Private Trust Co. NA Has $164,000 Stock Holdings in Halliburton (NYSE:HAL)

Private Trust Co. NA lowered its position in shares of Halliburton (NYSE:HAL) by 6.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,635 shares of the oilfield services company’s stock after selling 376 shares during the quarter. Private Trust Co. NA’s holdings in Halliburton were worth $164,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. increased its holdings in Halliburton by 28.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company’s stock valued at $51,000 after purchasing an additional 393 shares in the last quarter. Fisher Asset Management LLC increased its stake in shares of Halliburton by 20.0% in the third quarter. Fisher Asset Management LLC now owns 508,889 shares of the oilfield services company’s stock valued at $14,783,000 after buying an additional 84,796 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Halliburton by 11.6% in the third quarter. Daiwa Securities Group Inc. now owns 108,054 shares of the oilfield services company’s stock valued at $3,139,000 after buying an additional 11,224 shares during the last quarter. Larson Financial Group LLC lifted its position in Halliburton by 6.5% during the 3rd quarter. Larson Financial Group LLC now owns 61,686 shares of the oilfield services company’s stock worth $1,792,000 after buying an additional 3,738 shares in the last quarter. Finally, Penserra Capital Management LLC grew its holdings in Halliburton by 39.9% during the 3rd quarter. Penserra Capital Management LLC now owns 15,209 shares of the oilfield services company’s stock worth $441,000 after acquiring an additional 4,340 shares during the last quarter. 85.23% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on HAL shares. Wells Fargo & Company decreased their price target on shares of Halliburton from $46.00 to $39.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 25th. Raymond James decreased their price objective on Halliburton from $41.00 to $37.00 and set a “strong-buy” rating on the stock in a research report on Friday, November 8th. Susquehanna dropped their target price on Halliburton from $42.00 to $40.00 and set a “positive” rating for the company in a research report on Friday, November 8th. Jefferies Financial Group decreased their price target on Halliburton from $47.00 to $46.00 and set a “buy” rating on the stock in a report on Tuesday, September 24th. Finally, Barclays dropped their price objective on Halliburton from $47.00 to $43.00 and set an “overweight” rating for the company in a report on Friday, November 8th. Four investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $40.74.

Halliburton Stock Performance

HAL stock opened at $31.86 on Friday. Halliburton has a 1-year low of $27.26 and a 1-year 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 firm has a market cap of $27.99 billion, a PE ratio of 11.10, a P/E/G ratio of 3.93 and a beta of 1.89. The business’s 50-day moving average price is $29.72 and its two-hundred day moving average price is $31.85.

Halliburton (NYSE:HAL) last issued its quarterly earnings data 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 business 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%. Halliburton’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.79 earnings per share. As a group, research analysts forecast that Halliburton will post 3.01 earnings per share for the current year.

Halliburton Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Wednesday, December 4th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend is Wednesday, December 4th. Halliburton’s dividend payout ratio is 23.69%.

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.