USS Investment Management Ltd Has $5.24 Million Stock Holdings in Halliburton Company $HAL

Key Points

• USS Investment Management Ltd reduced its stake in Halliburton Company by 19.7%, selling 50,800 shares and holding 206,749 shares valued at approximately $5.24 million.
• Other hedge funds, such as Charles Schwab Investment Management Inc. and Deutsche Bank AG, have significantly increased their stakes in Halliburton, with Charles Schwab raising its holdings by 450.9%.
• Analysts have adjusted their price targets on Halliburton, with UBS Group raising their target to $21.00, while Barclays lowered theirs to $22.00, highlighting a mix of optimism and caution regarding the company's stock performance.

USS Investment Management Ltd lowered its stake in Halliburton Company (NYSE:HAL - Free Report) by 19.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 206,749 shares of the oilfield services company's stock after selling 50,800 shares during the quarter. USS Investment Management Ltd's holdings in Halliburton were worth $5,244,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of HAL. Baird Financial Group Inc. grew its stake in shares of Halliburton by 30.9% in the fourth quarter. Baird Financial Group Inc. now owns 19,255 shares of the oilfield services company's stock valued at $524,000 after buying an additional 4,549 shares in the last quarter. Captrust Financial Advisors grew its stake in shares of Halliburton by 14.7% in the fourth quarter. Captrust Financial Advisors now owns 49,817 shares of the oilfield services company's stock valued at $1,355,000 after buying an additional 6,383 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of Halliburton by 26.6% in the fourth quarter. Cetera Investment Advisers now owns 128,118 shares of the oilfield services company's stock valued at $3,484,000 after buying an additional 26,939 shares in the last quarter. Deutsche Bank AG lifted its stake in shares of Halliburton by 38.2% in the fourth quarter. Deutsche Bank AG now owns 5,356,849 shares of the oilfield services company's stock worth $145,653,000 after acquiring an additional 1,481,110 shares in the last quarter. Finally, Ensign Peak Advisors Inc boosted its holdings in Halliburton by 62.8% in the fourth quarter. Ensign Peak Advisors Inc now owns 229,857 shares of the oilfield services company's stock valued at $6,250,000 after purchasing an additional 88,650 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company's stock.

Halliburton Stock Performance

NYSE:HAL traded down $0.06 during midday trading on Friday, reaching $22.25. 6,732,274 shares of the company traded hands, compared to its average volume of 9,990,366. Halliburton Company has a twelve month low of $18.72 and a twelve month high of $32.57. The firm has a market capitalization of $18.97 billion, a price-to-earnings ratio of 10.40 and a beta of 1.10. 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 company has a fifty day moving average price of $21.85 and a 200 day moving average price of $21.98.

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

Halliburton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 3rd will be given a dividend of $0.17 per share. The ex-dividend date is Wednesday, September 3rd. This represents a $0.68 dividend on an annualized basis and a yield of 3.1%. Halliburton's payout ratio is currently 31.78%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on HAL shares. Barclays reduced their price target on Halliburton from $26.00 to $22.00 and set an "equal weight" rating for the company in a report on Wednesday, July 23rd. UBS Group upped their price objective on Halliburton from $20.00 to $21.00 and gave the company a "neutral" rating in a research note on Wednesday, August 20th. Wells Fargo & Company reduced their target price on Halliburton from $28.00 to $26.00 and set an "overweight" rating on the stock in a report on Wednesday, July 23rd. Susquehanna reduced their target price on Halliburton from $30.00 to $27.00 and set a "positive" rating on the stock in a report on Wednesday, July 23rd. Finally, Stifel Nicolaus reduced their target price on Halliburton from $31.00 to $29.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. Fourteen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat, Halliburton has an average rating of "Moderate Buy" and a consensus price target of $32.05.

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.