Halliburton (NYSE:HAL) Shares Bought by IFM Investors Pty Ltd

IFM Investors Pty Ltd increased its stake in Halliburton (NYSE:HAL) by 16.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 224,102 shares of the oilfield services company’s stock after purchasing an additional 31,280 shares during the period. IFM Investors Pty Ltd’s holdings in Halliburton were worth $6,510,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of HAL. Country Trust Bank purchased a new position in Halliburton during the 3rd quarter worth approximately $36,000. Bruce G. Allen Investments LLC raised its position in Halliburton by 274.9% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 1,121 shares of the oilfield services company’s stock worth $38,000 after buying an additional 822 shares during the last quarter. ORG Wealth Partners LLC purchased a new position in Halliburton during the 3rd quarter worth approximately $44,000. Crewe Advisors LLC purchased a new position in Halliburton during the 1st quarter worth approximately $46,000. Finally, Beacon Capital Management LLC raised its position in Halliburton by 28.8% during the 1st quarter. Beacon Capital Management LLC now owns 1,382 shares of the oilfield services company’s stock worth $54,000 after buying an additional 309 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on HAL shares. Benchmark reissued a “buy” rating and set a $42.00 price target on shares of Halliburton in a research report on Monday, July 22nd. BMO Capital Markets cut their target price on shares of Halliburton from $40.00 to $38.00 and set a “market perform” rating for the company in a report on Thursday, October 10th. Barclays cut their target price on shares of Halliburton from $48.00 to $47.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. TD Cowen cut their target price on shares of Halliburton from $47.00 to $45.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Finally, The Goldman Sachs Group cut their target price on shares of Halliburton from $47.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Four research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Halliburton currently has a consensus rating of “Moderate Buy” and an average target price of $41.74.

Halliburton Trading Up 1.4 %

Shares of HAL stock opened at $28.24 on Friday. The company’s 50-day moving average price is $29.75 and its 200-day moving average price is $33.39. The company has a current ratio of 2.13, a quick ratio of 1.54 and a debt-to-equity ratio of 0.76. The stock has a market cap of $25.00 billion, a price-to-earnings ratio of 9.77, a PEG ratio of 1.04 and a beta of 1.88. Halliburton has a twelve month low of $27.51 and a twelve month high of $41.56.

Halliburton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th were issued a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $0.68 annualized dividend and a yield of 2.41%. Halliburton’s dividend payout ratio (DPR) is currently 23.53%.

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.