DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Cuts Stock Position in Halliburton (NYSE:HAL)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main decreased its holdings in Halliburton (NYSE:HAL) by 2.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 352,690 shares of the oilfield services company’s stock after selling 7,841 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in Halliburton were worth $9,590,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. HBW Advisory Services LLC boosted its position in Halliburton by 3.9% in the 4th quarter. HBW Advisory Services LLC now owns 10,504 shares of the oilfield services company’s stock valued at $286,000 after buying an additional 397 shares during the period. Blume Capital Management Inc. boosted its holdings in Halliburton by 33.3% in the fourth quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company’s stock valued at $44,000 after purchasing an additional 400 shares during the period. Wilmington Savings Fund Society FSB grew its stake in Halliburton by 3.7% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 12,776 shares of the oilfield services company’s stock worth $347,000 after purchasing an additional 453 shares in the last quarter. Integrated Wealth Concepts LLC raised its position in Halliburton by 0.6% in the 4th quarter. Integrated Wealth Concepts LLC now owns 84,675 shares of the oilfield services company’s stock valued at $2,302,000 after purchasing an additional 484 shares in the last quarter. Finally, UMB Bank n.a. raised its position in Halliburton by 14.3% in the 4th quarter. UMB Bank n.a. now owns 4,036 shares of the oilfield services company’s stock valued at $110,000 after purchasing an additional 505 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Susquehanna cut their target price on shares of Halliburton from $32.00 to $30.00 and set a “positive” rating on the stock in a research note on Wednesday, April 23rd. Stifel Nicolaus reduced their price objective on shares of Halliburton from $37.00 to $32.00 and set a “buy” rating on the stock in a report on Wednesday, April 23rd. Wells Fargo & Company lowered their target price on shares of Halliburton from $29.00 to $27.00 and set an “overweight” rating for the company in a research note on Wednesday, April 23rd. Evercore ISI decreased their price target on Halliburton from $43.00 to $35.00 and set an “outperform” rating for the company in a report on Wednesday, January 15th. Finally, The Goldman Sachs Group dropped their price objective on Halliburton from $27.00 to $24.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. Eight investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.84.

Insider Transactions at Halliburton

In other news, CFO Eric Carre sold 141,206 shares of the business’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $26.13, for a total transaction of $3,689,712.78. Following the transaction, the chief financial officer now directly owns 127,101 shares in the company, valued at $3,321,149.13. The trade was a 52.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Timothy Mckeon sold 10,497 shares of the firm’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $24.60, for a total transaction of $258,226.20. Following the completion of the sale, the vice president now owns 77,784 shares of the company’s stock, valued at approximately $1,913,486.40. The trade was a 11.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 206,782 shares of company stock worth $5,321,170 over the last 90 days. 0.56% of the stock is currently owned by insiders.

Halliburton Trading Up 0.7 %

Shares of Halliburton stock opened at $20.38 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05. The company has a market capitalization of $17.52 billion, a P/E ratio of 7.20, a PEG ratio of 3.79 and a beta of 1.19. Halliburton has a 1 year low of $18.72 and a 1 year high of $38.35. The company’s fifty day moving average is $22.54 and its two-hundred day moving average is $26.15.

Halliburton (NYSE:HAL) last released its quarterly earnings results on Tuesday, April 22nd. The oilfield services company reported $0.60 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.60. The firm had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.28 billion. Halliburton had a return on equity of 26.03% and a net margin of 10.90%. Analysts forecast that Halliburton will post 2.64 earnings per share for the current year.

Halliburton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date was Wednesday, March 5th. Halliburton’s payout ratio is currently 28.45%.

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.