Thompson Siegel & Walmsley LLC Takes Position in Halliburton (NYSE:HAL)

Thompson Siegel & Walmsley LLC purchased a new position in Halliburton (NYSE:HAL - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,897,819 shares of the oilfield services company's stock, valued at approximately $55,132,000. Thompson Siegel & Walmsley LLC owned approximately 0.21% of Halliburton as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Country Trust Bank bought a new stake in Halliburton during the 3rd quarter valued at approximately $36,000. Bruce G. Allen Investments LLC grew its holdings in Halliburton by 274.9% during the 2nd 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 in the last quarter. ORG Wealth Partners LLC bought a new stake in shares of Halliburton during the third quarter valued at approximately $44,000. Crewe Advisors LLC purchased a new position in shares of Halliburton in the first quarter worth $46,000. Finally, Venturi Wealth Management LLC boosted its position in shares of Halliburton by 34.2% during the third 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 last quarter. 85.23% of the stock is owned by institutional investors.

Halliburton Trading Up 2.6 %

Shares of HAL traded up $0.81 during mid-day trading on Thursday, reaching $31.99. 8,680,342 shares of the company's stock traded hands, compared to its average volume of 8,115,932. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.21 and a quick ratio of 1.62. The stock's 50-day moving average is $29.29 and its two-hundred day moving average is $32.07. Halliburton has a 12 month low of $27.26 and a 12 month high of $41.56. The stock has a market cap of $28.10 billion, a P/E ratio of 10.86, a P/E/G ratio of 3.75 and a beta of 1.89.

Halliburton (NYSE:HAL - Get Free Report) last released its earnings results on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share for the quarter, missing analysts' consensus estimates of $0.75 by ($0.02). The business had revenue of $5.70 billion during the quarter, compared to analysts' expectations of $5.83 billion. Halliburton had a return on equity of 28.33% and a net margin of 11.04%. 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 business earned $0.79 EPS. Research analysts forecast that Halliburton will post 3.01 earnings per share for the current fiscal 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 issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $0.68 dividend on an annualized basis and a yield of 2.13%. Halliburton's payout ratio is 23.69%.

Analyst Ratings Changes

Several brokerages have commented on HAL. Bank of America decreased their price target on shares of Halliburton from $40.00 to $38.00 and set a "buy" rating on the stock in a research note on Monday, October 14th. Royal Bank of Canada lowered Halliburton from an "outperform" rating to a "sector perform" rating and dropped their price target for the company from $44.00 to $37.00 in a research note on Friday, September 13th. Benchmark restated a "buy" rating and set a $40.00 price target on shares of Halliburton in a report on Friday, November 8th. BMO Capital Markets decreased their price objective on Halliburton from $40.00 to $38.00 and set a "market perform" rating on the stock in a report on Thursday, October 10th. Finally, Morgan Stanley cut their target price on shares of Halliburton from $35.00 to $34.00 and set an "overweight" rating for the company in a report on Monday. Four equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $40.74.

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.