Mediolanum International Funds Ltd Has $1.93 Million Stock Position in Halliburton (NYSE:HAL)

Mediolanum International Funds Ltd boosted its stake in shares of Halliburton (NYSE:HAL - Free Report) by 48.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 71,797 shares of the oilfield services company's stock after buying an additional 23,340 shares during the period. Mediolanum International Funds Ltd's holdings in Halliburton were worth $1,931,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Geode Capital Management LLC raised its holdings in shares of Halliburton by 0.8% in the third quarter. Geode Capital Management LLC now owns 20,630,361 shares of the oilfield services company's stock valued at $597,234,000 after purchasing an additional 172,505 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Halliburton by 10.4% in the fourth quarter. Pacer Advisors Inc. now owns 18,530,937 shares of the oilfield services company's stock valued at $503,856,000 after purchasing an additional 1,748,763 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Halliburton by 2.1% in 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 valued at $166,815,000 after purchasing an additional 115,504 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Halliburton by 22.0% in the third quarter. Thrivent Financial for Lutherans now owns 5,520,383 shares of the oilfield services company's stock valued at $160,367,000 after purchasing an additional 995,649 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Halliburton by 244.5% in the third quarter. Franklin Resources Inc. now owns 4,513,560 shares of the oilfield services company's stock valued at $138,025,000 after purchasing an additional 3,203,224 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Halliburton Stock Down 2.1 %

HAL stock opened at $25.99 on Monday. The company has a market cap of $22.83 billion, a PE ratio of 9.18, a price-to-earnings-growth ratio of 3.65 and a beta of 1.91. The business has a 50-day simple moving average of $28.35 and a 200 day simple moving average of $29.70. Halliburton has a 52 week low of $25.51 and a 52 week high of $41.56. The company has a quick ratio of 1.54, a current ratio of 2.05 and a debt-to-equity ratio of 0.68.

Halliburton (NYSE:HAL - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The oilfield services company reported $0.73 EPS for the quarter, missing analysts' consensus estimates of $0.75 by ($0.02). The company had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.83 billion. Halliburton had a net margin of 10.90% and a return on equity of 26.03%. The firm's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period last year, the firm earned $0.79 EPS. Sell-side analysts anticipate that Halliburton will post 2.67 EPS for the current fiscal year.

Halliburton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 26th. Shareholders of record on Wednesday, December 4th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend was Wednesday, December 4th. Halliburton's payout ratio is 24.03%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HAL. JPMorgan Chase & Co. lowered their price objective on shares of Halliburton from $35.00 to $33.00 and set an "overweight" rating on the stock in a report on Thursday, January 2nd. Wells Fargo & Company lowered their price objective on shares of Halliburton from $39.00 to $34.00 and set an "overweight" rating on the stock in a report on Tuesday, December 17th. Raymond James cut shares of Halliburton from a "strong-buy" rating to a "market perform" rating in a research note on Monday, January 6th. Susquehanna decreased their target price on shares of Halliburton from $42.00 to $40.00 and set a "positive" rating for the company in a research note on Friday, November 8th. Finally, Evercore ISI decreased their target price 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. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $37.42.

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.

Want to see what other hedge funds are holding HAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Halliburton (NYSE:HAL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.