Wellington Management Group LLP Has $166.42 Million Stock Position in Halliburton (NYSE:HAL)

Wellington Management Group LLP trimmed its holdings in shares of Halliburton (NYSE:HAL - Free Report) by 32.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,728,674 shares of the oilfield services company's stock after selling 2,691,107 shares during the period. Wellington Management Group LLP owned 0.65% of Halliburton worth $166,418,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. CWM LLC lifted its position in Halliburton by 20.1% during the 2nd quarter. CWM LLC now owns 29,142 shares of the oilfield services company's stock worth $984,000 after buying an additional 4,876 shares in the last quarter. QRG Capital Management Inc. grew its stake in shares of Halliburton by 5.7% during the second quarter. QRG Capital Management Inc. now owns 37,656 shares of the oilfield services company's stock valued at $1,272,000 after purchasing an additional 2,046 shares during the last quarter. Czech National Bank increased its holdings in shares of Halliburton by 7.7% in the second quarter. Czech National Bank now owns 168,703 shares of the oilfield services company's stock valued at $5,699,000 after purchasing an additional 12,089 shares in the last quarter. Wedmont Private Capital raised its position in Halliburton by 10.0% in the 2nd quarter. Wedmont Private Capital now owns 20,236 shares of the oilfield services company's stock worth $687,000 after purchasing an additional 1,835 shares during the last quarter. Finally, AA Financial Advisors LLC acquired a new position in Halliburton during the 2nd quarter worth $238,000. Institutional investors own 85.23% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Benchmark restated a "buy" rating and set a $40.00 target price on shares of Halliburton in a research report on Friday, November 8th. Raymond James dropped their price objective on Halliburton from $41.00 to $37.00 and set a "strong-buy" rating for the company in a report on Friday, November 8th. Stifel Nicolaus cut their target price on shares of Halliburton from $45.00 to $42.00 and set a "buy" rating on the stock in a research report on Friday, October 11th. Barclays lowered their price target on shares of Halliburton from $47.00 to $43.00 and set an "overweight" rating for the company in a research report on Friday, November 8th. Finally, UBS Group lowered shares of Halliburton from a "buy" rating to a "neutral" rating and cut their price objective for the company from $36.00 to $34.00 in a report on Monday. Five research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $40.58.

Halliburton Stock Up 1.0 %

HAL traded up $0.29 during trading on Monday, hitting $29.07. The company had a trading volume of 8,135,227 shares, compared to its average volume of 8,142,486. The company has a market capitalization of $25.54 billion, a PE ratio of 10.13, a PEG ratio of 3.56 and a beta of 1.90. 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 has a one year low of $27.26 and a one year high of $41.56. The firm's 50-day moving average price is $29.87 and its 200 day moving average price is $31.48.

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 analysts' consensus estimates 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 business's revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.79 earnings per share. As a group, equities analysts expect that Halliburton will post 3 earnings per share for the current year.

Halliburton Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Wednesday, December 4th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.34%. Halliburton's dividend payout ratio (DPR) is presently 23.69%.

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.