Nisa Investment Advisors LLC Trims Stock Holdings in Halliburton Company (NYSE:HAL)

Nisa Investment Advisors LLC cut its holdings in Halliburton Company (NYSE:HAL - Free Report) by 20.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 51,596 shares of the oilfield services company's stock after selling 13,029 shares during the quarter. Nisa Investment Advisors LLC's holdings in Halliburton were worth $1,309,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Proficio Capital Partners LLC purchased a new position in shares of Halliburton during the fourth quarter valued at $4,084,000. Independent Advisor Alliance increased its stake in Halliburton by 29.0% during the fourth quarter. Independent Advisor Alliance now owns 10,625 shares of the oilfield services company's stock valued at $289,000 after acquiring an additional 2,390 shares during the period. Commonwealth Equity Services LLC boosted its stake in Halliburton by 8.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 166,130 shares of the oilfield services company's stock worth $4,517,000 after buying an additional 13,537 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in Halliburton by 21.2% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 9,228 shares of the oilfield services company's stock worth $251,000 after purchasing an additional 1,615 shares during the period. Finally, Cibc World Markets Corp lifted its holdings in shares of Halliburton by 15.8% during the fourth quarter. Cibc World Markets Corp now owns 138,837 shares of the oilfield services company's stock valued at $3,775,000 after acquiring an additional 18,894 shares during the period. 85.23% of the stock is owned by institutional investors and hedge funds.

Halliburton Price Performance

Shares of HAL traded down $0.60 during trading hours on Tuesday, reaching $21.43. 12,990,749 shares of the company traded hands, compared to its average volume of 11,602,058. Halliburton Company has a fifty-two week low of $18.72 and a fifty-two week 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 stock has a fifty day simple moving average of $21.03 and a 200 day simple moving average of $23.54. The stock has a market capitalization of $18.42 billion, a PE ratio of 8.96, a price-to-earnings-growth ratio of 3.64 and a beta of 1.13.

Halliburton (NYSE:HAL - Get Free Report) last posted 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. The company had revenue of $5.42 billion during 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%. As a group, research analysts predict that Halliburton Company will post 2.64 EPS for the current fiscal year.

Halliburton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th were paid a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $0.68 dividend on an annualized basis and a yield of 3.17%. Halliburton's payout ratio is presently 28.45%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on HAL. Wells Fargo & Company upped their price objective on shares of Halliburton from $27.00 to $28.00 and gave the stock an "overweight" rating in a research note on Thursday, June 5th. The Goldman Sachs Group lowered their target price on shares of 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 raised shares of Halliburton to a "hold" rating in a research note on Wednesday, April 23rd. Citigroup lowered their price target on Halliburton from $33.00 to $31.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Finally, UBS Group reduced their price objective on Halliburton from $22.00 to $21.00 and set a "neutral" rating for the company in a research report on Wednesday, July 2nd. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus 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.