Toronto Dominion Bank Sells 219,538 Shares of Halliburton (NYSE:HAL)

Toronto Dominion Bank lessened its position in Halliburton (NYSE:HAL - Free Report) by 41.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 309,548 shares of the oilfield services company's stock after selling 219,538 shares during the quarter. Toronto Dominion Bank's holdings in Halliburton were worth $8,992,000 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 the company. Geode Capital Management LLC lifted its holdings in shares of Halliburton by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 20,630,361 shares of the oilfield services company's stock worth $597,234,000 after acquiring an additional 172,505 shares during the period. Pacer Advisors Inc. lifted its position in shares of Halliburton by 23.1% during the 3rd quarter. Pacer Advisors Inc. now owns 16,782,174 shares of the oilfield services company's stock worth $487,522,000 after buying an additional 3,150,986 shares during the period. Dimensional Fund Advisors LP boosted its stake in Halliburton by 20.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 10,087,115 shares of the oilfield services company's stock valued at $340,752,000 after buying an additional 1,681,620 shares in the last quarter. Bank of New York Mellon Corp grew its position in Halliburton by 1.2% in the second quarter. Bank of New York Mellon Corp now owns 7,342,857 shares of the oilfield services company's stock valued at $248,042,000 after acquiring an additional 83,894 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Halliburton by 2.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,742,352 shares of the oilfield services company's stock worth $166,815,000 after acquiring an additional 115,504 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company's stock.

Halliburton Trading Down 0.7 %

NYSE HAL traded down $0.21 during trading on Friday, reaching $28.68. 6,643,939 shares of the stock traded hands, compared to its average volume of 8,132,795. The stock's 50-day moving average price is $29.75 and its 200 day moving average price is $31.35. 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 firm has a market cap of $25.20 billion, a price-to-earnings ratio of 9.99, a price-to-earnings-growth ratio of 3.61 and a beta of 1.90. Halliburton has a fifty-two week low of $27.26 and a fifty-two week high of $41.56.

Halliburton (NYSE:HAL - Get Free Report) last issued its quarterly earnings data 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). Halliburton had a return on equity of 28.33% and a net margin of 11.04%. The business had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.83 billion. During the same period in the previous year, the business posted $0.79 EPS. The business's quarterly revenue was down 1.8% compared to the same quarter last year. Analysts predict that Halliburton will post 3 EPS for the current year.

Halliburton Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Wednesday, December 4th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.37%. The ex-dividend date is Wednesday, December 4th. Halliburton's dividend payout ratio (DPR) is presently 23.69%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on HAL. Jefferies Financial Group dropped their target price on shares of Halliburton from $47.00 to $46.00 and set a "buy" rating for the company in a research report on Tuesday, September 24th. Bank of America dropped their price objective on shares of Halliburton from $40.00 to $38.00 and set a "buy" rating for the company in a report on Monday, October 14th. 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. Morgan Stanley cut their price objective on Halliburton from $35.00 to $34.00 and set an "overweight" rating for the company in a research report on Monday, November 18th. Finally, Benchmark reissued a "buy" rating and issued a $40.00 price objective on shares of Halliburton in a research note on Friday, November 8th. Five research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $40.58.

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.