Commerce Bank Has $931,000 Position in Halliburton (NYSE:HAL)

Commerce Bank decreased its stake in Halliburton (NYSE:HAL - Free Report) by 27.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,257 shares of the oilfield services company's stock after selling 12,941 shares during the period. Commerce Bank's holdings in Halliburton were worth $931,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mediolanum International Funds Ltd increased its position in shares of Halliburton by 48.2% during the fourth quarter. Mediolanum International Funds Ltd now owns 71,797 shares of the oilfield services company's stock valued at $1,931,000 after purchasing an additional 23,340 shares during the period. Sei Investments Co. increased its holdings in Halliburton by 18.2% in the 4th quarter. Sei Investments Co. now owns 278,934 shares of the oilfield services company's stock valued at $7,584,000 after buying an additional 42,876 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Halliburton by 3.7% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,257,250 shares of the oilfield services company's stock valued at $61,375,000 after buying an additional 80,567 shares in the last quarter. Congress Asset Management Co. bought a new position in shares of Halliburton during the 4th quarter worth about $621,000. Finally, Massachusetts Wealth Management boosted its position in shares of Halliburton by 180.9% during the 4th quarter. Massachusetts Wealth Management now owns 43,675 shares of the oilfield services company's stock valued at $1,188,000 after acquiring an additional 28,125 shares in the last quarter. Institutional investors own 85.23% of the company's stock.

Halliburton Trading Down 1.7 %

Shares of NYSE:HAL traded down $0.35 during trading on Friday, hitting $20.86. 11,003,499 shares of the company's stock were exchanged, compared to its average volume of 9,918,822. The company has a current ratio of 2.05, a quick ratio of 1.54 and a debt-to-equity ratio of 0.68. The firm has a market cap of $17.98 billion, a P/E ratio of 7.37, a PEG ratio of 3.79 and a beta of 1.45. The firm has a 50-day moving average price of $23.86 and a two-hundred day moving average price of $26.87. Halliburton has a 1-year low of $18.72 and a 1-year high of $38.91.

Halliburton (NYSE:HAL - Get Free Report) last released its earnings results on Tuesday, April 22nd. The oilfield services company reported $0.60 EPS for the quarter, hitting analysts' consensus estimates of $0.60. Halliburton had a net margin of 10.90% and a return on equity of 26.03%. The firm had revenue of $5.42 billion during the quarter, compared to analyst estimates of $5.28 billion. Equities analysts predict that Halliburton will post 2.64 earnings per share for the current year.

Halliburton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date of this dividend was Wednesday, March 5th. Halliburton's dividend payout ratio (DPR) is currently 28.45%.

Insider Transactions at Halliburton

In other news, Director Margaret Katherine Banks sold 3,900 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $24.04, for a total transaction of $93,756.00. Following the sale, the director now owns 10,551 shares of the company's stock, valued at $253,646.04. This trade represents a 26.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Eric Carre sold 141,206 shares of the business's stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $26.13, for a total value of $3,689,712.78. Following the completion of the transaction, the chief financial officer now owns 127,101 shares of the company's stock, valued at $3,321,149.13. This represents a 52.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 206,782 shares of company stock worth $5,321,170. 0.61% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on HAL. Evercore ISI cut their price target on shares of Halliburton from $43.00 to $35.00 and set an "outperform" rating for the company in a research note on Wednesday, January 15th. Citigroup cut their target price on Halliburton from $33.00 to $31.00 and set a "buy" rating for the company in a research report on Thursday. Susquehanna lowered their price target on Halliburton from $32.00 to $30.00 and set a "positive" rating on the stock in a research report on Wednesday. Barclays reduced their target price on shares of Halliburton from $29.00 to $26.00 and set an "equal weight" rating on the stock in a research note on Wednesday. Finally, Wells Fargo & Company lowered their target price on shares of Halliburton from $29.00 to $27.00 and set an "overweight" rating on the stock in a report on Wednesday. Eight analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $34.68.

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.