Quantbot Technologies LP Makes New Investment in Halliburton (NYSE:HAL)

Quantbot Technologies LP bought a new position in shares of Halliburton (NYSE:HAL - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 302,081 shares of the oilfield services company's stock, valued at approximately $8,775,000.

A number of other institutional investors also recently modified their holdings of the business. Country Trust Bank bought a new stake in Halliburton in the 3rd quarter valued at about $36,000. Bruce G. Allen Investments LLC boosted its stake in shares of Halliburton by 274.9% in the second quarter. Bruce G. Allen Investments LLC now owns 1,121 shares of the oilfield services company's stock valued at $38,000 after buying an additional 822 shares during the period. ORG Wealth Partners LLC acquired a new stake in Halliburton during the third quarter worth approximately $44,000. Venturi Wealth Management LLC increased its stake in Halliburton by 34.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company's stock worth $47,000 after acquiring an additional 412 shares during the period. Finally, Brown Brothers Harriman & Co. raised 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 in the last quarter. Institutional investors own 85.23% of the company's stock.

Halliburton Trading Down 0.6 %

HAL traded down $0.18 during midday trading on Tuesday, hitting $31.81. 11,140,913 shares of the company were exchanged, compared to its average volume of 8,166,582. The firm's 50 day moving average price is $29.52 and its 200-day moving average price is $31.93. Halliburton has a 1-year low of $27.26 and a 1-year high of $41.56. The firm has a market capitalization of $27.95 billion, a P/E ratio of 11.15, a P/E/G ratio of 3.93 and a beta of 1.89. The company has a quick ratio of 1.62, a current ratio of 2.21 and a debt-to-equity ratio of 0.74.

Halliburton (NYSE:HAL - Get Free Report) last posted its quarterly earnings data 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). Halliburton had a net margin of 11.04% and a return on equity of 28.33%. The firm had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.83 billion. During the same period in the prior year, the company posted $0.79 earnings per share. The company's revenue for the quarter was down 1.8% compared to the same quarter last year. As a group, equities analysts forecast that Halliburton will post 3.01 EPS for the current fiscal year.

Halliburton Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 2.14%. The ex-dividend date is Wednesday, December 4th. Halliburton's dividend payout ratio is presently 23.69%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on HAL shares. Raymond James decreased their price target on Halliburton from $41.00 to $37.00 and set a "strong-buy" rating on the stock in a research report on Friday, November 8th. UBS Group cut their price target on shares of Halliburton from $41.00 to $37.00 and set a "buy" rating for the company in a report on Wednesday, September 18th. Bank of America reduced their price target on shares of Halliburton from $40.00 to $38.00 and set a "buy" rating on the stock in a research report on Monday, October 14th. 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 report on Friday, October 11th. Finally, Jefferies Financial Group decreased their price target on Halliburton from $47.00 to $46.00 and set a "buy" rating on the stock in a research note on Tuesday, September 24th. Four analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Halliburton has a consensus rating of "Moderate Buy" and an average price target of $40.74.

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.