MQS Management LLC Sells 3,157 Shares of Halliburton (NYSE:HAL)

MQS Management LLC reduced its holdings in Halliburton (NYSE:HAL) by 12.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,966 shares of the oilfield services company’s stock after selling 3,157 shares during the period. MQS Management LLC’s holdings in Halliburton were worth $667,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Envestnet Portfolio Solutions Inc. boosted its stake in Halliburton by 18.1% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 21,162 shares of the oilfield services company’s stock worth $834,000 after acquiring an additional 3,238 shares during the last quarter. QRG Capital Management Inc. raised its position in shares of Halliburton by 326.5% during the first quarter. QRG Capital Management Inc. now owns 35,610 shares of the oilfield services company’s stock worth $1,404,000 after purchasing an additional 27,260 shares during the period. Avantax Advisory Services Inc. lifted its holdings in shares of Halliburton by 64.0% during the 1st quarter. Avantax Advisory Services Inc. now owns 22,681 shares of the oilfield services company’s stock valued at $894,000 after purchasing an additional 8,854 shares in the last quarter. Bleakley Financial Group LLC grew its position in shares of Halliburton by 7.5% in the 1st quarter. Bleakley Financial Group LLC now owns 16,159 shares of the oilfield services company’s stock valued at $637,000 after purchasing an additional 1,124 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in Halliburton by 2.0% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 417,843 shares of the oilfield services company’s stock worth $16,471,000 after buying an additional 8,259 shares during the period. Institutional investors and hedge funds own 85.23% of the company’s stock.

Halliburton Stock Up 0.2 %

Shares of HAL opened at $30.19 on Wednesday. The firm has a market cap of $26.52 billion, a P/E ratio of 10.52, a price-to-earnings-growth ratio of 3.68 and a beta of 1.89. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.62 and a current ratio of 2.21. Halliburton has a 52 week low of $27.26 and a 52 week high of $41.56. The firm’s 50-day simple moving average is $29.09 and its 200 day simple moving average is $32.33.

Halliburton (NYSE:HAL) last posted its quarterly earnings data 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 net margin of 11.04% and a return on equity of 28.33%. The business had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.83 billion. During the same period in the prior year, the firm earned $0.79 EPS. The business’s revenue for the quarter was down 1.8% on a year-over-year basis. On average, analysts forecast that Halliburton will post 3.03 earnings per share for the current year.

Halliburton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend was Wednesday, September 4th. Halliburton’s payout ratio is 23.69%.

Analysts Set New Price Targets

HAL has been the subject of several research reports. Johnson Rice raised shares of Halliburton to a “moderate buy” rating in a research report on Friday, July 19th. Morgan Stanley cut their price target on Halliburton from $45.00 to $35.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. Dbs Bank initiated coverage on Halliburton in a research report on Wednesday, September 18th. They issued a “buy” rating and a $45.00 target price on the stock. Susquehanna decreased their price target on shares of Halliburton from $42.00 to $40.00 and set a “positive” rating for the company in a research note on Friday, November 8th. Finally, Evercore ISI cut their price objective on shares of Halliburton from $52.00 to $48.00 and set an “outperform” rating on the stock in a research report on Monday, July 22nd. Four analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.79.

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.