Gulf International Bank UK Ltd Has $1.29 Million Stock Holdings in Halliburton Company $HAL

Key Points

• Gulf International Bank UK Ltd reduced its stake in Halliburton by 28.1% in the first quarter, selling 19,827 shares and ending with 50,659 shares valued at $1,285,000.
• Recently, several hedge funds have made changes to their positions in Halliburton, leading to institutional investors now holding 85.23% of the company's stock.
• Halliburton reported a net margin of 8.37% and a return on equity of 21.45% in its latest earnings report, with a revenue of $5.51 billion for the quarter.

Gulf International Bank UK Ltd decreased its position in shares of Halliburton Company (NYSE:HAL - Free Report) by 28.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 50,659 shares of the oilfield services company's stock after selling 19,827 shares during the period. Gulf International Bank UK Ltd's holdings in Halliburton were worth $1,285,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of HAL. Charles Schwab Investment Management Inc. raised its holdings in Halliburton by 450.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 29,941,771 shares of the oilfield services company's stock valued at $759,623,000 after buying an additional 24,506,472 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in Halliburton by 15.6% during 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 buying an additional 2,171,722 shares in the last quarter. Invesco Ltd. raised its holdings in Halliburton by 7.3% during the first quarter. Invesco Ltd. now owns 10,813,905 shares of the oilfield services company's stock valued at $274,349,000 after buying an additional 731,105 shares in the last quarter. Northern Trust Corp raised its holdings in Halliburton by 16.2% during the fourth quarter. Northern Trust Corp now owns 9,184,850 shares of the oilfield services company's stock valued at $249,736,000 after buying an additional 1,283,094 shares in the last quarter. Finally, LSV Asset Management raised its holdings in Halliburton by 3.3% during the first quarter. LSV Asset Management now owns 6,113,044 shares of the oilfield services company's stock valued at $155,088,000 after buying an additional 193,022 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Stifel Nicolaus cut their target price on Halliburton from $31.00 to $29.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. Wells Fargo & Company cut their target price on Halliburton from $28.00 to $26.00 and set an "overweight" rating on the stock in a report on Wednesday, July 23rd. Barclays dropped their price objective on Halliburton from $26.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 23rd. Hsbc Global Res upgraded Halliburton to a "hold" rating in a research note on Wednesday, April 23rd. Finally, Royal Bank Of Canada dropped their price objective on Halliburton from $28.00 to $24.00 and set a "sector perform" rating on the stock in a research note on Wednesday, July 23rd. Fourteen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $32.05.

Halliburton Price Performance

Shares of HAL stock traded down $0.0150 during trading hours on Wednesday, hitting $21.0950. The company had a trading volume of 4,611,919 shares, compared to its average volume of 13,639,165. Halliburton Company has a 12 month low of $18.72 and a 12 month high of $32.57. The firm has a market capitalization of $17.99 billion, a price-to-earnings ratio of 9.82, a PEG ratio of 3.73 and a beta of 1.12. The firm's fifty day moving average is $21.66 and its 200 day moving average is $22.46. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.47 and a current ratio of 2.00.

Halliburton (NYSE:HAL - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The oilfield services company reported $0.55 EPS for the quarter, hitting analysts' consensus estimates of $0.55. The business had revenue of $5.51 billion for the quarter, compared to analyst estimates of $5.43 billion. Halliburton had a return on equity of 21.45% and a net margin of 8.37%.Halliburton's revenue for the quarter was down 5.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.80 EPS. On average, sell-side analysts predict that Halliburton Company will post 2.64 EPS for the current fiscal year.

Halliburton Announces Dividend

The firm also recently declared 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 3.2%. Halliburton's dividend payout ratio is 31.78%.

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.