Gateway Investment Advisers LLC Has $11.51 Million Holdings in Halliburton (NYSE:HAL)

Gateway Investment Advisers LLC trimmed its position in shares of Halliburton (NYSE:HAL) by 12.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 423,385 shares of the oilfield services company’s stock after selling 62,523 shares during the period. Gateway Investment Advisers LLC’s holdings in Halliburton were worth $11,512,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cary Street Partners Asset Management LLC increased its stake 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 purchasing an additional 56,707 shares during the last quarter. Canada Pension Plan Investment Board grew its holdings in Halliburton by 146.0% during the second quarter. Canada Pension Plan Investment Board now owns 842,355 shares of the oilfield services company’s stock worth $28,455,000 after purchasing an additional 500,000 shares during the period. Mackenzie Financial Corp increased its position in 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 buying an additional 95,864 shares during the last quarter. Pacer Advisors Inc. raised its stake in Halliburton by 23.1% in the third quarter. Pacer Advisors Inc. now owns 16,782,174 shares of the oilfield services company’s stock valued at $487,522,000 after buying an additional 3,150,986 shares during the period. Finally, Quest Partners LLC lifted its position 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 during the last quarter. 85.23% of the stock is owned by institutional investors.

Halliburton Stock Performance

Shares of Halliburton stock opened at $29.28 on Friday. 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 market cap of $25.72 billion, a PE ratio of 10.20, a price-to-earnings-growth ratio of 3.36 and a beta of 1.91. The company has a 50 day moving average of $28.93 and a 200-day moving average of $30.19. Halliburton has a 1-year low of $25.51 and a 1-year high of $41.56.

Halliburton (NYSE:HAL) last issued its earnings results on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share 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 analyst estimates of $5.83 billion. During the same period in the prior year, the business posted $0.79 EPS. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. As a group, equities research analysts forecast that Halliburton will post 2.99 earnings per share for the current fiscal year.

Halliburton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 26th. Shareholders of record on Wednesday, December 4th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend was Wednesday, December 4th. Halliburton’s payout ratio is 23.69%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Stifel Nicolaus dropped their price target on Halliburton from $45.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. Raymond James cut shares of Halliburton from a “strong-buy” rating to a “market perform” rating in a research note on Monday, January 6th. Griffin Securities downgraded shares of Halliburton from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. Bank of America cut their price objective on shares of Halliburton from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Finally, JPMorgan Chase & Co. decreased their target price on Halliburton from $35.00 to $33.00 and set an “overweight” rating on the stock in a research report on Thursday, January 2nd. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target 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.