Manning & Napier Advisors LLC Decreases Holdings in Halliburton (NYSE:HAL)

Manning & Napier Advisors LLC lowered its holdings in shares of Halliburton (NYSE:HAL - Free Report) by 3.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 298,411 shares of the oilfield services company's stock after selling 11,407 shares during the period. Manning & Napier Advisors LLC's holdings in Halliburton were worth $8,114,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Cary Street Partners Asset Management LLC lifted its position in shares of Halliburton by 56.5% during the 3rd quarter. Cary Street Partners Asset Management LLC now owns 157,085 shares of the oilfield services company's stock valued at $4,563,000 after acquiring an additional 56,707 shares during the period. Pacer Advisors Inc. boosted 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 purchasing an additional 3,150,986 shares in the last quarter. Quest Partners LLC increased its position in Halliburton by 2,418.9% in the 3rd quarter. Quest Partners LLC now owns 78,387 shares of the oilfield services company's stock valued at $2,277,000 after buying an additional 75,275 shares in the last quarter. Semanteon Capital Management LP bought a new position in Halliburton in the third quarter worth approximately $1,181,000. Finally, Sage Capital Advisors llc acquired a new stake in Halliburton in the fourth quarter valued at approximately $7,469,000. Institutional investors own 85.23% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on HAL. Griffin Securities cut Halliburton from a "buy" rating to a "neutral" rating in a research note on Friday, December 20th. Morgan Stanley reduced their target price on Halliburton from $35.00 to $34.00 and set an "overweight" rating for the company in a report on Monday, November 18th. Susquehanna cut their price objective on Halliburton from $42.00 to $40.00 and set a "positive" rating on the stock in a research report on Friday, November 8th. UBS Group lowered Halliburton from a "buy" rating to a "neutral" rating and decreased their target price for the company from $36.00 to $34.00 in a research report on Monday, December 9th. Finally, BMO Capital Markets cut their price target on shares of Halliburton from $40.00 to $38.00 and set a "market perform" rating on the stock in a report on Thursday, October 10th. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $37.42.

Halliburton Price Performance

Shares of Halliburton stock traded up $0.04 during trading on Thursday, hitting $26.41. The stock had a trading volume of 4,261,587 shares, compared to its average volume of 11,410,835. The company has a current ratio of 2.05, a quick ratio of 1.62 and a debt-to-equity ratio of 0.68. Halliburton has a 12 month low of $25.51 and a 12 month high of $41.56. The firm has a market cap of $23.20 billion, a price-to-earnings ratio of 9.32, a P/E/G ratio of 3.58 and a beta of 1.91. The business's 50-day moving average is $28.58 and its 200 day moving average is $29.83.

Halliburton (NYSE:HAL - Get Free Report) last announced its earnings results 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 business had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.83 billion. Halliburton had a return on equity of 26.03% and a net margin of 10.90%. Halliburton's revenue was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.79 earnings per share. As a group, sell-side analysts anticipate that Halliburton will post 2.94 earnings per share for the current year.

Halliburton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 26th. Shareholders of record on Wednesday, December 4th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $0.68 annualized dividend and a yield of 2.58%. Halliburton's payout ratio is presently 24.03%.

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.