Cwm LLC Boosts Stock Holdings in Halliburton Company (NYSE:HAL)

CWM LLC lifted its position in Halliburton Company (NYSE:HAL - Free Report) by 137.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 83,929 shares of the oilfield services company's stock after purchasing an additional 48,592 shares during the period. CWM LLC's holdings in Halliburton were worth $2,129,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Sanders Capital LLC lifted its holdings in 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 buying an additional 375,054 shares during the period. Geode Capital Management LLC lifted its holdings in Halliburton by 4.4% during the fourth quarter. Geode Capital Management LLC now owns 21,538,632 shares of the oilfield services company's stock worth $584,139,000 after buying an additional 908,271 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of Halliburton by 15.6% during 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 purchasing an additional 2,171,722 shares during the last quarter. Norges Bank purchased a new stake in shares of Halliburton during the 4th quarter valued at $299,986,000. Finally, Invesco Ltd. lifted its holdings in shares of Halliburton by 10.6% during the 4th quarter. Invesco Ltd. now owns 10,082,800 shares of the oilfield services company's stock valued at $274,151,000 after purchasing 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

A number of equities analysts recently issued reports on the company. Wells Fargo & Company raised their target price on Halliburton from $27.00 to $28.00 and gave the stock an "overweight" rating in a research note on Thursday, June 5th. Stifel Nicolaus dropped their target price on Halliburton from $32.00 to $31.00 and set a "buy" rating on the stock in a research report on Wednesday. Susquehanna dropped their target price on Halliburton from $32.00 to $30.00 and set a "positive" rating on the stock in a research report on Wednesday, April 23rd. Morgan Stanley lowered their price objective on Halliburton from $34.00 to $28.00 and set an "overweight" rating on the stock in a report on Friday, May 16th. Finally, UBS Group decreased their target price on shares of Halliburton from $22.00 to $21.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 2nd. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, Halliburton currently has an average rating of "Moderate Buy" and a consensus target price of $33.47.

Halliburton Stock Down 1.4%

Shares of NYSE:HAL traded down $0.31 during trading on Friday, hitting $21.23. The company's stock had a trading volume of 14,974,478 shares, compared to its average volume of 11,593,067. The business has a 50 day moving average price of $21.15 and a two-hundred day moving average price of $23.41. The company has a market capitalization of $18.25 billion, a PE ratio of 8.88, a P/E/G ratio of 3.35 and a beta of 1.13. 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 Company has a fifty-two week low of $18.72 and a fifty-two week high of $34.97.

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

Halliburton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th were issued a dividend of $0.17 per share. The ex-dividend date was Wednesday, June 4th. This represents a $0.68 annualized dividend and a yield of 3.20%. Halliburton's dividend payout ratio is currently 28.45%.

Halliburton Company 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.