Chilton Capital Management LLC Sells 14,007 Shares of Halliburton Company (NYSE:HAL)

Chilton Capital Management LLC cut its position in Halliburton Company (NYSE:HAL - Free Report) by 36.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund 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 SEC filing.

Several other large investors have also bought and sold shares of the company. Concurrent Investment Advisors LLC raised its holdings in Halliburton by 22.9% in the first quarter. Concurrent Investment Advisors LLC now owns 128,351 shares of the oilfield services company's stock worth $3,256,000 after buying an additional 23,887 shares during the last quarter. Wayfinding Financial LLC purchased a new position in shares of Halliburton during the first quarter valued at approximately $57,000. Eukles Asset Management raised 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 valued at $350,000 after purchasing an additional 1,494 shares during the last quarter. Argyle Capital Management LLC raised 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 valued at $1,522,000 after purchasing an additional 3,299 shares during the last quarter. Finally, OneDigital Investment Advisors LLC purchased a new position in shares of Halliburton during the first quarter valued at approximately $213,000. 85.23% of the stock is owned by hedge funds and other institutional investors.

Halliburton Price Performance

Shares of HAL traded up $0.14 during mid-day trading on Thursday, reaching $22.18. The stock had a trading volume of 11,247,121 shares, compared to its average volume of 11,477,214. The firm has a market cap of $19.06 billion, a price-to-earnings ratio of 9.28, a PEG ratio of 3.49 and a beta of 1.13. Halliburton Company has a 12 month low of $18.72 and a 12 month high of $37.08. The business has a fifty day moving average of $20.89 and a 200 day moving average of $23.67. 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 (NYSE:HAL - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The oilfield services company reported $0.60 earnings per share for the quarter, hitting analysts' consensus estimates of $0.60. The business 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%. Equities analysts predict that Halliburton Company will post 2.64 EPS for the current year.

Halliburton Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Hsbc Global Res raised shares of Halliburton to a "hold" rating in a report on Wednesday, April 23rd. Barclays decreased their price objective 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. Susquehanna decreased their price objective on shares of Halliburton from $32.00 to $30.00 and set a "positive" rating for the company in a report on Wednesday, April 23rd. Morgan Stanley decreased their price objective 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, Wells Fargo & Company boosted their target price on shares of Halliburton from $27.00 to $28.00 and gave the company an "overweight" rating in a research report on Thursday, June 5th. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average 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.