B. Metzler seel. Sohn & Co. Holding AG Invests $6.25 Million in Halliburton (NYSE:HAL)

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Halliburton (NYSE:HAL) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 215,252 shares of the oilfield services company’s stock, valued at approximately $6,253,000.

Several other hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its position in shares of Halliburton by 46.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 61,090,055 shares of the oilfield services company’s stock worth $2,408,171,000 after purchasing an additional 19,237,784 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in Halliburton by 17,317.6% during 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. LSV Asset Management boosted its position in Halliburton by 24,954.1% in the 2nd quarter. LSV Asset Management now owns 2,730,900 shares of the oilfield services company’s stock valued at $92,250,000 after buying an additional 2,720,000 shares during the period. Dimensional Fund Advisors LP grew its stake 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 worth $340,752,000 after acquiring an additional 1,681,620 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its position in shares of Halliburton by 22.0% during the third quarter. Thrivent Financial for Lutherans now owns 5,520,383 shares of the oilfield services company’s stock worth $160,367,000 after acquiring an additional 995,649 shares during the period. Institutional investors and hedge funds own 85.23% of the company’s stock.

Halliburton Trading Up 0.1 %

HAL opened at $30.47 on Wednesday. The company has a quick ratio of 1.62, a current ratio of 2.21 and a debt-to-equity ratio of 0.74. The firm has a market cap of $26.77 billion, a price-to-earnings ratio of 10.62, a price-to-earnings-growth ratio of 3.64 and a beta of 1.89. The business’s 50 day moving average is $29.22 and its two-hundred day moving average is $32.08. Halliburton has a 52 week low of $27.26 and a 52 week high of $41.56.

Halliburton (NYSE:HAL) last issued its quarterly earnings results 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). The company had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.83 billion. Halliburton had a net margin of 11.04% and a return on equity of 28.33%. The business’s revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.79 EPS. On average, research analysts predict that Halliburton will post 3.02 EPS for the current year.

Halliburton Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Wednesday, December 4th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend is Wednesday, December 4th. Halliburton’s dividend payout ratio (DPR) is currently 23.69%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on HAL. Barclays decreased their target price on Halliburton from $47.00 to $43.00 and set an “overweight” rating for the company in a report on Friday, November 8th. The Goldman Sachs Group lowered their price objective on Halliburton from $47.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Benchmark restated a “buy” rating and set a $40.00 target price on shares of Halliburton in a research note on Friday, November 8th. Dbs Bank assumed coverage on shares of Halliburton in a research note on Wednesday, September 18th. They issued a “buy” rating and a $45.00 price target for the company. Finally, Raymond James dropped their price objective on shares of Halliburton from $41.00 to $37.00 and set a “strong-buy” rating on the stock in a research report on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.