report on Thursday, October 10th. Raymond James cut their price objective on shares of Halliburton from $41.00 to $37.00 and set a “strong-buy” rating on the stock in a research report on Friday, November 8th. Finally, UBS Group decreased their target price on shares of Halliburton from $41.00 to $37.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. Four equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $40.74.

Halliburton 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.