Halliburton Company (NYSE:HAL) Shares Sold by M&T Bank Corp

M&T Bank Corp lessened its stake in shares of Halliburton Company (NYSE:HAL - Free Report) by 14.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 95,672 shares of the oilfield services company's stock after selling 16,018 shares during the period. M&T Bank Corp's holdings in Halliburton were worth $2,427,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Sanders Capital LLC raised its holdings in shares of 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 purchasing an additional 375,054 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of 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 purchasing an additional 908,271 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of 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 worth $437,587,000 after purchasing an additional 2,171,722 shares during the last quarter. Norges Bank purchased a new position in shares of Halliburton during the fourth quarter worth $299,986,000. Finally, Invesco Ltd. raised its holdings in shares of Halliburton by 10.6% during the fourth 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 during the last quarter. Hedge funds and other institutional investors own 85.23% of the company's stock.

Wall Street Analyst Weigh In

HAL has been the subject of several recent research reports. Stifel Nicolaus reduced their target price on shares of Halliburton from $37.00 to $32.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Wells Fargo & Company raised their target price on shares of Halliburton from $27.00 to $28.00 and gave the stock an "overweight" rating in a report on Thursday, June 5th. Barclays reduced their target price on shares of Halliburton from $29.00 to $26.00 and set an "equal weight" rating for the company in a report on Wednesday, April 23rd. The Goldman Sachs Group lowered their price target on shares of Halliburton from $27.00 to $24.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Finally, Susquehanna lowered their price target on shares of Halliburton from $32.00 to $30.00 and set a "positive" rating on the stock in a report on Wednesday, April 23rd. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $33.53.

Halliburton Price Performance

HAL traded up $0.90 during midday trading on Friday, hitting $23.06. 20,170,398 shares of the company traded hands, compared to its average volume of 11,565,691. The company has a current ratio of 1.98, a quick ratio of 1.46 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $19.83 billion, a price-to-earnings ratio of 9.65, a PEG ratio of 3.63 and a beta of 1.13. Halliburton Company has a 52-week low of $18.72 and a 52-week high of $37.08. The business has a 50 day simple moving average of $20.99 and a two-hundred day simple moving average of $23.60.

Halliburton (NYSE:HAL - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The oilfield services company reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60. The business had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $5.28 billion. Halliburton had a net margin of 9.31% and a return on equity of 24.01%. On average, equities analysts forecast that Halliburton Company will post 2.64 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date was Wednesday, June 4th. Halliburton's dividend payout ratio (DPR) is 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.