Halliburton (NYSE:HAL) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC lifted its position in Halliburton (NYSE:HAL - Free Report) by 0.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,630,361 shares of the oilfield services company's stock after acquiring an additional 172,505 shares during the period. Geode Capital Management LLC owned 2.35% of Halliburton worth $597,234,000 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 the company. Pacer Advisors Inc. grew its holdings in shares of Halliburton by 17,317.6% during the second quarter. Pacer Advisors Inc. now owns 13,631,188 shares of the oilfield services company's stock worth $460,462,000 after buying an additional 13,552,927 shares in the last quarter. LSV Asset Management grew its stake in Halliburton by 24,954.1% during the 2nd quarter. LSV Asset Management now owns 2,730,900 shares of the oilfield services company's stock valued at $92,250,000 after acquiring an additional 2,720,000 shares in the last quarter. Thompson Siegel & Walmsley LLC purchased a new position in Halliburton in the 3rd quarter worth approximately $55,132,000. Dimensional Fund Advisors LP boosted its holdings in shares of Halliburton by 20.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 10,087,115 shares of the oilfield services company's stock worth $340,752,000 after purchasing an additional 1,681,620 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its position in shares of Halliburton by 22.0% in the third quarter. Thrivent Financial for Lutherans now owns 5,520,383 shares of the oilfield services company's stock valued at $160,367,000 after purchasing an additional 995,649 shares in the last quarter. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Halliburton Stock Down 0.7 %

HAL stock traded down $0.21 during midday trading on Friday, hitting $28.68. The company's stock had a trading volume of 6,643,513 shares, compared to its average volume of 8,132,795. The firm has a 50-day simple moving average of $29.80 and a 200-day simple moving average of $31.40. The firm has a market capitalization of $25.20 billion, a P/E ratio of 9.99, a PEG ratio of 3.61 and a beta of 1.90. The company has a quick ratio of 1.62, a current ratio of 2.21 and a debt-to-equity ratio of 0.74. Halliburton has a 52-week low of $27.26 and a 52-week 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 (EPS) 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 analysts' expectations of $5.83 billion. Halliburton had a net margin of 11.04% and a return on equity of 28.33%. The company's revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter last year, the business posted $0.79 earnings per share. As a group, equities analysts forecast that Halliburton will post 3 EPS for the current year.

Halliburton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Wednesday, December 4th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $0.68 annualized dividend and a yield of 2.37%. Halliburton's dividend payout ratio (DPR) is 23.69%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on HAL. UBS Group lowered Halliburton from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $36.00 to $34.00 in a research note on Monday. Benchmark reissued a "buy" rating and issued a $40.00 price objective on shares of Halliburton in a report on Friday, November 8th. Susquehanna reduced their target price on shares of Halliburton from $42.00 to $40.00 and set a "positive" rating on the stock in a research note on Friday, November 8th. Morgan Stanley dropped their price target on shares of Halliburton from $35.00 to $34.00 and set an "overweight" rating for the company in a research note on Monday, November 18th. Finally, Dbs Bank started coverage on shares of Halliburton in a research report on Wednesday, September 18th. They set a "buy" rating and a $45.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $40.58.

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.