Massachusetts Wealth Management Has $452,000 Position in Halliburton (NYSE:HAL)

Massachusetts Wealth Management decreased its position in shares of Halliburton (NYSE:HAL) by 14.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,550 shares of the oilfield services company’s stock after selling 2,625 shares during the quarter. Massachusetts Wealth Management’s holdings in Halliburton were worth $452,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of HAL. Mraz Amerine & Associates Inc. lifted its stake in shares of Halliburton by 51.3% during the third quarter. Mraz Amerine & Associates Inc. now owns 38,771 shares of the oilfield services company’s stock valued at $1,126,000 after acquiring an additional 13,152 shares during the period. Mount Yale Investment Advisors LLC lifted its position in Halliburton by 8.3% during the 3rd quarter. Mount Yale Investment Advisors LLC now owns 147,365 shares of the oilfield services company’s stock valued at $4,281,000 after purchasing an additional 11,299 shares during the period. Assenagon Asset Management S.A. lifted its position in Halliburton by 1,227.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 300,452 shares of the oilfield services company’s stock valued at $8,728,000 after purchasing an additional 277,823 shares during the period. IFM Investors Pty Ltd boosted its stake in Halliburton by 16.2% in the third quarter. IFM Investors Pty Ltd now owns 224,102 shares of the oilfield services company’s stock valued at $6,510,000 after acquiring an additional 31,280 shares during the last quarter. Finally, International Assets Investment Management LLC grew its stake in shares of Halliburton by 6,443.2% during the third quarter. International Assets Investment Management LLC now owns 245,698 shares of the oilfield services company’s stock worth $71,380,000 after purchasing an additional 241,943 shares during the period. 85.23% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Halliburton from $45.00 to $40.00 and set an “overweight” rating on the stock in a research note on Monday, July 22nd. Susquehanna lowered their target price on Halliburton from $46.00 to $42.00 and set a “positive” rating for the company in a research note on Friday, October 11th. Wells Fargo & Company reduced their target price on shares of Halliburton from $46.00 to $39.00 and set an “overweight” rating for the company in a research note on Wednesday, September 25th. Benchmark reaffirmed a “buy” rating and set a $42.00 price objective on shares of Halliburton in a research report on Monday, July 22nd. Finally, Citigroup reduced their price target on Halliburton from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Friday, June 28th. 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 data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $41.74.

Halliburton Stock Performance

Shares of HAL stock traded up $0.43 during midday trading on Friday, hitting $28.28. 2,184,894 shares of the company were exchanged, compared to its average volume of 7,898,858. Halliburton has a 52 week low of $27.51 and a 52 week high of $41.56. The firm has a market capitalization of $25.04 billion, a P/E ratio of 9.64, a PEG ratio of 1.04 and a beta of 1.88. The firm’s 50 day moving average price is $29.82 and its two-hundred day moving average price is $33.43. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.54 and a current ratio of 2.13.

Halliburton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.40%. The ex-dividend date was Wednesday, September 4th. Halliburton’s payout ratio is 23.53%.

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.