Royal London Asset Management Ltd. Acquires 209,839 Shares of Halliburton (NYSE:HAL)

Royal London Asset Management Ltd. lifted its position in Halliburton (NYSE:HAL - Free Report) by 23.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,107,644 shares of the oilfield services company's stock after acquiring an additional 209,839 shares during the period. Royal London Asset Management Ltd. owned 0.13% of Halliburton worth $32,177,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. First Horizon Advisors Inc. raised its position in shares of Halliburton by 2.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 14,027 shares of the oilfield services company's stock worth $474,000 after acquiring an additional 295 shares in the last quarter. Public Sector Pension Investment Board raised its position in shares of Halliburton by 0.3% in the 3rd quarter. Public Sector Pension Investment Board now owns 154,210 shares of the oilfield services company's stock worth $4,480,000 after acquiring an additional 390 shares in the last quarter. Brown Brothers Harriman & Co. raised its position in shares of Halliburton by 28.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company's stock worth $51,000 after acquiring an additional 393 shares in the last quarter. Northwest Bank & Trust Co raised its position in shares of Halliburton by 3.2% in the 3rd quarter. Northwest Bank & Trust Co now owns 12,979 shares of the oilfield services company's stock worth $377,000 after acquiring an additional 397 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its position in shares of Halliburton by 34.2% in the 3rd 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 in the last quarter. Institutional investors own 85.23% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on HAL shares. Susquehanna decreased their target price on Halliburton from $42.00 to $40.00 and set a "positive" rating for the company in a research report on Friday, November 8th. Wells Fargo & Company cut their price target on Halliburton from $46.00 to $39.00 and set an "overweight" rating on the stock in a research note on Wednesday, September 25th. Benchmark restated a "buy" rating and issued a $40.00 price target on shares of Halliburton in a research note on Friday, November 8th. Barclays cut their price target on Halliburton from $47.00 to $43.00 and set an "overweight" rating on the stock in a research note on Friday, November 8th. Finally, Morgan Stanley cut their price target on Halliburton from $35.00 to $34.00 and set an "overweight" rating on the stock in a research note on Monday, November 18th. Four 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. Based on data from MarketBeat, Halliburton presently has a consensus rating of "Moderate Buy" and a consensus price target of $40.74.

Halliburton Stock Performance

Shares of HAL stock traded down $1.25 on Friday, reaching $28.78. The stock had a trading volume of 10,344,557 shares, compared to its average volume of 8,142,500. The stock has a market cap of $25.28 billion, a P/E ratio of 10.03, a price-to-earnings-growth ratio of 3.92 and a beta of 1.90. 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 1.62 and a current ratio of 2.21. The company has a 50 day simple moving average of $29.87 and a 200 day simple moving average of $31.67.

Halliburton (NYSE:HAL - Get Free Report) last released its quarterly 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). Halliburton had a return on equity of 28.33% and a net margin of 11.04%. The firm had revenue of $5.70 billion during the quarter, compared to analysts' expectations of $5.83 billion. During the same quarter last year, the business earned $0.79 earnings per share. The business's quarterly revenue was down 1.8% on a year-over-year basis. Equities research analysts expect that Halliburton will post 3 EPS for the current year.

Halliburton Dividend Announcement

The business 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 is Wednesday, December 4th. This represents a $0.68 dividend on an annualized basis and a yield of 2.36%. Halliburton's dividend payout ratio is currently 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.