CWA Asset Management Group LLC Cuts Position in Halliburton (NYSE:HAL)

CWA Asset Management Group LLC cut its holdings in Halliburton (NYSE:HAL - Free Report) by 17.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 144,749 shares of the oilfield services company's stock after selling 31,087 shares during the period. CWA Asset Management Group LLC's holdings in Halliburton were worth $3,936,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Country Trust Bank bought a new position in Halliburton in the 3rd quarter worth $36,000. Modus Advisors LLC purchased a new position in Halliburton during the fourth quarter valued at approximately $38,000. Continuum Advisory LLC boosted its position in shares of Halliburton by 101.2% in the third quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company's stock worth $42,000 after purchasing an additional 698 shares during the period. ORG Wealth Partners LLC purchased a new stake in shares of Halliburton in the third quarter worth $44,000. Finally, Venturi Wealth Management LLC raised its position in shares of Halliburton by 34.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company's stock valued at $47,000 after purchasing an additional 412 shares during the period. 85.23% of the stock is currently owned by institutional investors.

Halliburton Trading Down 0.2 %

NYSE HAL traded down $0.06 during trading on Monday, hitting $27.62. The stock had a trading volume of 7,952,102 shares, compared to its average volume of 6,968,911. Halliburton has a one year low of $25.51 and a one 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 stock has a market capitalization of $24.26 billion, a price-to-earnings ratio of 9.62, a P/E/G ratio of 3.55 and a beta of 1.91. The stock has a 50 day simple moving average of $29.02 and a 200 day simple moving average of $30.47.

Halliburton (NYSE:HAL - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share for the quarter, missing analysts' consensus estimates of $0.75 by ($0.02). The company had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.83 billion. Halliburton had a net margin of 11.04% and a return on equity of 28.33%. The company's quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.79 EPS. Sell-side analysts predict that Halliburton will post 3 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. Shareholders of record on Wednesday, December 4th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend was Wednesday, December 4th. Halliburton's dividend payout ratio is 23.69%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on HAL. Benchmark reiterated a "buy" rating and issued a $40.00 price target on shares of Halliburton in a research note on Friday, November 8th. Barclays restated an "equal weight" rating and issued a $33.00 price target (down from $43.00) on shares of Halliburton in a research note on Wednesday, December 18th. BMO Capital Markets reduced their price objective on shares of Halliburton from $40.00 to $38.00 and set a "market perform" rating on the stock in a research report on Thursday, October 10th. Morgan Stanley dropped their target price on shares of Halliburton from $35.00 to $34.00 and set an "overweight" rating for the company in a research report on Monday, November 18th. Finally, Stifel Nicolaus reduced their price target on shares of Halliburton from $45.00 to $42.00 and set a "buy" rating on the stock in a report on Friday, October 11th. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $38.95.

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.