National Bank of Canada FI Boosts Stock Position in Halliburton (NYSE:HAL)

National Bank of Canada FI boosted its holdings in Halliburton (NYSE:HAL - Free Report) by 84.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 454,004 shares of the oilfield services company's stock after purchasing an additional 207,452 shares during the quarter. National Bank of Canada FI owned about 0.05% of Halliburton worth $13,189,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Diversified Trust Co acquired a new position in shares of Halliburton during the second quarter worth about $217,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Halliburton by 27.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 89,112 shares of the oilfield services company's stock valued at $3,010,000 after buying an additional 19,454 shares during the period. ORG Partners LLC boosted its stake in shares of Halliburton by 2,536.8% in the second quarter. ORG Partners LLC now owns 3,797 shares of the oilfield services company's stock valued at $127,000 after buying an additional 3,653 shares in the last quarter. Wedge Capital Management L L P NC grew its holdings in Halliburton by 37.0% during the second quarter. Wedge Capital Management L L P NC now owns 714,084 shares of the oilfield services company's stock worth $24,122,000 after acquiring an additional 192,905 shares during the period. Finally, Welch Group LLC lifted its holdings in Halliburton by 149.2% in the second quarter. Welch Group LLC now owns 12,839 shares of the oilfield services company's stock valued at $434,000 after acquiring an additional 7,686 shares during the period. Institutional investors and hedge funds own 85.23% of the company's stock.

Halliburton Trading Up 0.5 %

HAL traded up $0.14 on Wednesday, reaching $29.21. 10,505,415 shares of the company's stock were exchanged, compared to its average volume of 8,145,916. Halliburton has a twelve month low of $27.26 and a twelve month high of $41.56. The company's 50 day moving average is $29.85 and its 200-day moving average is $31.43. 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 company has a market cap of $25.66 billion, a price-to-earnings ratio of 10.23, a PEG ratio of 3.56 and a beta of 1.90.

Halliburton (NYSE:HAL - Get Free Report) last issued its 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 business had revenue of $5.70 billion during the quarter, compared to analysts' expectations of $5.83 billion. Halliburton had a net margin of 11.04% and a return on equity of 28.33%. The business's revenue was down 1.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.79 EPS. Equities analysts predict that Halliburton will post 3 earnings per share for the current year.

Halliburton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Wednesday, December 4th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.33%. The ex-dividend date is Wednesday, December 4th. Halliburton's dividend payout ratio (DPR) is presently 23.69%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HAL. The Goldman Sachs Group cut their price target on shares of Halliburton from $47.00 to $40.00 and set a "buy" rating for the company in a report on Thursday, August 29th. Jefferies Financial Group reduced their price target 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. Raymond James lowered their price target on Halliburton from $41.00 to $37.00 and set a "strong-buy" rating on the stock in a report on Friday, November 8th. Barclays reduced their price objective on Halliburton from $47.00 to $43.00 and set an "overweight" rating for the company in a report on Friday, November 8th. Finally, BMO Capital Markets cut their price target on Halliburton from $40.00 to $38.00 and set a "market perform" rating for the company in a research note on Thursday, October 10th. Five investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $40.58.

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.