Mackenzie Financial Corp Lowers Position in Halliburton (NYSE:HAL)

Mackenzie Financial Corp cut its position in Halliburton (NYSE:HAL - Free Report) by 16.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 100,774 shares of the oilfield services company's stock after selling 19,298 shares during the quarter. Mackenzie Financial Corp's holdings in Halliburton were worth $2,740,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new position in Halliburton in the fourth quarter valued at approximately $299,986,000. Amundi boosted its stake in Halliburton by 22.2% in the fourth quarter. Amundi now owns 13,068,025 shares of the oilfield services company's stock valued at $353,242,000 after buying an additional 2,378,043 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in 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 buying an additional 2,171,722 shares in the last quarter. Twinbeech Capital LP boosted its stake in Halliburton by 314.1% in the fourth quarter. Twinbeech Capital LP now owns 2,044,661 shares of the oilfield services company's stock valued at $55,594,000 after buying an additional 1,550,920 shares in the last quarter. Finally, Freestone Grove Partners LP bought a new position in shares of Halliburton in the fourth quarter worth about $41,484,000. 85.23% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on HAL. Citigroup dropped their target price on shares of Halliburton from $33.00 to $31.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Stifel Nicolaus dropped 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. The Goldman Sachs Group lowered their target price on Halliburton from $27.00 to $24.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Hsbc Global Res upgraded Halliburton to a "hold" rating in a research report on Wednesday, April 23rd. Finally, UBS Group lowered their price objective on Halliburton from $23.00 to $22.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Eight analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $33.53.

Insider Activity at Halliburton

In related news, VP Timothy Mckeon sold 10,497 shares of the company's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $24.60, for a total transaction of $258,226.20. Following the transaction, the vice president now directly owns 77,784 shares of the company's stock, valued at approximately $1,913,486.40. This represents a 11.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Margaret Katherine Banks sold 3,900 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $24.04, for a total value of $93,756.00. Following the transaction, the director now directly owns 10,551 shares in the company, valued at approximately $253,646.04. This trade represents a 26.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 65,576 shares of company stock worth $1,631,457 in the last 90 days. Corporate insiders own 0.56% of the company's stock.

Halliburton Trading Down 2.4%

Shares of Halliburton stock traded down $0.48 on Friday, hitting $19.60. 34,031,709 shares of the company's stock traded hands, compared to its average volume of 10,864,116. Halliburton has a one year low of $18.72 and a one year high of $37.08. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 1.54. The company has a fifty day moving average of $21.21 and a two-hundred day moving average of $25.31. The company has a market capitalization of $16.85 billion, a price-to-earnings ratio of 6.93, a price-to-earnings-growth ratio of 3.79 and a beta of 1.19.

Halliburton (NYSE:HAL - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The oilfield services company reported $0.60 EPS for the quarter, meeting the consensus estimate of $0.60. Halliburton had a return on equity of 26.03% and a net margin of 10.90%. The company had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.28 billion. As a group, sell-side analysts expect that Halliburton will post 2.64 earnings per share for the current year.

Halliburton Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $0.68 annualized dividend and a dividend yield of 3.47%. Halliburton's payout ratio is 28.45%.

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.