Charles Schwab Investment Management Inc. Sells 464,195 Shares of Halliburton (NYSE:HAL)

Charles Schwab Investment Management Inc. lessened its holdings in Halliburton (NYSE:HAL - Free Report) by 8.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,248,149 shares of the oilfield services company's stock after selling 464,195 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.59% of Halliburton worth $152,459,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in HAL. Country Trust Bank purchased a new stake in Halliburton during the third quarter worth about $36,000. Bruce G. Allen Investments LLC raised its holdings in shares of Halliburton by 274.9% in 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 bought a new stake in shares of Halliburton in the 3rd quarter worth approximately $44,000. Venturi Wealth Management LLC grew its holdings in Halliburton by 34.2% during the third quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company's stock valued at $47,000 after purchasing an additional 412 shares during the period. Finally, Beacon Capital Management LLC lifted its position in shares of Halliburton by 28.8% during the 1st quarter. Beacon Capital Management LLC now owns 1,382 shares of the oilfield services company's stock valued at $54,000 after buying an additional 309 shares during the last quarter. 85.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Barclays lowered their price objective on Halliburton from $47.00 to $43.00 and set an "overweight" rating on the stock in a research note on Friday, November 8th. Benchmark reaffirmed a "buy" rating and issued a $40.00 price objective on shares of Halliburton in a report on Friday, November 8th. The Goldman Sachs Group lowered their target price on shares of Halliburton from $47.00 to $40.00 and set a "buy" rating on the stock in a report on Thursday, August 29th. Wells Fargo & Company reduced their price target on Halliburton from $46.00 to $39.00 and set an "overweight" rating for the company in a research report on Wednesday, September 25th. Finally, Bank of America dropped their price objective on Halliburton from $40.00 to $38.00 and set a "buy" rating on the stock in a report on Monday, October 14th. Four analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Halliburton currently has a consensus rating of "Moderate Buy" and an average target price of $40.74.

Halliburton Trading Up 0.2 %

NYSE:HAL traded up $0.05 during trading hours on Monday, reaching $31.99. The company's stock had a trading volume of 15,172,802 shares, compared to its average volume of 8,120,001. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.62 and a current ratio of 2.21. The firm has a market capitalization of $28.10 billion, a price-to-earnings ratio of 11.13, a PEG ratio of 3.93 and a beta of 1.89. The firm has a 50-day simple moving average of $29.45 and a 200-day simple moving average of $31.97. Halliburton has a 1 year low of $27.26 and a 1 year high of $41.56.

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 for the quarter, missing analysts' consensus estimates of $0.75 by ($0.02). The company had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.83 billion. Halliburton had a net margin of 11.04% and a return on equity of 28.33%. The company's revenue was down 1.8% on a year-over-year basis. During the same period last year, the firm posted $0.79 EPS. Research analysts expect that Halliburton will post 3.01 EPS for the current fiscal year.

Halliburton Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Wednesday, December 4th will be issued 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 yield of 2.13%. Halliburton's dividend payout ratio is currently 23.69%.

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.