Massachusetts Financial Services Co. MA lowered its stake in shares of Halliburton Company (NYSE:HAL - Free Report) by 0.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,066,002 shares of the oilfield services company's stock after selling 23,398 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.36% of Halliburton worth $77,784,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Mascagni Wealth Management Inc. acquired a new position in shares of Halliburton during the 4th quarter valued at about $28,000. Horrell Capital Management Inc. acquired a new position in shares of Halliburton during the 4th quarter valued at about $33,000. Hexagon Capital Partners LLC increased its stake in shares of Halliburton by 87.4% during the 1st quarter. Hexagon Capital Partners LLC now owns 1,407 shares of the oilfield services company's stock valued at $36,000 after acquiring an additional 656 shares during the last quarter. Vermillion Wealth Management Inc. purchased a new stake in shares of Halliburton during the 4th quarter worth about $39,000. Finally, Versant Capital Management Inc grew its holdings in shares of Halliburton by 830.5% during the 1st 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 period. Institutional investors and hedge funds own 85.23% of the company's stock.
Halliburton Stock Performance
Shares of HAL traded down $0.31 during trading hours on Friday, reaching $21.23. 14,973,671 shares of the company's stock traded hands, compared to its average volume of 11,620,921. The firm has a market capitalization of $18.25 billion, a price-to-earnings ratio of 8.88, a P/E/G ratio of 3.36 and a beta of 1.13. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.98 and a quick ratio of 1.46. Halliburton Company has a twelve month low of $18.72 and a twelve month high of $37.08. The business's fifty day simple moving average is $21.13 and its two-hundred day simple moving average is $23.47.
Halliburton (NYSE:HAL - Get Free Report) last issued 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. The company had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.28 billion. Halliburton had a return on equity of 24.01% and a net margin of 9.31%. Analysts predict that Halliburton Company will post 2.64 earnings per share for the current year.
Halliburton Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date was Wednesday, June 4th. Halliburton's payout ratio is currently 28.45%.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on HAL. Morgan Stanley decreased their target price on Halliburton from $34.00 to $28.00 and set an "overweight" rating for the company in a report on Friday, May 16th. Wells Fargo & Company boosted their target price on Halliburton from $27.00 to $28.00 and gave the stock an "overweight" rating in a report on Thursday, June 5th. UBS Group decreased their target price on Halliburton from $22.00 to $21.00 and set a "neutral" rating for the company in a report on Wednesday, July 2nd. Citigroup decreased their target price on Halliburton from $33.00 to $31.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Finally, Hsbc Global Res upgraded Halliburton to a "hold" rating in a report on Wednesday, April 23rd. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, Halliburton currently has an average rating of "Moderate Buy" and a consensus price target of $33.47.
Get Our Latest Analysis on HAL
Halliburton Profile
(
Free Report)
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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