Halliburton (NYSE:HAL) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Halliburton (NYSE:HAL) by 2.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 5,742,352 shares of the oilfield services company’s stock after purchasing an additional 115,504 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Halliburton were worth $166,815,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Country Trust Bank purchased a new position in Halliburton in the third quarter worth approximately $36,000. Bruce G. Allen Investments LLC grew its holdings in shares of 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 purchasing an additional 822 shares during the period. ORG Wealth Partners LLC purchased a new position in shares of Halliburton during the 3rd quarter worth $44,000. Venturi Wealth Management LLC increased its position in shares of Halliburton by 34.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock worth $47,000 after purchasing an additional 412 shares during the last quarter. Finally, Brown Brothers Harriman & Co. raised its holdings in Halliburton by 28.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company’s stock valued at $51,000 after buying an additional 393 shares during the period. Institutional investors and hedge funds own 85.23% of the company’s stock.

Wall Street Analyst Weigh In

HAL has been the subject of a number of recent analyst reports. Jefferies Financial Group dropped their price target on shares of Halliburton from $47.00 to $46.00 and set a “buy” rating for the company in a research report on Tuesday, September 24th. Wells Fargo & Company dropped their target price on shares of Halliburton from $46.00 to $39.00 and set an “overweight” rating for the company in a report on Wednesday, September 25th. Morgan Stanley cut their target price on Halliburton from $35.00 to $34.00 and set an “overweight” rating on the stock in a research report on Monday, November 18th. Benchmark reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Halliburton in a research note on Friday, November 8th. Finally, Royal Bank of Canada downgraded Halliburton from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from $44.00 to $37.00 in a report on Friday, September 13th. Four research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $40.74.

Halliburton Price Performance

Shares of HAL opened at $31.86 on Friday. The firm has a market capitalization of $27.99 billion, a price-to-earnings ratio of 11.10, a PEG ratio of 3.93 and a beta of 1.89. The firm’s fifty day simple moving average is $29.72 and its 200-day simple moving average is $31.81. Halliburton has a twelve month low of $27.26 and a twelve month high of $41.56. The company has a current ratio of 2.21, a quick ratio of 1.62 and a debt-to-equity ratio of 0.74.

Halliburton (NYSE:HAL) last posted its quarterly earnings results on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.02). The business had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.83 billion. Halliburton had a net margin of 11.04% and a return on equity of 28.33%. The firm’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.79 earnings per share. Equities analysts forecast that Halliburton will post 3.01 EPS for the current fiscal year.

Halliburton Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Wednesday, December 4th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.13%. The ex-dividend date is Wednesday, December 4th. Halliburton’s payout ratio is 23.69%.

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.