Natixis Advisors LLC Cuts Stock Position in Halliburton Company (NYSE:HAL)

Key Points

• Natixis Advisors LLC has reduced its stake in Halliburton Company by 44%, now holding 263,183 shares valued at approximately $6.68 million.
• Multiple research analysts have recently downgraded Halliburton's target price, with the average consensus now set at $31.00, while eight analysts continue to support a "hold" rating.
• Halliburton declared a quarterly dividend of $0.17 per share, yielding around 3.1%, with a payout ratio of 31.78%.

Natixis Advisors LLC trimmed its position in shares of Halliburton Company (NYSE:HAL - Free Report) by 44.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 263,183 shares of the oilfield services company's stock after selling 206,442 shares during the quarter. Natixis Advisors LLC's holdings in Halliburton were worth $6,677,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Mascagni Wealth Management Inc. purchased a new position in Halliburton during the fourth quarter worth $28,000. Hexagon Capital Partners LLC boosted its stake in Halliburton by 87.4% during the first quarter. Hexagon Capital Partners LLC now owns 1,407 shares of the oilfield services company's stock worth $36,000 after buying an additional 656 shares during the period. Vermillion Wealth Management Inc. purchased a new position in Halliburton during the fourth quarter worth $39,000. Versant Capital Management Inc boosted its stake 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 buying an additional 1,827 shares during the period. Finally, Wayfinding Financial LLC purchased a new position in Halliburton during the first quarter worth $57,000. 85.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Hsbc Global Res raised shares of Halliburton to a "hold" rating in a research note on Wednesday, April 23rd. Stifel Nicolaus decreased their target price on Halliburton from $31.00 to $29.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. Citigroup decreased their target price on Halliburton from $33.00 to $31.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Susquehanna decreased their target price on Halliburton from $30.00 to $27.00 and set a "positive" rating for the company in a research report on Wednesday, July 23rd. Finally, UBS Group decreased their target price on Halliburton from $21.00 to $20.00 and set a "neutral" rating for the company in a research report on Wednesday, July 23rd. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, Halliburton presently has an average rating of "Moderate Buy" and a consensus price target of $31.00.

Halliburton Price Performance

HAL opened at $21.69 on Tuesday. The business's 50-day moving average is $21.48 and its two-hundred day moving average is $22.92. Halliburton Company has a 1 year low of $18.72 and a 1 year high of $32.57. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.00 and a quick ratio of 1.47. The firm has a market capitalization of $18.49 billion, a PE ratio of 10.14, a price-to-earnings-growth ratio of 3.74 and a beta of 1.12.

Halliburton (NYSE:HAL - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The oilfield services company reported $0.55 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.55. Halliburton had a return on equity of 21.45% and a net margin of 8.37%. The company had revenue of $5.51 billion for the quarter, compared to analyst estimates of $5.43 billion. During the same quarter in the previous year, the firm earned $0.80 earnings per share. The firm's quarterly revenue was down 5.5% compared to the same quarter last year. Research analysts anticipate that Halliburton Company will post 2.64 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th were paid a dividend of $0.17 per share. The ex-dividend date was Wednesday, June 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.1%. Halliburton's payout ratio is presently 31.78%.

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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