Worldquant Millennium Advisors LLC Invests $2.82 Million in Halliburton (NYSE:HAL)

Worldquant Millennium Advisors LLC bought a new position in shares of Halliburton (NYSE:HAL - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 96,913 shares of the oilfield services company's stock, valued at approximately $2,815,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Wahed Invest LLC raised its position in shares of Halliburton by 8.6% during the third quarter. Wahed Invest LLC now owns 21,405 shares of the oilfield services company's stock valued at $622,000 after buying an additional 1,694 shares during the last quarter. Stifel Financial Corp raised its position in shares of Halliburton by 2.2% during the third quarter. Stifel Financial Corp now owns 223,334 shares of the oilfield services company's stock valued at $6,488,000 after buying an additional 4,707 shares during the last quarter. Quadrature Capital Ltd acquired a new position in shares of Halliburton during the third quarter valued at about $1,749,000. Quantinno Capital Management LP raised its position in shares of Halliburton by 25.5% during the third quarter. Quantinno Capital Management LP now owns 69,617 shares of the oilfield services company's stock valued at $2,022,000 after buying an additional 14,134 shares during the last quarter. Finally, Royal London Asset Management Ltd. raised its position in shares of Halliburton by 23.4% during the third quarter. Royal London Asset Management Ltd. now owns 1,107,644 shares of the oilfield services company's stock valued at $32,177,000 after buying an additional 209,839 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company's stock.

Analyst Ratings Changes

HAL has been the subject of a number of research analyst reports. Jefferies Financial Group cut their price objective 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. Stifel Nicolaus dropped their price target on shares of Halliburton from $45.00 to $42.00 and set a "buy" rating for the company in a research report on Friday, October 11th. Bank of America dropped their price target on shares of Halliburton from $40.00 to $38.00 and set a "buy" rating for the company in a research report on Monday, October 14th. Wells Fargo & Company dropped their price target on shares of Halliburton from $46.00 to $39.00 and set an "overweight" rating for the company in a research report on Wednesday, September 25th. Finally, Benchmark reissued a "buy" rating and issued a $40.00 price target on shares of Halliburton in a research report on Friday, November 8th. Five analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $40.58.

Halliburton Trading Up 1.0 %

HAL traded up $0.29 during trading on Monday, reaching $29.07. 8,135,227 shares of the company's stock were exchanged, compared to its average volume of 8,142,486. The company's fifty day moving average price is $29.87 and its 200-day moving average price is $31.48. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.62 and a current ratio of 2.21. Halliburton has a fifty-two week low of $27.26 and a fifty-two week high of $41.56. The firm has a market capitalization of $25.54 billion, a PE ratio of 10.13, a P/E/G ratio of 3.56 and a beta of 1.90.

Halliburton (NYSE:HAL - Get Free Report) last released its earnings results on Thursday, November 7th. The oilfield services company reported $0.73 EPS for the quarter, missing analysts' consensus estimates of $0.75 by ($0.02). Halliburton had a return on equity of 28.33% and a net margin of 11.04%. The business had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.83 billion. During the same period in the prior year, the firm posted $0.79 EPS. Halliburton's revenue was down 1.8% on a year-over-year basis. As a group, equities analysts forecast that Halliburton will post 3 EPS for the current year.

Halliburton Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Wednesday, December 4th will be given a dividend of $0.17 per share. The ex-dividend date is Wednesday, December 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.34%. Halliburton's dividend payout ratio is 23.69%.

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.