Bank of New York Mellon Corp Sells 601,895 Shares of Halliburton Company (NYSE:HAL)

Bank of New York Mellon Corp decreased its holdings in Halliburton Company (NYSE:HAL - Free Report) by 8.7% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 6,282,763 shares of the oilfield services company's stock after selling 601,895 shares during the period. Bank of New York Mellon Corp owned approximately 0.73% of Halliburton worth $159,394,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HAL. Mascagni Wealth Management Inc. acquired a new position in shares of Halliburton during the 4th quarter valued at $28,000. Horrell Capital Management Inc. purchased a new position in Halliburton in the 4th quarter worth approximately $33,000. Vermillion Wealth Management Inc. acquired a new position in shares of Halliburton during the fourth quarter worth $39,000. Blume Capital Management Inc. boosted its stake in shares of Halliburton by 33.3% in the fourth quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company's stock valued at $44,000 after purchasing an additional 400 shares during the period. Finally, Versant Capital Management Inc grew its holdings in Halliburton by 830.5% during the 1st quarter. Versant Capital Management Inc now owns 2,047 shares of the oilfield services company's stock valued at $52,000 after purchasing an additional 1,827 shares in the last quarter. 85.23% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HAL. Hsbc Global Res raised Halliburton to a "hold" rating in a report on Wednesday, April 23rd. Stifel Nicolaus decreased their price objective on shares of Halliburton from $37.00 to $32.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Susquehanna reduced their price target on shares of Halliburton from $32.00 to $30.00 and set a "positive" rating on the stock in a research report on Wednesday, April 23rd. Barclays decreased their price target on shares of Halliburton from $29.00 to $26.00 and set an "equal weight" rating for the company in a report on Wednesday, April 23rd. Finally, UBS Group cut their price objective on shares of Halliburton from $22.00 to $21.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 2nd. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $33.53.

Halliburton Trading Up 0.4%

Halliburton stock traded up $0.10 during midday trading on Thursday, reaching $22.14. The stock had a trading volume of 5,938,538 shares, compared to its average volume of 11,457,116. The firm's fifty day simple moving average is $20.89 and its two-hundred day simple moving average is $23.67. The firm has a market cap of $19.03 billion, a price-to-earnings ratio of 9.29, a PEG ratio of 3.49 and a beta of 1.13. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.98 and a quick ratio of 1.46. Halliburton Company has a twelve month low of $18.72 and a twelve month high of $37.08.

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 for the quarter, hitting the consensus estimate of $0.60. The company had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.28 billion. Halliburton had a return on equity of 24.01% and a net margin of 9.31%. Equities analysts anticipate that Halliburton Company will post 2.64 EPS for the current fiscal year.

Halliburton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th were issued 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 28.45%.

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.