Universal Beteiligungs und Servicegesellschaft mbH Cuts Stock Holdings in Halliburton Company (NYSE:HAL)

Universal Beteiligungs und Servicegesellschaft mbH trimmed its position in Halliburton Company (NYSE:HAL - Free Report) by 19.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 997,855 shares of the oilfield services company's stock after selling 246,417 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.12% of Halliburton worth $25,316,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of HAL. Sei Investments Co. raised its stake in Halliburton by 18.2% in the 4th quarter. Sei Investments Co. now owns 278,934 shares of the oilfield services company's stock worth $7,584,000 after purchasing an additional 42,876 shares in the last quarter. ORG Partners LLC increased its holdings in shares of Halliburton by 13,675.2% during the first quarter. ORG Partners LLC now owns 17,219 shares of the oilfield services company's stock worth $440,000 after purchasing an additional 17,094 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in Halliburton by 33.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 159,533 shares of the oilfield services company's stock worth $4,047,000 after acquiring an additional 40,109 shares during the period. NEOS Investment Management LLC lifted its position in shares of Halliburton by 31.4% during the 4th quarter. NEOS Investment Management LLC now owns 52,051 shares of the oilfield services company's stock valued at $1,415,000 after acquiring an additional 12,443 shares during the period. Finally, Resona Asset Management Co. Ltd. acquired a new stake in shares of Halliburton during the 4th quarter worth $7,236,000. Institutional investors and hedge funds own 85.23% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Citigroup cut their price objective on shares of Halliburton from $33.00 to $31.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Stifel Nicolaus dropped their price objective on Halliburton from $31.00 to $29.00 and set a "buy" rating for the company in a research report on Wednesday. UBS Group reduced their price objective on Halliburton from $21.00 to $20.00 and set a "neutral" rating on the stock in a research note on Wednesday. Susquehanna lowered their target price on Halliburton from $30.00 to $27.00 and set a "positive" rating for the company in a research note on Wednesday. Finally, Royal Bank Of Canada decreased their price target on shares of Halliburton from $28.00 to $24.00 and set a "sector perform" rating on the stock in a report on Wednesday. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $31.61.

Halliburton Stock Up 0.2%

Shares of NYSE HAL traded up $0.05 during trading on Friday, hitting $22.47. 15,727,914 shares of the company traded hands, compared to its average volume of 14,436,213. The firm has a market capitalization of $19.31 billion, a price-to-earnings ratio of 10.50, a P/E/G ratio of 3.79 and a beta of 1.13. The business's fifty day moving average is $21.22 and its 200 day moving average is $23.21. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.46 and a current ratio of 2.00. Halliburton Company has a fifty-two week low of $18.72 and a fifty-two week high of $34.97.

Halliburton (NYSE:HAL - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The oilfield services company reported $0.55 EPS for the quarter, meeting analysts' consensus estimates of $0.55. The firm had revenue of $5.51 billion during the quarter, compared to analysts' expectations of $5.43 billion. Halliburton had a return on equity of 21.45% and a net margin of 8.37%. The company's revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.80 earnings per share. Equities research analysts predict 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. Shareholders of record on Wednesday, June 4th were paid a dividend of $0.17 per share. 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 3.03%. Halliburton's dividend payout ratio (DPR) is presently 31.78%.

About Halliburton

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.