Brooklyn Investment Group Invests $62,000 in Halliburton (NYSE:HAL)

Brooklyn Investment Group bought a new stake in Halliburton (NYSE:HAL) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,122 shares of the oilfield services company’s stock, valued at approximately $62,000.

A number of other large investors have also added to or reduced their stakes in the stock. Quantbot Technologies LP acquired a new stake in Halliburton during the third quarter worth approximately $8,775,000. D.A. Davidson & CO. boosted its holdings in shares of Halliburton by 5.0% in the 3rd quarter. D.A. Davidson & CO. now owns 26,643 shares of the oilfield services company’s stock valued at $774,000 after purchasing an additional 1,274 shares in the last quarter. Qsemble Capital Management LP acquired a new stake in shares of Halliburton in the 3rd quarter valued at $4,909,000. Bank of Montreal Can boosted its holdings in shares of Halliburton by 1.4% in the 3rd quarter. Bank of Montreal Can now owns 902,208 shares of the oilfield services company’s stock valued at $25,848,000 after purchasing an additional 12,810 shares in the last quarter. Finally, Brown Brothers Harriman & Co. boosted its holdings in shares of Halliburton by 28.8% in 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. Institutional investors and hedge funds own 85.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on HAL. Bank of America cut their price objective on Halliburton from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Raymond James cut their price objective on Halliburton from $41.00 to $37.00 and set a “strong-buy” rating on the stock in a report on Friday, November 8th. Benchmark reissued a “buy” rating and set a $40.00 price objective on shares of Halliburton in a report on Friday, November 8th. Barclays cut their price objective on Halliburton from $47.00 to $43.00 and set an “overweight” rating on the stock in a report on Friday, November 8th. Finally, Wells Fargo & Company lowered their target price on Halliburton from $46.00 to $39.00 and set an “overweight” rating for the company in a research report on Wednesday, September 25th. Four investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $40.74.

Halliburton Price Performance

HAL stock opened at $31.88 on Friday. Halliburton has a 52-week low of $27.26 and a 52-week high of $41.56. The business has a 50-day simple moving average of $29.67 and a two-hundred day simple moving average of $31.89. The company has a market capitalization of $28.01 billion, a P/E ratio of 11.11, a price-to-earnings-growth ratio of 3.94 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 (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). The company had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.83 billion. Halliburton had a return on equity of 28.33% and a net margin of 11.04%. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period last year, the firm posted $0.79 EPS. Research analysts expect that Halliburton will post 3.01 EPS for the current fiscal year.

Halliburton Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Shareholders 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 yield of 2.13%. Halliburton’s payout ratio is 23.69%.

Halliburton Company 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.