Miller Howard Investments Inc. NY Sells 5,240 Shares of Halliburton (NYSE:HAL)

Miller Howard Investments Inc. NY trimmed its holdings in shares of Halliburton (NYSE:HAL) by 9.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,332 shares of the oilfield services company’s stock after selling 5,240 shares during the period. Miller Howard Investments Inc. NY’s holdings in Halliburton were worth $1,369,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MidWestOne Financial Group Inc. raised its position in Halliburton by 4.4% in the third quarter. MidWestOne Financial Group Inc. now owns 8,610 shares of the oilfield services company’s stock worth $250,000 after acquiring an additional 359 shares during the period. Public Sector Pension Investment Board lifted its stake in Halliburton by 0.3% in the third quarter. Public Sector Pension Investment Board now owns 154,210 shares of the oilfield services company’s stock valued at $4,480,000 after purchasing an additional 390 shares during the last quarter. Brown Brothers Harriman & Co. grew its holdings in Halliburton by 28.8% during the third quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company’s stock valued at $51,000 after purchasing an additional 393 shares during the period. HBW Advisory Services LLC increased its position in Halliburton by 3.9% in the fourth quarter. HBW Advisory Services LLC now owns 10,504 shares of the oilfield services company’s stock worth $286,000 after buying an additional 397 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its stake in shares of Halliburton by 34.2% in the third quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock valued at $47,000 after buying an additional 412 shares during the period. 85.23% of the stock is owned by hedge funds and other institutional investors.

Halliburton Stock Down 1.2 %

HAL opened at $25.17 on Monday. The company has a quick ratio of 1.54, a current ratio of 2.05 and a debt-to-equity ratio of 0.68. The business’s fifty day simple moving average is $27.74 and its 200 day simple moving average is $29.38. Halliburton has a 52 week low of $25.16 and a 52 week high of $41.56. The stock has a market cap of $22.11 billion, a PE ratio of 8.89, a P/E/G ratio of 3.53 and a beta of 1.89.

Halliburton (NYSE:HAL) last announced its quarterly earnings data 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). Halliburton had a net margin of 10.90% and a return on equity of 26.03%. The firm had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.83 billion. During the same period in the prior year, the business posted $0.79 earnings per share. The business’s quarterly revenue was down 1.8% on a year-over-year basis. As a group, research analysts expect that Halliburton will post 2.67 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 26th. Stockholders of record on Wednesday, December 4th were issued a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.70%. Halliburton’s payout ratio is 24.03%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. UBS Group lowered Halliburton from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $36.00 to $34.00 in a report on Monday, December 9th. Bank of America dropped their price target on shares of Halliburton from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Barclays reduced their price objective on shares of Halliburton from $32.00 to $30.00 and set an “equal weight” rating for the company in a research note on Thursday, January 23rd. Jefferies Financial Group cut their price target on Halliburton from $43.00 to $41.00 and set a “buy” rating for the company in a report on Friday, January 3rd. Finally, Benchmark decreased their price objective on Halliburton from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, Halliburton has a consensus rating of “Moderate Buy” and an average price target of $37.42.

Halliburton Company 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.