Baader Bank Aktiengesellschaft Invests $439,000 in Halliburton (NYSE:HAL)

Baader Bank Aktiengesellschaft purchased a new position in Halliburton (NYSE:HAL) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 16,134 shares of the oilfield services company’s stock, valued at approximately $439,000.

Other institutional investors have also recently made changes to their positions in the company. Cary Street Partners Asset Management LLC grew its position in shares of Halliburton by 56.5% during the 3rd quarter. Cary Street Partners Asset Management LLC now owns 157,085 shares of the oilfield services company’s stock valued at $4,563,000 after acquiring an additional 56,707 shares during the period. Pacer Advisors Inc. grew its holdings in shares of Halliburton by 23.1% during the third quarter. Pacer Advisors Inc. now owns 16,782,174 shares of the oilfield services company’s stock worth $487,522,000 after buying an additional 3,150,986 shares in the last quarter. Quest Partners LLC lifted its stake in Halliburton by 2,418.9% in the 3rd quarter. Quest Partners LLC now owns 78,387 shares of the oilfield services company’s stock worth $2,277,000 after purchasing an additional 75,275 shares in the last quarter. Semanteon Capital Management LP acquired a new position in Halliburton during the third quarter worth $1,181,000. Finally, Sage Capital Advisors llc purchased a new stake in shares of Halliburton in the fourth quarter valued at about $7,469,000. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Analyst Upgrades and Downgrades

HAL has been the subject of several recent analyst reports. Benchmark cut their target price on Halliburton from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. Raymond James lowered shares of Halliburton from a “strong-buy” rating to a “market perform” rating in a report on Monday, January 6th. Royal Bank of Canada reissued a “sector perform” rating and set a $34.00 price objective on shares of Halliburton in a research report on Thursday, January 23rd. Evercore ISI dropped their target price on Halliburton from $43.00 to $35.00 and set an “outperform” rating on the stock in a report on Wednesday, January 15th. Finally, Jefferies Financial Group reduced their price objective on shares of Halliburton from $43.00 to $41.00 and set a “buy” rating for the company in a research report on Friday, January 3rd. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $37.42.

Halliburton Stock Up 0.5 %

Shares of NYSE HAL opened at $26.51 on Friday. The firm has a 50-day moving average price of $28.58 and a 200 day moving average price of $29.83. Halliburton has a 52 week low of $25.51 and a 52 week high of $41.56. The company has a quick ratio of 1.62, a current ratio of 2.05 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $23.28 billion, a price-to-earnings ratio of 9.37, a price-to-earnings-growth ratio of 3.58 and a beta of 1.91.

Halliburton (NYSE:HAL) last released its quarterly earnings data on Thursday, November 7th. The oilfield services company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.02). Halliburton had a return on equity of 26.03% and a net margin of 10.90%. The business had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.83 billion. During the same quarter in the prior year, the firm earned $0.79 earnings per share. Halliburton’s quarterly revenue was down 1.8% on a year-over-year basis. Equities research analysts anticipate that Halliburton will post 2.94 EPS for the current fiscal year.

Halliburton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 26th. Investors of record on Wednesday, December 4th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.57%. The ex-dividend date was Wednesday, December 4th. Halliburton’s payout ratio is 24.03%.

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.