Groupama Asset Managment Has $293,000 Position in Halliburton (NYSE:HAL)

Groupama Asset Managment lessened its holdings in shares of Halliburton (NYSE:HAL - Free Report) by 44.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,007,093 shares of the oilfield services company's stock after selling 810,866 shares during the quarter. Groupama Asset Managment owned 0.11% of Halliburton worth $293,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Halliburton by 6.2% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 273,119 shares of the oilfield services company's stock valued at $7,934,000 after purchasing an additional 15,849 shares in the last quarter. MML Investors Services LLC lifted its stake in Halliburton by 3.5% in the third quarter. MML Investors Services LLC now owns 40,505 shares of the oilfield services company's stock valued at $1,177,000 after buying an additional 1,369 shares in the last quarter. XTX Topco Ltd lifted its stake in Halliburton by 17.0% in the third quarter. XTX Topco Ltd now owns 81,151 shares of the oilfield services company's stock valued at $2,357,000 after buying an additional 11,796 shares in the last quarter. National Bank of Canada FI increased its position in shares of Halliburton by 84.1% during the third quarter. National Bank of Canada FI now owns 454,004 shares of the oilfield services company's stock worth $13,189,000 after acquiring an additional 207,452 shares in the last quarter. Finally, Goldstream Capital Management Ltd acquired a new stake in shares of Halliburton during the third quarter worth $242,000. 85.23% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on HAL shares. Wells Fargo & Company lowered their target price on Halliburton from $46.00 to $39.00 and set an "overweight" rating for the company in a report on Wednesday, September 25th. Susquehanna decreased their price objective on Halliburton from $42.00 to $40.00 and set a "positive" rating for the company in a report on Friday, November 8th. Benchmark restated a "buy" rating and issued a $40.00 target price on shares of Halliburton in a research note on Friday, November 8th. Royal Bank of Canada cut shares of Halliburton from an "outperform" rating to a "sector perform" rating and decreased their price target for the stock from $44.00 to $37.00 in a research note on Friday, September 13th. Finally, Jefferies Financial Group cut their price objective on shares of Halliburton from $47.00 to $46.00 and set a "buy" rating on the stock in a research report on Tuesday, September 24th. Five research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Halliburton currently has an average rating of "Moderate Buy" and an average price target of $40.58.

Halliburton Stock Performance

Shares of HAL traded down $0.01 during trading hours on Tuesday, hitting $29.07. The company had a trading volume of 6,594,131 shares, compared to its average volume of 8,135,991. The business has a fifty day moving average of $29.87 and a 200-day moving average of $31.48. 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 firm has a market cap of $25.53 billion, a price-to-earnings ratio of 10.13, a PEG ratio of 3.56 and a beta of 1.90. Halliburton has a 12 month low of $27.26 and a 12 month high of $41.56.

Halliburton (NYSE:HAL - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.02). The company 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 company's revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the business earned $0.79 earnings per share. Equities analysts anticipate that Halliburton will post 3 EPS for the current fiscal year.

Halliburton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Wednesday, December 4th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend is Wednesday, December 4th. Halliburton's dividend payout ratio is currently 23.69%.

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.