Guinness Asset Management LTD Decreases Stock Holdings in Halliburton (NYSE:HAL)

Guinness Asset Management LTD reduced its stake in shares of Halliburton (NYSE:HAL - Free Report) by 13.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 307,773 shares of the oilfield services company's stock after selling 46,410 shares during the quarter. Guinness Asset Management LTD's holdings in Halliburton were worth $8,349,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HAL. UMB Bank n.a. lifted its holdings in shares of Halliburton by 14.3% in the 4th quarter. UMB Bank n.a. now owns 4,036 shares of the oilfield services company's stock valued at $110,000 after purchasing an additional 505 shares during the last quarter. Ballast Inc. boosted its holdings in shares of Halliburton by 65.8% in the fourth quarter. Ballast Inc. now owns 25,045 shares of the oilfield services company's stock valued at $681,000 after acquiring an additional 9,943 shares during the period. Ameritas Advisory Services LLC grew its position in Halliburton by 14.3% during the 4th quarter. Ameritas Advisory Services LLC now owns 7,974 shares of the oilfield services company's stock worth $217,000 after purchasing an additional 999 shares during the last quarter. HB Wealth Management LLC raised its stake in Halliburton by 17.9% during the 4th quarter. HB Wealth Management LLC now owns 13,345 shares of the oilfield services company's stock valued at $363,000 after acquiring an additional 2,030 shares during the last quarter. Finally, Brooklyn Investment Group lifted its holdings in shares of Halliburton by 100.0% during the fourth quarter. Brooklyn Investment Group now owns 4,245 shares of the oilfield services company's stock worth $115,000 after purchasing an additional 2,123 shares during the period. 85.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on HAL shares. BMO Capital Markets dropped their price target on shares of Halliburton from $40.00 to $38.00 and set a "market perform" rating on the stock in a research note on Thursday, October 10th. JPMorgan Chase & Co. decreased their target price on shares of Halliburton from $35.00 to $33.00 and set an "overweight" rating on the stock in a research report on Thursday, January 2nd. Piper Sandler assumed coverage on shares of Halliburton in a report on Thursday, December 19th. They set an "overweight" rating and a $36.00 price objective on the stock. Jefferies Financial Group reduced their price target on shares of Halliburton from $43.00 to $41.00 and set a "buy" rating for the company in a research report on Friday, January 3rd. Finally, Raymond James cut Halliburton from a "strong-buy" rating to a "market perform" rating in a report on Monday, January 6th. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $38.26.

Halliburton Trading Up 2.3 %

HAL traded up $0.69 during midday trading on Monday, hitting $29.96. The company's stock had a trading volume of 14,132,064 shares, compared to its average volume of 7,861,310. The firm has a market cap of $26.32 billion, a P/E ratio of 10.44, a PEG ratio of 3.36 and a beta of 1.91. Halliburton has a 52-week low of $25.51 and a 52-week high of $41.56. The company has a current ratio of 2.21, a quick ratio of 1.62 and a debt-to-equity ratio of 0.74. The firm has a 50-day moving average price of $28.94 and a two-hundred day moving average price of $30.11.

Halliburton (NYSE:HAL - Get Free Report) last issued its quarterly earnings results 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 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 business's revenue for the quarter was down 1.8% on a year-over-year basis. During the same period last year, the company posted $0.79 EPS. On average, research analysts anticipate that Halliburton will post 2.99 earnings per share for the current year.

Halliburton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 26th. Investors of record on Wednesday, December 4th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date was Wednesday, December 4th. Halliburton's 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.