Cerity Partners LLC Grows Stock Holdings in Halliburton (NYSE:HAL)

Cerity Partners LLC grew its position in shares of Halliburton (NYSE:HAL - Free Report) by 84.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 453,649 shares of the oilfield services company's stock after acquiring an additional 207,838 shares during the quarter. Cerity Partners LLC owned 0.05% of Halliburton worth $13,179,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of HAL. Bayesian Capital Management LP bought a new stake in Halliburton in the 1st quarter valued at $374,000. Janus Henderson Group PLC boosted its position in Halliburton by 131.8% in the first quarter. Janus Henderson Group PLC now owns 278,194 shares of the oilfield services company's stock valued at $10,963,000 after buying an additional 158,169 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of Halliburton during the first quarter worth $1,616,000. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Halliburton by 25.4% during the first quarter. B. Riley Wealth Advisors Inc. now owns 23,971 shares of the oilfield services company's stock worth $971,000 after purchasing an additional 4,849 shares during the period. Finally, California State Teachers Retirement System lifted its holdings in shares of Halliburton by 13.1% during the first quarter. California State Teachers Retirement System now owns 2,617,878 shares of the oilfield services company's stock worth $103,197,000 after purchasing an additional 303,610 shares during the period. Institutional investors and hedge funds own 85.23% of the company's stock.

Halliburton Stock Down 0.8 %

Shares of HAL stock traded down $0.25 during trading hours on Tuesday, reaching $31.74. 5,085,433 shares of the company's stock were exchanged, compared to its average volume of 8,138,523. The stock's 50 day moving average is $29.52 and its 200-day moving average is $31.93. The company has a market cap of $27.88 billion, a price-to-earnings ratio of 11.15, a P/E/G ratio of 3.93 and a beta of 1.89. 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 has a fifty-two week low of $27.26 and a fifty-two week high of $41.56.

Halliburton (NYSE:HAL - Get Free Report) last issued its quarterly 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%. The business's revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.79 earnings per share. Analysts predict that Halliburton will post 3.01 earnings per share for the current fiscal year.

Halliburton Announces Dividend

The firm 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. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date is Wednesday, December 4th. Halliburton's payout ratio is presently 23.69%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Barclays cut their price target on shares of Halliburton from $47.00 to $43.00 and set an "overweight" rating on the stock in a report on Friday, November 8th. Jefferies Financial Group lowered their target price on shares of Halliburton from $47.00 to $46.00 and set a "buy" rating for the company in a research note on Tuesday, September 24th. Raymond James decreased their price target on shares of Halliburton from $41.00 to $37.00 and set a "strong-buy" rating for the company in a research note on Friday, November 8th. UBS Group cut their price target on shares of Halliburton from $41.00 to $37.00 and set a "buy" rating on the stock in a report on Wednesday, September 18th. Finally, Stifel Nicolaus dropped their price target on Halliburton from $45.00 to $42.00 and set a "buy" rating for the company in a research report on Friday, October 11th. Four investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $40.74.

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.