Federation des caisses Desjardins du Quebec Sells 40,502 Shares of Halliburton Company $HAL

Federation des caisses Desjardins du Quebec cut its position in Halliburton Company (NYSE:HAL - Free Report) by 40.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 59,188 shares of the oilfield services company's stock after selling 40,502 shares during the quarter. Federation des caisses Desjardins du Quebec's holdings in Halliburton were worth $1,502,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Perbak Capital Partners LLP acquired a new stake in shares of Halliburton during the first quarter worth $366,000. EP Wealth Advisors LLC raised its stake in Halliburton by 58.5% in the 1st quarter. EP Wealth Advisors LLC now owns 18,515 shares of the oilfield services company's stock worth $470,000 after purchasing an additional 6,835 shares in the last quarter. Focus Partners Advisor Solutions LLC acquired a new position in shares of Halliburton during the 1st quarter worth approximately $435,000. Energy Income Partners LLC increased its holdings in shares of Halliburton by 28.4% during the first quarter. Energy Income Partners LLC now owns 554,372 shares of the oilfield services company's stock worth $14,064,000 after purchasing an additional 122,519 shares during the period. Finally, Retirement Planning Co of New England Inc. acquired a new stake in shares of Halliburton in the first quarter valued at approximately $307,000. Institutional investors own 85.23% of the company's stock.

Halliburton Price Performance

Shares of HAL stock traded down $0.06 on Friday, reaching $22.25. The company had a trading volume of 6,732,274 shares, compared to its average volume of 9,990,366. The stock has a market capitalization of $18.97 billion, a PE ratio of 10.40 and a beta of 1.10. The company has a quick ratio of 1.47, a current ratio of 2.00 and a debt-to-equity ratio of 0.68. The business's 50-day moving average is $21.85 and its 200 day moving average is $21.98. Halliburton Company has a one year low of $18.72 and a one year high of $32.57.

Halliburton (NYSE:HAL - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The oilfield services company reported $0.55 EPS for the quarter, meeting the consensus estimate of $0.55. The business had revenue of $5.51 billion during the quarter, compared to the consensus estimate of $5.43 billion. Halliburton had a net margin of 8.37% and a return on equity of 21.45%. The firm's revenue was down 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.80 EPS. Equities research analysts forecast that Halliburton Company will post 2.64 EPS for the current fiscal year.

Halliburton Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 3rd will be given a dividend of $0.17 per share. The ex-dividend date is Wednesday, September 3rd. This represents a $0.68 dividend on an annualized basis and a yield of 3.1%. Halliburton's payout ratio is currently 31.78%.

Wall Street Analyst Weigh In

HAL has been the topic of a number of analyst reports. UBS Group increased their price target on Halliburton from $20.00 to $21.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 20th. Melius Research initiated coverage on Halliburton in a research report on Wednesday, August 20th. They set a "buy" rating and a $41.00 target price for the company. Barclays decreased their price target on Halliburton from $26.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 23rd. Stifel Nicolaus cut their price objective on shares of Halliburton from $31.00 to $29.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. Finally, Wells Fargo & Company reduced their price objective on shares of Halliburton from $28.00 to $26.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 23rd. Fourteen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $32.05.

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.