Quadrature Capital Ltd Acquires New Holdings in Halliburton (NYSE:HAL)

Quadrature Capital Ltd bought a new position in shares of Halliburton (NYSE:HAL - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 60,209 shares of the oilfield services company's stock, valued at approximately $1,749,000.

Other institutional investors have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. lifted its holdings in shares of Halliburton by 2.1% in the second quarter. First Horizon Advisors Inc. now owns 14,027 shares of the oilfield services company's stock valued at $474,000 after buying an additional 295 shares during the period. Public Sector Pension Investment Board raised its position in Halliburton by 0.3% in the third quarter. Public Sector Pension Investment Board now owns 154,210 shares of the oilfield services company's stock worth $4,480,000 after acquiring an additional 390 shares in the last quarter. Brown Brothers Harriman & Co. lifted its holdings in Halliburton by 28.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company's stock valued at $51,000 after acquiring an additional 393 shares during the last quarter. Northwest Bank & Trust Co boosted 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 valued at $377,000 after purchasing an additional 397 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its stake in shares of Halliburton by 34.2% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company's stock worth $47,000 after purchasing an additional 412 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Halliburton Stock Down 4.1 %

HAL traded down $1.24 during trading on Friday, reaching $28.78. 10,347,226 shares of the stock traded hands, compared to its average volume of 9,146,110. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.21 and a quick ratio of 1.62. Halliburton has a fifty-two week low of $27.26 and a fifty-two week high of $41.56. The stock's 50-day simple moving average is $29.87 and its two-hundred day simple moving average is $31.56. The stock has a market cap of $25.28 billion, a price-to-earnings ratio of 10.03, a price-to-earnings-growth ratio of 3.78 and a beta of 1.90.

Halliburton (NYSE:HAL - Get Free Report) last announced 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 during 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 company's quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.79 EPS. As a group, equities research analysts expect that Halliburton will post 3 EPS for the current year.

Halliburton Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Wednesday, December 4th will be issued 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 2.36%. Halliburton's dividend payout ratio is currently 23.69%.

Wall Street Analysts Forecast Growth

HAL has been the subject of a number of research reports. Dbs Bank assumed coverage on shares of Halliburton in a report on Wednesday, September 18th. They set a "buy" rating and a $45.00 target price for the company. Stifel Nicolaus reduced their price objective on Halliburton from $45.00 to $42.00 and set a "buy" rating for the company in a research note on Friday, October 11th. Bank of America cut their target price on Halliburton from $40.00 to $38.00 and set a "buy" rating on the stock in a research report on Monday, October 14th. Barclays decreased their price target on Halliburton from $47.00 to $43.00 and set an "overweight" rating for the company in a research report on Friday, November 8th. Finally, Morgan Stanley cut their price objective on Halliburton from $35.00 to $34.00 and set an "overweight" rating on the stock in a report on Monday, November 18th. Four research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $40.74.

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.