CWA Asset Management Group LLC Lowers Holdings in Halliburton Company (NYSE:HAL)

CWA Asset Management Group LLC lowered its position in shares of Halliburton Company (NYSE:HAL - Free Report) by 21.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 113,337 shares of the oilfield services company's stock after selling 31,412 shares during the period. CWA Asset Management Group LLC's holdings in Halliburton were worth $2,875,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Kingswood Wealth Advisors LLC purchased a new position in Halliburton during the 1st quarter valued at about $286,000. Medici Capital LLC lifted its position in shares of Halliburton by 993.1% in the 1st quarter. Medici Capital LLC now owns 191,300 shares of the oilfield services company's stock worth $4,853,000 after purchasing an additional 173,800 shares during the period. Chicago Capital LLC purchased a new position in Halliburton during the first quarter valued at approximately $212,000. Great Lakes Retirement Inc. raised its stake in Halliburton by 8.2% in the first quarter. Great Lakes Retirement Inc. now owns 25,867 shares of the oilfield services company's stock worth $656,000 after buying an additional 1,960 shares in the last quarter. Finally, Sowell Financial Services LLC lifted its holdings in Halliburton by 5.5% during the first quarter. Sowell Financial Services LLC now owns 24,036 shares of the oilfield services company's stock worth $610,000 after buying an additional 1,262 shares during the period. 85.23% of the stock is currently owned by institutional investors.

Halliburton Stock Down 3.3%

Halliburton stock opened at $22.25 on Thursday. The business's 50-day simple moving average is $20.84 and its two-hundred day simple moving average is $24.44. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.46 and a current ratio of 1.98. The company has a market cap of $19.13 billion, a PE ratio of 9.31, a PEG ratio of 3.59 and a beta of 1.14. Halliburton Company has a fifty-two week low of $18.72 and a fifty-two week 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 EPS for the quarter, meeting 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 analyst estimates of $5.28 billion. Equities analysts anticipate that Halliburton Company will post 2.64 EPS for the current year.

Halliburton Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 3.06%. The ex-dividend date of this dividend is Wednesday, June 4th. Halliburton's dividend payout ratio (DPR) is currently 28.45%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports 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 report on Thursday, April 24th. Wells Fargo & Company lifted their target price on Halliburton from $27.00 to $28.00 and gave the company an "overweight" rating in a research note on Thursday, June 5th. UBS Group reduced their target price on shares of Halliburton from $23.00 to $22.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Morgan Stanley lowered their price target on shares of Halliburton from $34.00 to $28.00 and set an "overweight" rating on the stock in a report on Friday, May 16th. Finally, Susquehanna cut their price objective 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. Eight equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, Halliburton currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.58.

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.

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