Entropy Technologies LP Buys 76,458 Shares of Halliburton (NYSE:HAL)

Entropy Technologies LP grew its stake in Halliburton (NYSE:HAL - Free Report) by 157.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 124,983 shares of the oilfield services company's stock after buying an additional 76,458 shares during the quarter. Entropy Technologies LP's holdings in Halliburton were worth $3,631,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Versor Investments LP bought a new position in shares of Halliburton in the third quarter worth about $1,289,000. Buckingham Capital Management Inc. boosted its stake in shares of Halliburton by 26.3% in the third quarter. Buckingham Capital Management Inc. now owns 52,322 shares of the oilfield services company's stock worth $1,520,000 after acquiring an additional 10,897 shares during the period. Venturi Wealth Management LLC boosted its stake in shares of Halliburton by 34.2% in the third quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company's stock worth $47,000 after acquiring an additional 412 shares during the period. United Capital Management of KS Inc. boosted its stake in shares of Halliburton by 6.4% in the third quarter. United Capital Management of KS Inc. now owns 131,592 shares of the oilfield services company's stock worth $3,823,000 after acquiring an additional 7,953 shares during the period. Finally, Mitchell Mcleod Pugh & Williams Inc. boosted its stake in shares of Halliburton by 17.8% in the third quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 7,424 shares of the oilfield services company's stock worth $216,000 after acquiring an additional 1,120 shares during the period. Hedge funds and other institutional investors own 85.23% of the company's stock.

Halliburton Trading Up 0.2 %

HAL traded up $0.06 during trading on Tuesday, hitting $30.19. 8,940,775 shares of the stock were exchanged, compared to its average volume of 8,059,561. The firm has a 50 day simple moving average of $29.08 and a 200 day simple moving average of $32.39. The firm has a market cap of $26.65 billion, a price-to-earnings ratio of 10.51, a P/E/G ratio of 1.93 and a beta of 1.89. Halliburton has a 1 year low of $27.26 and a 1 year high of $41.56. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.54 and a current ratio of 2.21.

Halliburton (NYSE:HAL - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The oilfield services company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.02). The firm had revenue of $5.70 billion for the quarter, compared to analysts' expectations of $5.83 billion. Halliburton had a return on equity of 28.33% and a net margin of 11.04%. The company's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.79 earnings per share. As a group, equities analysts expect that Halliburton will post 3.09 EPS for the current year.

Halliburton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th were issued a dividend of $0.17 per share. The ex-dividend date was Wednesday, September 4th. This represents a $0.68 annualized dividend and a yield of 2.25%. Halliburton's payout ratio is currently 23.69%.

Wall Street Analyst Weigh In

HAL has been the subject of a number of recent analyst reports. Evercore ISI dropped their price objective on Halliburton from $52.00 to $48.00 and set an "outperform" rating for the company in a research note on Monday, July 22nd. Jefferies Financial Group dropped their price target on Halliburton from $47.00 to $46.00 and set a "buy" rating for the company in a research note on Tuesday, September 24th. JPMorgan Chase & Co. dropped their price target on Halliburton from $45.00 to $40.00 and set an "overweight" rating for the company in a research note on Monday, July 22nd. Dbs Bank initiated coverage on Halliburton in a research note on Wednesday, September 18th. They set a "buy" rating and a $45.00 price target for the company. Finally, Wells Fargo & Company dropped their price target on Halliburton from $46.00 to $39.00 and set an "overweight" rating for the company in a research note on Wednesday, September 25th. Four research 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 stock. According to MarketBeat.com, Halliburton presently has an average rating of "Moderate Buy" and a consensus target price of $40.79.

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.