Bank of New York Mellon Corp Has $159.39 Million Position in Halliburton Company (NYSE:HAL)

Bank of New York Mellon Corp reduced its stake in shares of Halliburton Company (NYSE:HAL - Free Report) by 8.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,282,763 shares of the oilfield services company's stock after selling 601,895 shares during the quarter. Bank of New York Mellon Corp owned 0.73% of Halliburton worth $159,394,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Wayfinding Financial LLC acquired a new position in shares of Halliburton in the 1st quarter worth approximately $57,000. Eukles Asset Management grew its holdings in shares of Halliburton by 12.2% during the first quarter. Eukles Asset Management now owns 13,790 shares of the oilfield services company's stock worth $350,000 after purchasing an additional 1,494 shares during the last quarter. Argyle Capital Management LLC grew its holdings in shares of Halliburton by 5.8% during the first quarter. Argyle Capital Management LLC now owns 59,985 shares of the oilfield services company's stock worth $1,522,000 after purchasing an additional 3,299 shares during the last quarter. OneDigital Investment Advisors LLC bought a new stake in shares of Halliburton during the first quarter worth $213,000. Finally, D.A. Davidson & CO. grew its holdings in shares of Halliburton by 24.1% during the first quarter. D.A. Davidson & CO. now owns 44,453 shares of the oilfield services company's stock worth $1,128,000 after purchasing an additional 8,626 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 analysts have recently commented on the company. Wells Fargo & Company increased their target price on Halliburton from $27.00 to $28.00 and gave the stock an "overweight" rating in a report on Thursday, June 5th. Barclays decreased their target price on Halliburton from $29.00 to $26.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 23rd. Citigroup decreased their target price on Halliburton from $33.00 to $31.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. UBS Group decreased their target price on Halliburton from $22.00 to $21.00 and set a "neutral" rating on the stock in a report on Wednesday, July 2nd. Finally, Susquehanna decreased their target price on Halliburton from $32.00 to $30.00 and set a "positive" rating on the stock in a report on Wednesday, April 23rd. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $33.53.

Halliburton Trading Up 6.0%

HAL traded up $1.26 during midday trading on Tuesday, reaching $22.15. 21,893,855 shares of the company were exchanged, compared to its average volume of 11,429,086. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.46 and a current ratio of 1.98. Halliburton Company has a one year low of $18.72 and a one year high of $37.08. The stock has a market capitalization of $19.04 billion, a P/E ratio of 9.27, a PEG ratio of 3.37 and a beta of 1.13. The stock's 50-day simple moving average is $20.81 and its 200 day simple moving average is $23.69.

Halliburton (NYSE:HAL - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The oilfield services company reported $0.60 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.60. Halliburton had a return on equity of 24.01% and a net margin of 9.31%. The firm had revenue of $5.42 billion for the quarter, compared to analysts' expectations of $5.28 billion. As a group, analysts forecast that Halliburton Company will post 2.64 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date was Wednesday, June 4th. Halliburton's dividend payout ratio is currently 28.45%.

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.