Robeco Institutional Asset Management B.V. Has $2.32 Million Stake in Halliburton (NYSE:HAL)

Robeco Institutional Asset Management B.V. lowered its stake in Halliburton (NYSE:HAL - Free Report) by 82.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 79,790 shares of the oilfield services company's stock after selling 372,980 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Halliburton were worth $2,318,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HAL. Capital World Investors boosted its holdings in shares of Halliburton by 0.3% in the first quarter. Capital World Investors now owns 121,928,734 shares of the oilfield services company's stock valued at $4,806,431,000 after acquiring an additional 377,500 shares in the last quarter. Vanguard Group Inc. boosted its stake in Halliburton by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 100,274,105 shares of the oilfield services company's stock valued at $3,952,805,000 after purchasing an additional 2,618,740 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Halliburton by 46.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 61,090,055 shares of the oilfield services company's stock valued at $2,408,171,000 after purchasing an additional 19,237,784 shares during the period. Pacer Advisors Inc. raised its stake in shares of Halliburton by 17,317.6% in the 2nd quarter. Pacer Advisors Inc. now owns 13,631,188 shares of the oilfield services company's stock worth $460,462,000 after buying an additional 13,552,927 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Halliburton by 20.0% in the second quarter. Dimensional Fund Advisors LP now owns 10,087,115 shares of the oilfield services company's stock valued at $340,752,000 after buying an additional 1,681,620 shares during the period. Institutional investors own 85.23% of the company's stock.

Halliburton Stock Down 1.1 %

HAL stock traded down $0.32 during midday trading on Friday, reaching $29.23. The company had a trading volume of 9,742,008 shares, compared to its average volume of 8,816,506. The company has a 50 day moving average of $29.10 and a two-hundred day moving average of $32.49. The company has a current ratio of 2.13, a quick ratio of 1.54 and a debt-to-equity ratio of 0.76. Halliburton has a 1 year low of $27.26 and a 1 year high of $41.56. The company has a market capitalization of $25.81 billion, a P/E ratio of 10.18, a PEG ratio of 2.01 and a beta of 1.89.

Halliburton (NYSE:HAL - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.02). Halliburton had a return on equity of 29.97% and a net margin of 11.61%. The firm had revenue of $5.70 billion for the quarter, compared to analysts' expectations of $5.83 billion. During the same quarter in the prior year, the business posted $0.79 earnings per share. Halliburton's revenue was down 1.8% on a year-over-year basis. On average, equities research analysts expect that Halliburton will post 3.12 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th were issued a $0.17 dividend. The ex-dividend date was Wednesday, September 4th. This represents a $0.68 dividend on an annualized basis and a yield of 2.33%. Halliburton's dividend payout ratio is currently 23.69%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Benchmark reiterated a "buy" rating and issued a $40.00 price target on shares of Halliburton in a research report on Friday. BMO Capital Markets cut their target price on shares of Halliburton from $40.00 to $38.00 and set a "market perform" rating for the company in a research note on Thursday, October 10th. Wells Fargo & Company decreased their price target on shares of Halliburton from $46.00 to $39.00 and set an "overweight" rating on the stock in a research report on Wednesday, September 25th. Raymond James cut their price objective on Halliburton from $41.00 to $37.00 and set a "strong-buy" rating for the company in a research report on Friday. Finally, TD Cowen decreased their target price on Halliburton from $47.00 to $45.00 and set a "buy" rating on the stock in a report on Monday, July 22nd. Four research 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 stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $40.79.

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.