Neo Ivy Capital Management Acquires New Position in Halliburton (NYSE:HAL)

Neo Ivy Capital Management acquired a new position in Halliburton (NYSE:HAL - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 24,900 shares of the oilfield services company's stock, valued at approximately $724,000.

Other institutional investors also recently bought and sold shares of the company. Country Trust Bank bought a new position in shares of Halliburton in the third quarter worth approximately $36,000. Continuum Advisory LLC boosted its holdings in Halliburton by 101.2% in the 3rd quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company's stock worth $42,000 after buying an additional 698 shares during the period. ORG Wealth Partners LLC purchased a new stake in Halliburton in the 3rd quarter worth $44,000. Venturi Wealth Management LLC raised its holdings in Halliburton by 34.2% during the third quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company's stock valued at $47,000 after acquiring an additional 412 shares during the period. Finally, Brown Brothers Harriman & Co. boosted its stake in shares of Halliburton by 28.8% in the third quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company's stock worth $51,000 after acquiring an additional 393 shares during the period. 85.23% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HAL. Jefferies Financial Group decreased their target price on Halliburton from $47.00 to $46.00 and set a "buy" rating on the stock in a research note on Tuesday, September 24th. Bank of America lowered their target price on shares of Halliburton from $40.00 to $38.00 and set a "buy" rating on the stock in a report on Monday, October 14th. Royal Bank of Canada cut shares of Halliburton from an "outperform" rating to a "sector perform" rating and cut their target price for the company from $44.00 to $37.00 in a research note on Friday, September 13th. Benchmark reiterated a "buy" rating and issued a $40.00 price target on shares of Halliburton in a research note on Friday, November 8th. Finally, Wells Fargo & Company cut their price objective on Halliburton from $46.00 to $39.00 and set an "overweight" rating for the company in a research report on Wednesday, September 25th. Five research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $40.58.

Halliburton Trading Down 1.1 %

NYSE HAL traded down $0.32 on Thursday, hitting $28.88. 6,485,405 shares of the stock were exchanged, compared to its average volume of 8,138,979. Halliburton has a 52-week low of $27.26 and a 52-week high of $41.56. The firm has a market capitalization of $25.37 billion, a P/E ratio of 10.01, a P/E/G ratio of 3.56 and a beta of 1.90. 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 stock has a fifty day moving average price of $29.84 and a two-hundred day moving average price of $31.42.

Halliburton (NYSE:HAL - Get Free Report) last issued its quarterly earnings results 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). The firm had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.83 billion. Halliburton had a net margin of 11.04% and a return on equity of 28.33%. The business's revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.79 earnings per share. Research analysts forecast that Halliburton will post 3 EPS for the current fiscal year.

Halliburton Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Wednesday, December 4th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend is Wednesday, December 4th. Halliburton's dividend payout ratio is currently 23.69%.

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.