Halliburton Company (NYSE:HAL) Shares Sold by IFM Investors Pty Ltd

IFM Investors Pty Ltd lowered its holdings in Halliburton Company (NYSE:HAL - Free Report) by 12.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 224,102 shares of the oilfield services company's stock after selling 32,905 shares during the quarter. IFM Investors Pty Ltd's holdings in Halliburton were worth $5,685,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Mascagni Wealth Management Inc. purchased a new position in Halliburton in the fourth quarter worth $28,000. Horrell Capital Management Inc. acquired a new stake in shares of Halliburton during the fourth quarter worth $33,000. Vermillion Wealth Management Inc. acquired a new stake in shares of Halliburton during the fourth quarter worth $39,000. Blume Capital Management Inc. lifted its stake in shares of Halliburton by 33.3% during the fourth quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company's stock worth $44,000 after buying an additional 400 shares during the period. Finally, Versant Capital Management Inc lifted its stake in shares of Halliburton by 830.5% during the first quarter. Versant Capital Management Inc now owns 2,047 shares of the oilfield services company's stock worth $52,000 after buying an additional 1,827 shares during the period. Hedge funds and other institutional investors own 85.23% of the company's stock.

Halliburton Stock Up 0.6%

Halliburton stock traded up $0.14 during mid-day trading on Thursday, reaching $22.18. 11,247,042 shares of the company's stock were exchanged, compared to its average volume of 11,477,212. The company has a market cap of $19.06 billion, a P/E ratio of 9.28, a P/E/G ratio of 3.49 and a beta of 1.13. Halliburton Company has a twelve month low of $18.72 and a twelve month high of $37.08. The company has a quick ratio of 1.46, a current ratio of 1.98 and a debt-to-equity ratio of 0.69. The company has a fifty day moving average of $20.89 and a 200-day moving average of $23.67.

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

Halliburton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Investors 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 3.07%. The ex-dividend date of this dividend was Wednesday, June 4th. Halliburton's dividend payout ratio (DPR) is 28.45%.

Analysts Set New Price Targets

HAL has been the subject of several research reports. Morgan Stanley lowered 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. 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. Wells Fargo & Company upped their price target on shares of Halliburton from $27.00 to $28.00 and gave the company an "overweight" rating in a report on Thursday, June 5th. Barclays lowered their price target on shares of Halliburton from $29.00 to $26.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 23rd. Finally, Stifel Nicolaus lowered their price target on shares of Halliburton from $37.00 to $32.00 and set a "buy" 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 stock has a consensus rating of "Moderate Buy" and an average target price of $33.53.

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.