Halliburton (NYSE:HAL) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lifted its position in shares of Halliburton (NYSE:HAL) by 11.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 108,054 shares of the oilfield services company’s stock after buying an additional 11,224 shares during the period. Daiwa Securities Group Inc.’s holdings in Halliburton were worth $3,139,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in HAL. Country Trust Bank acquired a new stake in shares of Halliburton in the third quarter valued at about $36,000. Bruce G. Allen Investments LLC grew its position in Halliburton by 274.9% in the second quarter. Bruce G. Allen Investments LLC now owns 1,121 shares of the oilfield services company’s stock valued at $38,000 after acquiring an additional 822 shares in the last quarter. ORG Wealth Partners LLC acquired a new position in shares of Halliburton during the third quarter worth $44,000. Venturi Wealth Management LLC grew its holdings in Halliburton by 34.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock valued at $47,000 after purchasing an additional 412 shares in the last quarter. Finally, Mattson Financial Services LLC purchased a new stake in Halliburton during the 2nd quarter worth $54,000. 85.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HAL. Wells Fargo & Company dropped their target price on Halliburton from $46.00 to $39.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 25th. Susquehanna cut their target price on Halliburton from $42.00 to $40.00 and set a “positive” rating on the stock in a research report on Friday, November 8th. Raymond James decreased their price target on shares of Halliburton from $41.00 to $37.00 and set a “strong-buy” rating for the company in a research report on Friday, November 8th. Morgan Stanley cut their price target on shares of Halliburton from $35.00 to $34.00 and set an “overweight” rating on the stock in a report on Monday, November 18th. Finally, BMO Capital Markets decreased their price objective on shares of Halliburton from $40.00 to $38.00 and set a “market perform” rating for the company in a report on Thursday, October 10th. Four investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Halliburton has an average rating of “Moderate Buy” and an average price target of $40.74.

Halliburton Price Performance

Shares of Halliburton stock opened at $31.89 on Thursday. Halliburton has a 52 week low of $27.26 and a 52 week high of $41.56. The company has a current ratio of 2.21, a quick ratio of 1.62 and a debt-to-equity ratio of 0.74. The stock has a market cap of $28.02 billion, a PE ratio of 11.11, a price-to-earnings-growth ratio of 3.94 and a beta of 1.89. The company’s 50-day moving average price is $29.63 and its two-hundred day moving average price is $31.89.

Halliburton (NYSE:HAL) last issued its earnings results on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.02). Halliburton had a return on equity of 28.33% and a net margin of 11.04%. The company had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.83 billion. During the same quarter in the previous year, the firm earned $0.79 earnings per share. The business’s revenue was down 1.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Halliburton will post 3.01 EPS for the current fiscal year.

Halliburton Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Wednesday, December 4th will be given a $0.17 dividend. The ex-dividend date is Wednesday, December 4th. This represents a $0.68 annualized dividend and a dividend yield of 2.13%. 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.