Bowman & Co S.C. Reduces Holdings in Halliburton (NYSE:HAL)

Bowman & Co S.C. trimmed its position in shares of Halliburton (NYSE:HAL - Free Report) by 28.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,885 shares of the oilfield services company's stock after selling 8,435 shares during the quarter. Bowman & Co S.C.'s holdings in Halliburton were worth $568,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Country Trust Bank acquired a new position in shares of Halliburton in the third quarter worth about $36,000. Modus Advisors LLC acquired a new stake in Halliburton in the fourth quarter valued at approximately $38,000. Continuum Advisory LLC raised its stake in shares of Halliburton by 101.2% during the 3rd quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company's stock worth $42,000 after buying an additional 698 shares during the period. ORG Wealth Partners LLC purchased a new position in shares of Halliburton during the 3rd quarter valued at approximately $44,000. Finally, Venturi Wealth Management LLC grew its stake in Halliburton by 34.2% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company's stock valued at $47,000 after acquiring an additional 412 shares during the period. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Halliburton Trading Up 2.3 %

NYSE:HAL traded up $0.69 on Friday, reaching $29.96. 14,132,064 shares of the company's stock were exchanged, compared to its average volume of 7,861,310. The firm has a market capitalization of $26.32 billion, a price-to-earnings ratio of 10.44, a price-to-earnings-growth ratio of 3.36 and a beta of 1.91. 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 2.21 and a debt-to-equity ratio of 0.74. The business has a fifty day moving average of $28.94 and a 200-day moving average of $30.13.

Halliburton (NYSE:HAL - Get Free Report) last released its earnings results on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.75 by ($0.02). The business had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.83 billion. Halliburton had a return on equity of 28.33% and a net margin of 11.04%. Halliburton's quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.79 earnings per share. As a group, analysts expect that Halliburton will post 2.99 earnings per share for the current year.

Halliburton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 26th. Stockholders of record on Wednesday, December 4th were issued a $0.17 dividend. The ex-dividend date was Wednesday, December 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.27%. Halliburton's payout ratio is 23.69%.

Analysts Set New Price Targets

HAL has been the topic of several research analyst reports. Morgan Stanley dropped their target price on shares of Halliburton from $35.00 to $34.00 and set an "overweight" rating on the stock in a research report on Monday, November 18th. UBS Group cut Halliburton from a "buy" rating to a "neutral" rating and reduced their target price for the company from $36.00 to $34.00 in a report on Monday, December 9th. Evercore ISI dropped their price objective on shares of Halliburton from $43.00 to $35.00 and set an "outperform" rating for the company in a research note on Wednesday. Susquehanna cut their target price on Halliburton from $42.00 to $40.00 and set a "positive" rating for the company in a research note on Friday, November 8th. Finally, Bank of America reduced their price target on Halliburton from $40.00 to $38.00 and set a "buy" rating on the stock in a report on Monday, October 14th. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat.com, Halliburton has a consensus rating of "Moderate Buy" and an average target price of $38.26.

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.