Lockheed Martin Investment Management Co. Sells 810 Shares of Halliburton (NYSE:HAL)

Lockheed Martin Investment Management Co. trimmed its stake in Halliburton (NYSE:HAL) by 1.3% during the 4th quarter, HoldingsChannel reports. The fund owned 59,250 shares of the oilfield services company’s stock after selling 810 shares during the quarter. Lockheed Martin Investment Management Co.’s holdings in Halliburton were worth $1,611,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Country Trust Bank purchased a new position in Halliburton in the 3rd quarter worth approximately $36,000. Continuum Advisory LLC raised its stake in shares of 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 purchasing an additional 698 shares during the last quarter. Modus Advisors LLC bought a new position in shares of Halliburton during the fourth quarter valued at $38,000. ORG Wealth Partners LLC purchased a new stake in shares of Halliburton during the third quarter valued at $44,000. Finally, Venturi Wealth Management LLC increased its holdings in Halliburton by 34.2% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock worth $47,000 after buying an additional 412 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

HAL has been the subject of a number of research analyst reports. Stifel Nicolaus cut their target price on shares of Halliburton from $42.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. JPMorgan Chase & Co. reduced their price objective on Halliburton from $35.00 to $33.00 and set an “overweight” rating for the company in a research report on Thursday, January 2nd. Raymond James cut Halliburton from a “strong-buy” rating to a “market perform” rating in a research report on Monday, January 6th. Evercore ISI reduced their price target on shares of Halliburton from $43.00 to $35.00 and set an “outperform” rating for the company in a research report on Wednesday, January 15th. Finally, Griffin Securities downgraded shares of Halliburton from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $37.42.

Halliburton Stock Performance

Shares of NYSE HAL opened at $26.35 on Wednesday. The company has a market cap of $23.14 billion, a P/E ratio of 9.31, a P/E/G ratio of 3.60 and a beta of 1.89. Halliburton has a 52-week low of $25.21 and a 52-week high of $41.56. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05. The firm’s fifty day moving average is $28.22 and its two-hundred day moving average is $29.58.

Halliburton (NYSE:HAL) last issued its earnings results on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.02). Halliburton had a return on equity of 26.03% and a net margin of 10.90%. The firm 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 firm posted $0.79 earnings per share. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. As a group, analysts anticipate that Halliburton will post 2.67 EPS for the current fiscal year.

Halliburton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 26th. Stockholders of record on Wednesday, December 4th were issued a dividend of $0.17 per share. The ex-dividend date was Wednesday, December 4th. This represents a $0.68 annualized dividend and a dividend yield of 2.58%. Halliburton’s dividend payout ratio (DPR) is 24.03%.

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.