Halliburton Company (NYSE:HAL) Shares Sold by Chilton Capital Management LLC

Chilton Capital Management LLC cut its stake in Halliburton Company (NYSE:HAL - Free Report) by 36.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,322 shares of the oilfield services company's stock after selling 14,007 shares during the period. Chilton Capital Management LLC's holdings in Halliburton were worth $617,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in Halliburton in the fourth quarter valued at approximately $299,986,000. Amundi lifted its stake in Halliburton by 22.2% during the 4th quarter. Amundi now owns 13,068,025 shares of the oilfield services company's stock valued at $353,242,000 after acquiring an additional 2,378,043 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of Halliburton by 15.6% in the 4th 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 acquiring an additional 2,171,722 shares during the last quarter. Twinbeech Capital LP increased its stake in shares of Halliburton by 314.1% in the fourth quarter. Twinbeech Capital LP now owns 2,044,661 shares of the oilfield services company's stock worth $55,594,000 after acquiring an additional 1,550,920 shares during the period. Finally, Freestone Grove Partners LP purchased a new position in shares of Halliburton during the fourth quarter worth $41,484,000. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Halliburton Price Performance

Shares of NYSE:HAL traded down $0.58 during midday trading on Monday, hitting $20.94. The company had a trading volume of 12,173,133 shares, compared to its average volume of 11,386,711. Halliburton Company has a twelve month low of $18.72 and a twelve month high of $37.08. The stock has a market cap of $18.00 billion, a price-to-earnings ratio of 8.76, a price-to-earnings-growth ratio of 3.37 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. The business's 50-day simple moving average is $20.81 and its 200-day simple moving average is $23.73.

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

Halliburton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th were given a $0.17 dividend. The ex-dividend date was Wednesday, June 4th. This represents a $0.68 annualized dividend and a yield of 3.25%. Halliburton's payout ratio is 28.45%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Citigroup cut their price target on Halliburton from $33.00 to $31.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Susquehanna decreased their price target on Halliburton from $32.00 to $30.00 and set a "positive" rating for the company in a report on Wednesday, April 23rd. Barclays lowered their price objective on Halliburton from $29.00 to $26.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 23rd. Morgan Stanley cut their target price on shares of Halliburton from $34.00 to $28.00 and set an "overweight" rating for the company in a report on Friday, May 16th. Finally, Stifel Nicolaus dropped their price target on shares of Halliburton from $37.00 to $32.00 and set a "buy" rating on the stock in a research 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 stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $33.53.

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.