AMF Tjanstepension AB Has $14.93 Million Stock Holdings in Halliburton Company (NYSE:HAL)

Key Points

• AMF Tjanstepension AB reduced its holdings in Halliburton by 9.4% in Q1, holding approximately $14.93 million worth of shares after selling 60,942 shares.
• Halliburton announced a quarterly dividend of $0.17 per share, resulting in an annualized yield of 3.3% and a payout ratio of 31.78%.
• Barclays and other research firms have recently lowered their price targets for Halliburton, with Barclays setting a new target of $22.00 while the consensus price target remains at $31.00.

AMF Tjanstepension AB cut its holdings in Halliburton Company (NYSE:HAL - Free Report) by 9.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 588,145 shares of the oilfield services company's stock after selling 60,942 shares during the quarter. AMF Tjanstepension AB owned about 0.07% of Halliburton worth $14,930,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Charles Schwab Investment Management Inc. boosted its position in Halliburton by 450.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 29,941,771 shares of the oilfield services company's stock worth $759,623,000 after acquiring an additional 24,506,472 shares during the last quarter. Sanders Capital LLC boosted its position in Halliburton by 1.6% during the 4th quarter. Sanders Capital LLC now owns 24,372,694 shares of the oilfield services company's stock worth $662,694,000 after acquiring an additional 375,054 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its position in Halliburton by 15.6% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 16,093,680 shares of the oilfield services company's stock worth $437,587,000 after acquiring an additional 2,171,722 shares during the last quarter. Invesco Ltd. boosted its position in Halliburton by 10.6% during the 4th quarter. Invesco Ltd. now owns 10,082,800 shares of the oilfield services company's stock worth $274,151,000 after acquiring an additional 968,583 shares during the last quarter. Finally, Northern Trust Corp boosted its position in Halliburton by 16.2% during the 4th quarter. Northern Trust Corp now owns 9,184,850 shares of the oilfield services company's stock worth $249,736,000 after acquiring an additional 1,283,094 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Hsbc Global Res raised Halliburton to a "hold" rating in a report on Wednesday, April 23rd. Barclays cut their price objective on Halliburton from $26.00 to $22.00 and set an "equal weight" rating for the company in a report on Wednesday, July 23rd. Royal Bank Of Canada cut their price objective on Halliburton from $28.00 to $24.00 and set a "sector perform" rating for the company in a report on Wednesday, July 23rd. The Goldman Sachs Group dropped their price target on Halliburton from $27.00 to $24.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Finally, Wells Fargo & Company dropped their price target on Halliburton from $28.00 to $26.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 23rd. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $31.00.

Halliburton Price Performance

NYSE:HAL traded up $0.01 during trading hours on Friday, hitting $20.89. The company's stock had a trading volume of 11,777,228 shares, compared to its average volume of 16,022,171. The stock has a fifty day simple moving average of $21.59 and a 200-day simple moving average of $22.74. The company has a market capitalization of $17.81 billion, a P/E ratio of 9.76, a PEG ratio of 3.62 and a beta of 1.12. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.00 and a quick ratio of 1.47. Halliburton Company has a twelve month low of $18.72 and a twelve month high of $32.57.

Halliburton (NYSE:HAL - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The oilfield services company reported $0.55 earnings per share for the quarter, meeting the consensus estimate of $0.55. The business had revenue of $5.51 billion for the quarter, compared to analyst estimates of $5.43 billion. Halliburton had a return on equity of 21.45% and a net margin of 8.37%. Halliburton's revenue was down 5.5% compared to the same quarter last year. During the same period last year, the firm posted $0.80 earnings per share. On average, analysts anticipate that Halliburton Company will post 2.64 EPS for the current fiscal year.

Halliburton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Wednesday, June 4th. Halliburton's dividend payout ratio (DPR) is presently 31.78%.

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.