Halliburton Company (NYSE:HAL) Stock Holdings Increased by Cerity Partners LLC

Cerity Partners LLC raised its holdings in shares of Halliburton Company (NYSE:HAL - Free Report) by 19.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 430,406 shares of the oilfield services company's stock after acquiring an additional 68,936 shares during the quarter. Cerity Partners LLC's holdings in Halliburton were worth $10,919,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Sanders Capital LLC increased its position in shares of Halliburton by 1.6% during the fourth quarter. Sanders Capital LLC now owns 24,372,694 shares of the oilfield services company's stock worth $662,694,000 after purchasing an additional 375,054 shares in the last quarter. Geode Capital Management LLC increased its stake in Halliburton by 4.4% in the fourth quarter. Geode Capital Management LLC now owns 21,538,632 shares of the oilfield services company's stock valued at $584,139,000 after purchasing an additional 908,271 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of Halliburton by 15.6% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 16,093,680 shares of the oilfield services company's stock valued at $437,587,000 after buying an additional 2,171,722 shares during the last quarter. Norges Bank acquired a new stake in shares of Halliburton during the fourth quarter worth about $299,986,000. Finally, Invesco Ltd. grew its holdings in shares of Halliburton by 10.6% during the fourth quarter. Invesco Ltd. now owns 10,082,800 shares of the oilfield services company's stock worth $274,151,000 after buying an additional 968,583 shares during the last quarter. Hedge funds and other institutional investors own 85.23% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on HAL shares. Susquehanna reduced their price objective on Halliburton from $32.00 to $30.00 and set a "positive" rating for the company in a research note on Wednesday, April 23rd. UBS Group decreased their price target on Halliburton from $22.00 to $21.00 and set a "neutral" rating for the company in a report on Wednesday, July 2nd. The Goldman Sachs Group lowered their price objective on shares of Halliburton from $27.00 to $24.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Stifel Nicolaus dropped their price objective on shares of Halliburton from $37.00 to $32.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Finally, Citigroup dropped their price target on shares of Halliburton from $33.00 to $31.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, Halliburton currently has a consensus rating of "Moderate Buy" and an average target price of $33.53.

Halliburton Stock Down 2.7%

Shares of HAL traded down $0.60 during mid-day trading on Tuesday, reaching $21.43. 12,990,749 shares of the stock traded hands, compared to its average volume of 11,602,058. The stock has a fifty day simple moving average of $21.03 and a 200 day simple moving average of $23.54. Halliburton Company has a 12-month low of $18.72 and a 12-month high of $37.08. The company has a quick ratio of 1.46, a current ratio of 1.98 and a debt-to-equity ratio of 0.69. The firm has a market cap of $18.42 billion, a price-to-earnings ratio of 8.96, a P/E/G ratio of 3.64 and a beta of 1.13.

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

Halliburton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $0.68 dividend on an annualized basis and a yield of 3.17%. Halliburton's dividend payout ratio (DPR) is presently 28.45%.

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.