Janney Montgomery Scott LLC Sells 12,472 Shares of Halliburton Company (NYSE:HAL)

Janney Montgomery Scott LLC trimmed its holdings in Halliburton Company (NYSE:HAL - Free Report) by 6.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 178,441 shares of the oilfield services company's stock after selling 12,472 shares during the quarter. Janney Montgomery Scott LLC's holdings in Halliburton were worth $4,527,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Mascagni Wealth Management Inc. acquired a new position in Halliburton during the 4th quarter valued at about $28,000. Horrell Capital Management Inc. bought a new stake in Halliburton in the 4th quarter valued at $33,000. Vermillion Wealth Management Inc. acquired a new position in shares of Halliburton during the fourth quarter worth about $39,000. Blume Capital Management Inc. boosted its position in Halliburton by 33.3% during the 4th quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company's stock worth $44,000 after acquiring an additional 400 shares during the last quarter. Finally, Versant Capital Management Inc boosted its holdings in 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 purchasing an additional 1,827 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Susquehanna decreased their price target on Halliburton from $32.00 to $30.00 and set a "positive" rating for the company in a research note on Wednesday, April 23rd. The Goldman Sachs Group decreased their price target on shares of Halliburton from $27.00 to $24.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. UBS Group lowered their price objective on Halliburton from $23.00 to $22.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Hsbc Global Res upgraded shares of Halliburton to a "hold" rating in a research report on Wednesday, April 23rd. Finally, Barclays cut their price objective on shares of Halliburton from $29.00 to $26.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 23rd. Eight analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, Halliburton has a consensus rating of "Moderate Buy" and an average target price of $33.58.

Halliburton Stock Performance

NYSE:HAL opened at $22.26 on Monday. 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 Company has a 1-year low of $18.72 and a 1-year high of $37.08. The stock's 50-day moving average is $20.91 and its 200-day moving average is $24.23. The stock has a market cap of $19.14 billion, a P/E ratio of 9.31, a price-to-earnings-growth ratio of 3.48 and a beta of 1.14.

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

Halliburton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 3.06%. The ex-dividend date is Wednesday, June 4th. Halliburton's dividend payout ratio (DPR) is presently 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.

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