Thompson Siegel & Walmsley LLC Takes $55.13 Million Position in Halliburton (NYSE:HAL)

Thompson Siegel & Walmsley LLC purchased a new position in Halliburton (NYSE:HAL) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 1,897,819 shares of the oilfield services company’s stock, valued at approximately $55,132,000.

Several other institutional investors have also recently made changes to their positions in the stock. Bruce G. Allen Investments LLC grew its stake 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 during the period. Crewe Advisors LLC bought a new stake in Halliburton during the 1st quarter valued at $46,000. Country Trust Bank bought a new position in shares of Halliburton in the third quarter valued at $36,000. Beacon Capital Management LLC increased its position in shares of Halliburton by 28.8% during the first quarter. Beacon Capital Management LLC now owns 1,382 shares of the oilfield services company’s stock worth $54,000 after acquiring an additional 309 shares in the last quarter. Finally, ORG Wealth Partners LLC acquired a new stake in shares of Halliburton in the 3rd quarter worth about $44,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on HAL shares. Raymond James decreased their price objective on Halliburton from $41.00 to $37.00 and set a “strong-buy” rating for the company in a report on Friday, November 8th. Morgan Stanley lowered their price target on Halliburton from $35.00 to $34.00 and set an “overweight” rating for the company in a research report on Monday. Bank of America cut their price objective on shares of Halliburton from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Dbs Bank assumed coverage on shares of Halliburton in a report on Wednesday, September 18th. They issued a “buy” rating and a $45.00 target price for the company. Finally, Barclays cut their price target on shares of Halliburton from $47.00 to $43.00 and set an “overweight” rating on the stock in a report on Friday, November 8th. 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $40.74.

Halliburton Stock Performance

NYSE:HAL opened at $31.18 on Thursday. Halliburton has a twelve month low of $27.26 and a twelve month high of $41.56. The company has a quick ratio of 1.62, a current ratio of 2.21 and a debt-to-equity ratio of 0.74. The stock has a market cap of $27.39 billion, a P/E ratio of 10.86, a PEG ratio of 3.75 and a beta of 1.89. The business’s 50-day moving average price is $29.29 and its two-hundred day moving average price is $32.07.

Halliburton (NYSE:HAL) last released 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 analysts’ expectations of $5.83 billion. During the same period in the prior year, the firm earned $0.79 EPS. Halliburton’s quarterly revenue was down 1.8% on a year-over-year basis. As a group, equities analysts predict that Halliburton will post 3.01 EPS for the current fiscal year.

Halliburton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Wednesday, December 4th will be issued a dividend of $0.17 per share. The ex-dividend date is Wednesday, December 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.18%. Halliburton’s dividend payout ratio is 23.69%.

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.