Natixis Advisors LLC Lowers Stock Holdings in Halliburton (NYSE:HAL)

Natixis Advisors LLC lessened its holdings in Halliburton (NYSE:HAL - Free Report) by 4.4% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 470,629 shares of the oilfield services company's stock after selling 21,456 shares during the quarter. Natixis Advisors LLC owned approximately 0.05% of Halliburton worth $13,672,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. First Horizon Advisors Inc. increased its position in shares of Halliburton by 2.1% during the second quarter. First Horizon Advisors Inc. now owns 14,027 shares of the oilfield services company's stock worth $474,000 after acquiring an additional 295 shares during the period. Beacon Capital Management LLC increased its holdings in Halliburton by 28.8% during the 1st quarter. Beacon Capital Management LLC now owns 1,382 shares of the oilfield services company's stock worth $54,000 after purchasing an additional 309 shares during the period. Guinness Atkinson Asset Management Inc raised its position in Halliburton by 3.1% during the 2nd quarter. Guinness Atkinson Asset Management Inc now owns 10,847 shares of the oilfield services company's stock valued at $366,000 after purchasing an additional 330 shares in the last quarter. Moody National Bank Trust Division lifted its holdings in shares of Halliburton by 2.9% in the 2nd quarter. Moody National Bank Trust Division now owns 11,842 shares of the oilfield services company's stock worth $400,000 after buying an additional 336 shares during the period. Finally, Northwest Bank & Trust Co grew its position in shares of Halliburton by 3.2% during the 3rd quarter. Northwest Bank & Trust Co now owns 12,979 shares of the oilfield services company's stock worth $377,000 after buying an additional 397 shares in the last quarter. Hedge funds and other institutional investors own 85.23% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Dbs Bank initiated coverage on shares of Halliburton in a research note on Wednesday, September 18th. They issued a "buy" rating and a $45.00 target price for the company. Susquehanna lowered their price target on Halliburton from $42.00 to $40.00 and set a "positive" rating for the company in a report on Friday, November 8th. The Goldman Sachs Group cut their price objective on shares of Halliburton from $47.00 to $40.00 and set a "buy" rating on the stock in a report on Thursday, August 29th. Bank of America decreased their price target 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. Finally, Stifel Nicolaus lowered their price objective on shares of Halliburton from $45.00 to $42.00 and set a "buy" rating for the company in a research note on Friday, October 11th. Four research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $40.74.

Halliburton Price Performance

HAL stock opened at $31.18 on Thursday. Halliburton has a 52-week low of $27.26 and a 52-week high of $41.56. 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 stock has a market cap of $27.39 billion, a price-to-earnings ratio of 10.86, a price-to-earnings-growth ratio of 3.64 and a beta of 1.89. The business has a fifty day moving average of $29.29 and a two-hundred day moving average of $32.07.

Halliburton (NYSE:HAL - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 earnings per share. The firm's revenue for the quarter was down 1.8% compared to the same quarter last year. As a group, research analysts anticipate that Halliburton will post 3.02 earnings per share for the current year.

Halliburton Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Wednesday, December 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.18%. Halliburton's payout ratio is currently 23.69%.

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.