Banque Cantonale Vaudoise Has $896,000 Stock Holdings in Halliburton (NYSE:HAL)

Banque Cantonale Vaudoise increased its position in shares of Halliburton (NYSE:HAL - Free Report) by 171.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,852 shares of the oilfield services company's stock after purchasing an additional 19,496 shares during the period. Banque Cantonale Vaudoise's holdings in Halliburton were worth $896,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Country Trust Bank bought a new position in Halliburton during the third quarter worth about $36,000. Bruce G. Allen Investments LLC lifted its position in shares of Halliburton by 274.9% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 1,121 shares of the oilfield services company's stock worth $38,000 after buying an additional 822 shares during the period. ORG Wealth Partners LLC acquired a new stake in Halliburton in the 3rd quarter valued at $44,000. Venturi Wealth Management LLC grew its position in Halliburton by 34.2% in the third quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company's stock valued at $47,000 after acquiring an additional 412 shares during the period. Finally, Beacon Capital Management LLC raised its stake in Halliburton by 28.8% during the first quarter. Beacon Capital Management LLC now owns 1,382 shares of the oilfield services company's stock worth $54,000 after acquiring an additional 309 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Benchmark reaffirmed a "buy" rating and issued a $40.00 target price on shares of Halliburton in a report on Friday, November 8th. Barclays dropped their price objective on shares of Halliburton from $47.00 to $43.00 and set an "overweight" rating for the company in a report on Friday, November 8th. Royal Bank of Canada downgraded Halliburton from an "outperform" rating to a "sector perform" rating and reduced their target price for the stock from $44.00 to $37.00 in a report on Friday, September 13th. BMO Capital Markets dropped their price target on Halliburton from $40.00 to $38.00 and set a "market perform" rating for the company in a report on Thursday, October 10th. Finally, Stifel Nicolaus reduced their price objective on Halliburton from $45.00 to $42.00 and set a "buy" rating on the stock in a research note on Friday, October 11th. Four analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $40.74.

Halliburton Trading Up 0.2 %

NYSE HAL traded up $0.07 on Friday, reaching $31.94. The company had a trading volume of 9,434,523 shares, compared to its average volume of 8,122,132. Halliburton has a 52 week low of $27.26 and a 52 week high of $41.56. The stock's 50 day moving average is $29.45 and its 200-day moving average is $32.04. 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 stock has a market cap of $28.06 billion, a price-to-earnings ratio of 11.13, a PEG ratio of 3.75 and a beta of 1.89.

Halliburton (NYSE:HAL - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The oilfield services company reported $0.73 EPS for the quarter, missing analysts' consensus estimates of $0.75 by ($0.02). Halliburton had a net margin of 11.04% and a return on equity of 28.33%. The company had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.83 billion. During the same period last year, the company earned $0.79 earnings per share. The business's revenue was down 1.8% compared to the same quarter last year. Equities analysts predict that Halliburton will post 3.01 earnings per share for the current year.

Halliburton Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Wednesday, December 4th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend is Wednesday, December 4th. Halliburton's dividend payout ratio (DPR) is 23.69%.

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.