Bowman & Co S.C. Has $568,000 Stock Position in Halliburton (NYSE:HAL)

Bowman & Co S.C. lowered its position in shares of Halliburton (NYSE:HAL) by 28.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,885 shares of the oilfield services company’s stock after selling 8,435 shares during the quarter. Bowman & Co S.C.’s holdings in Halliburton were worth $568,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in HAL. Cary Street Partners Asset Management LLC boosted its holdings in shares of Halliburton by 56.5% during the 3rd quarter. Cary Street Partners Asset Management LLC now owns 157,085 shares of the oilfield services company’s stock worth $4,563,000 after buying an additional 56,707 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in Halliburton by 146.0% in the second quarter. Canada Pension Plan Investment Board now owns 842,355 shares of the oilfield services company’s stock valued at $28,455,000 after acquiring an additional 500,000 shares during the period. Mackenzie Financial Corp raised its position in shares of Halliburton by 105.2% during the second quarter. Mackenzie Financial Corp now owns 186,961 shares of the oilfield services company’s stock worth $6,316,000 after purchasing an additional 95,864 shares during the period. Pacer Advisors Inc. grew its position in Halliburton by 23.1% in the 3rd quarter. Pacer Advisors Inc. now owns 16,782,174 shares of the oilfield services company’s stock valued at $487,522,000 after purchasing an additional 3,150,986 shares during the period. Finally, Quest Partners LLC lifted its stake in shares of Halliburton by 2,418.9% in the third quarter. Quest Partners LLC now owns 78,387 shares of the oilfield services company’s stock valued at $2,277,000 after buying an additional 75,275 shares in the last quarter. 85.23% of the stock is owned by institutional investors.

Halliburton Stock Up 2.3 %

HAL opened at $29.96 on Friday. Halliburton has a 12 month low of $25.51 and a 12 month high of $41.56. The company has a market cap of $26.32 billion, a PE ratio of 10.44, a price-to-earnings-growth ratio of 3.36 and a beta of 1.91. 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 company has a 50 day moving average of $28.94 and a 200 day moving average of $30.16.

Halliburton (NYSE:HAL) last posted 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). 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 the consensus estimate of $5.83 billion. During the same period in the previous year, the business earned $0.79 earnings per share. Halliburton’s revenue was down 1.8% on a year-over-year basis. On average, sell-side analysts expect that Halliburton will post 2.99 EPS for the current year.

Halliburton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 26th. Stockholders of record on Wednesday, December 4th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend was Wednesday, December 4th. Halliburton’s dividend payout ratio is presently 23.69%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Jefferies Financial Group cut their price target on Halliburton from $43.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. Bank of America decreased their price target on Halliburton from $40.00 to $38.00 and set a “buy” rating for the company in a report on Monday, October 14th. BMO Capital Markets reduced their target price on shares of Halliburton from $40.00 to $38.00 and set a “market perform” rating for the company in a research note on Thursday, October 10th. UBS Group cut shares of Halliburton from a “buy” rating to a “neutral” rating and cut their price target for the stock from $36.00 to $34.00 in a report on Monday, December 9th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Halliburton from $35.00 to $33.00 and set an “overweight” rating for the company in a research note on Thursday, January 2nd. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Halliburton presently has a consensus rating of “Moderate Buy” and an average target price of $38.26.

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.