Court Place Advisors LLC Cuts Stock Position in Halliburton (NYSE:HAL)

Court Place Advisors LLC lessened its position in shares of Halliburton (NYSE:HAL) by 18.4% in the 4th quarter, HoldingsChannel reports. The fund owned 13,095 shares of the oilfield services company’s stock after selling 2,956 shares during the period. Court Place Advisors LLC’s holdings in Halliburton were worth $356,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Country Trust Bank purchased a new stake in shares of Halliburton during the 3rd quarter valued at $36,000. Modus Advisors LLC acquired a new position in Halliburton during the 4th quarter valued at about $38,000. Continuum Advisory LLC boosted its holdings in Halliburton by 101.2% in the third quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company’s stock worth $42,000 after acquiring an additional 698 shares in the last quarter. ORG Wealth Partners LLC purchased a new stake in shares of Halliburton during the third quarter worth about $44,000. Finally, Venturi Wealth Management LLC increased its holdings in shares of Halliburton by 34.2% during the third quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock valued at $47,000 after acquiring an additional 412 shares in the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Bank of America lowered their target price on shares of Halliburton from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Wells Fargo & Company lowered their price objective on shares of Halliburton from $39.00 to $34.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. Griffin Securities downgraded Halliburton from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. BMO Capital Markets lowered their price target on Halliburton from $40.00 to $38.00 and set a “market perform” rating for the company in a research report on Thursday, October 10th. Finally, JPMorgan Chase & Co. cut their price objective on Halliburton from $35.00 to $33.00 and set an “overweight” rating on the stock in a report on Thursday, January 2nd. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $37.42.

Halliburton Stock Down 1.9 %

HAL opened at $27.27 on Tuesday. The company has a fifty day moving average of $28.81 and a two-hundred day moving average of $29.95. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.62 and a current ratio of 2.05. Halliburton has a fifty-two week low of $25.51 and a fifty-two week high of $41.56. The stock has a market capitalization of $23.95 billion, a price-to-earnings ratio of 9.63, a PEG ratio of 3.58 and a beta of 1.91.

Halliburton (NYSE:HAL) last released its quarterly earnings results on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.02). The business had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.83 billion. Halliburton had a return on equity of 26.03% and a net margin of 10.90%. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.79 EPS. On average, research analysts expect that Halliburton will post 2.94 earnings per share for the current year.

Halliburton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 26th. Stockholders of record on Wednesday, December 4th were given a dividend of $0.17 per share. The ex-dividend date was Wednesday, December 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.49%. Halliburton’s dividend payout ratio (DPR) is 24.03%.

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.