Bosman Wealth Management LLC Decreases Stock Holdings in Halliburton Company (NYSE:HAL)

Bosman Wealth Management LLC lessened its holdings in shares of Halliburton Company (NYSE:HAL - Free Report) by 61.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,073 shares of the oilfield services company's stock after selling 46,177 shares during the quarter. Bosman Wealth Management LLC's holdings in Halliburton were worth $738,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Sanders Capital LLC grew its stake in Halliburton by 1.6% in the 4th quarter. Sanders Capital LLC now owns 24,372,694 shares of the oilfield services company's stock valued at $662,694,000 after buying an additional 375,054 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Halliburton by 4.4% in 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 acquiring an additional 908,271 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of Halliburton by 15.6% in the fourth 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 in the last quarter. Norges Bank bought a new stake in shares of Halliburton during the 4th quarter valued at $299,986,000. Finally, Invesco Ltd. lifted its holdings in Halliburton by 10.6% during the 4th quarter. Invesco Ltd. now owns 10,082,800 shares of the oilfield services company's stock worth $274,151,000 after purchasing an additional 968,583 shares in the last quarter. Hedge funds and other institutional investors own 85.23% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on HAL shares. Barclays reduced their target price on Halliburton from $29.00 to $26.00 and set an "equal weight" rating for the company in a report on Wednesday, April 23rd. Morgan Stanley reduced their price objective on shares of Halliburton from $34.00 to $28.00 and set an "overweight" rating for the company in a research note on Friday, May 16th. Hsbc Global Res upgraded shares of Halliburton to a "hold" rating in a research note on Wednesday, April 23rd. Susquehanna reduced their price target on shares of Halliburton from $32.00 to $30.00 and set a "positive" rating for the company in a research report on Wednesday, April 23rd. Finally, UBS Group lowered their price objective on Halliburton from $22.00 to $21.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 2nd. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat.com, Halliburton currently has an average rating of "Moderate Buy" and an average price target of $33.53.

Halliburton Trading Up 4.1%

Shares of HAL traded up $0.90 during mid-day trading on Friday, reaching $23.06. The company's stock had a trading volume of 20,170,398 shares, compared to its average volume of 11,546,591. Halliburton Company has a 52 week low of $18.72 and a 52 week high of $37.08. The stock has a market cap of $19.83 billion, a PE ratio of 9.65, a P/E/G ratio of 3.49 and a beta of 1.13. The company's fifty day moving average price is $20.94 and its two-hundred day moving average price is $23.64. The company has a current ratio of 1.98, a quick ratio of 1.46 and a debt-to-equity ratio of 0.69.

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 the consensus estimate of $0.60. Halliburton had a net margin of 9.31% and a return on equity of 24.01%. The business had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.28 billion. On average, analysts predict that Halliburton Company will post 2.64 earnings per share for the current fiscal year.

Halliburton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th were issued a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $0.68 annualized dividend and a dividend yield of 2.95%. Halliburton's dividend payout ratio is currently 28.45%.

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.