Advisors Asset Management Inc. Has $4.03 Million Position in Halliburton (NYSE:HAL)

Advisors Asset Management Inc. lifted its holdings in Halliburton (NYSE:HAL) by 4.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 138,669 shares of the oilfield services company’s stock after buying an additional 6,017 shares during the period. Advisors Asset Management Inc.’s holdings in Halliburton were worth $4,028,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. First Horizon Advisors Inc. grew its stake in Halliburton by 2.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 14,027 shares of the oilfield services company’s stock valued at $474,000 after acquiring an additional 295 shares in the last quarter. Beacon Capital Management LLC increased its stake in Halliburton by 28.8% in the 1st quarter. Beacon Capital Management LLC now owns 1,382 shares of the oilfield services company’s stock valued at $54,000 after buying an additional 309 shares during the period. Guinness Atkinson Asset Management Inc lifted its position in Halliburton by 3.1% in the 2nd quarter. Guinness Atkinson Asset Management Inc now owns 10,847 shares of the oilfield services company’s stock worth $366,000 after buying an additional 330 shares in the last quarter. Moody National Bank Trust Division boosted its stake in shares of Halliburton by 2.9% during the 2nd quarter. Moody National Bank Trust Division now owns 11,842 shares of the oilfield services company’s stock valued at $400,000 after buying an additional 336 shares during the period. Finally, Northwest Bank & Trust Co grew its holdings in shares of Halliburton by 3.2% during the 3rd quarter. Northwest Bank & Trust Co now owns 12,979 shares of the oilfield services company’s stock valued at $377,000 after acquiring an additional 397 shares in the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Halliburton Stock Up 0.2 %

Shares of HAL stock opened at $31.94 on Friday. The stock has a 50 day moving average of $29.45 and a 200-day moving average of $32.04. The firm has a market cap of $28.06 billion, a PE ratio of 11.13, a price-to-earnings-growth ratio of 3.75 and a beta of 1.89. The company has a quick ratio of 1.62, a current ratio of 2.21 and a debt-to-equity ratio of 0.74. Halliburton has a 12 month low of $27.26 and a 12 month high of $41.56.

Halliburton (NYSE:HAL) last issued 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). Halliburton had a net margin of 11.04% and a return on equity of 28.33%. The company had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.83 billion. During the same period last year, the company earned $0.79 earnings per share. Halliburton’s revenue for the quarter was down 1.8% on a year-over-year basis. On average, equities analysts predict that Halliburton will post 3.01 EPS for the current year.

Halliburton Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Wednesday, December 4th will be paid a dividend of $0.17 per share. The ex-dividend date is Wednesday, December 4th. This represents a $0.68 annualized dividend and a yield of 2.13%. Halliburton’s dividend payout ratio is 23.69%.

Analysts Set New Price Targets

A number of research firms recently issued reports on HAL. Benchmark reissued a “buy” rating and set a $40.00 price objective on shares of Halliburton in a research report on Friday, November 8th. The Goldman Sachs Group lowered their price target on Halliburton from $47.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. 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. Susquehanna decreased their target price on shares of Halliburton from $42.00 to $40.00 and set a “positive” rating for the company in a research report on Friday, November 8th. Finally, Stifel Nicolaus cut their price target on shares of Halliburton from $45.00 to $42.00 and set a “buy” rating on the stock in a report on Friday, October 11th. Four research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $40.74.

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.