Halliburton (NYSE:HAL) Position Trimmed by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its holdings in Halliburton (NYSE:HALFree Report) by 3.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 125,731 shares of the oilfield services company’s stock after selling 4,033 shares during the period. Mutual of America Capital Management LLC’s holdings in Halliburton were worth $5,092,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. First Capital Advisors Group LLC. bought a new stake in shares of Halliburton during the second quarter valued at approximately $26,000. Ogorek Anthony Joseph NY ADV increased its position in shares of Halliburton by 1,134.6% during the third quarter. Ogorek Anthony Joseph NY ADV now owns 1,000 shares of the oilfield services company’s stock valued at $40,000 after purchasing an additional 919 shares during the period. Live Oak Investment Partners bought a new stake in shares of Halliburton during the fourth quarter valued at approximately $43,000. Quarry LP bought a new stake in shares of Halliburton during the first quarter valued at approximately $34,000. Finally, Impact Partnership Wealth LLC bought a new stake in shares of Halliburton during the third quarter valued at approximately $45,000. 82.09% of the stock is currently owned by institutional investors.

Halliburton Trading Down 1.5 %

Shares of HAL opened at $34.51 on Monday. The stock’s fifty day simple moving average is $35.50 and its 200-day simple moving average is $38.30. The firm has a market capitalization of $30.72 billion, a PE ratio of 11.78, a price-to-earnings-growth ratio of 0.86 and a beta of 2.01. Halliburton has a 12-month low of $27.84 and a 12-month high of $43.85. The company has a quick ratio of 1.48, a current ratio of 2.06 and a debt-to-equity ratio of 0.81.

Halliburton (NYSE:HALGet Free Report) last posted its quarterly earnings results on Tuesday, January 23rd. The oilfield services company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.06. The business had revenue of $5.74 billion for the quarter, compared to analysts’ expectations of $5.78 billion. Halliburton had a return on equity of 31.59% and a net margin of 11.46%. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.72 earnings per share. As a group, research analysts predict that Halliburton will post 3.43 earnings per share for the current year.

Halliburton Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th will be issued a dividend of $0.17 per share. The ex-dividend date is Tuesday, March 5th. This represents a $0.68 dividend on an annualized basis and a yield of 1.97%. This is a boost from Halliburton’s previous quarterly dividend of $0.16. Halliburton’s dividend payout ratio (DPR) is 21.84%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HAL. Royal Bank of Canada restated an “outperform” rating and set a $45.00 price objective on shares of Halliburton in a research report on Wednesday, January 24th. Atb Cap Markets cut Halliburton from an “outperform” rating to a “sector perform” rating in a research report on Friday, December 22nd. Susquehanna lowered their price target on Halliburton from $51.00 to $49.00 and set a “positive” rating on the stock in a research report on Wednesday, January 24th. Barclays lowered their price target on Halliburton from $55.00 to $54.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 24th. Finally, UBS Group upped their price target on Halliburton from $44.00 to $48.00 in a research report on Monday, January 22nd. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $48.63.

Check Out Our Latest Analysis on HAL

Halliburton Company Profile

(Free Report)

Halliburton Company provides products and services to the energy industry worldwide. It operates in 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; 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; production solutions comprising coiled tubing, hydraulic workover units, downhole tools, and pumping and nitrogen services; and pipeline and process services, such as pre-commissioning, commissioning, maintenance, and decommissioning.

Further Reading

Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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