National Bank of Canada FI Acquires 207,452 Shares of Halliburton (NYSE:HAL)

National Bank of Canada FI increased its holdings in shares of Halliburton (NYSE:HAL) by 84.1% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 454,004 shares of the oilfield services company’s stock after purchasing an additional 207,452 shares during the quarter. National Bank of Canada FI owned 0.05% of Halliburton worth $13,189,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Diversified Trust Co acquired a new stake in shares of Halliburton during the second quarter worth $217,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Halliburton by 27.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 89,112 shares of the oilfield services company’s stock valued at $3,010,000 after purchasing an additional 19,454 shares in the last quarter. ORG Partners LLC boosted its position in shares of Halliburton by 2,536.8% during the second quarter. ORG Partners LLC now owns 3,797 shares of the oilfield services company’s stock worth $127,000 after buying an additional 3,653 shares during the period. Wedge Capital Management L L P NC grew its holdings in shares of Halliburton by 37.0% during the second quarter. Wedge Capital Management L L P NC now owns 714,084 shares of the oilfield services company’s stock worth $24,122,000 after buying an additional 192,905 shares in the last quarter. Finally, Welch Group LLC raised its position in Halliburton by 149.2% in the 2nd quarter. Welch Group LLC now owns 12,839 shares of the oilfield services company’s stock valued at $434,000 after buying an additional 7,686 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on HAL shares. UBS Group cut shares of Halliburton from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $36.00 to $34.00 in a research note on Monday. Bank of America decreased their target price on shares of Halliburton from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Barclays lowered their price objective on shares of Halliburton from $47.00 to $43.00 and set an “overweight” rating on the stock in a research note on Friday, November 8th. Jefferies Financial Group cut their target price on shares of Halliburton from $47.00 to $46.00 and set a “buy” rating for the company in a research note on Tuesday, September 24th. Finally, Dbs Bank initiated coverage on Halliburton in a research report on Wednesday, September 18th. They set a “buy” rating and a $45.00 price target on the stock. Five investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $40.58.

Halliburton Trading Down 0.1 %

Shares of HAL stock opened at $29.07 on Wednesday. The stock has a market cap of $25.53 billion, a P/E ratio of 10.13, a price-to-earnings-growth ratio of 3.56 and a beta of 1.90. Halliburton has a 1 year low of $27.26 and a 1 year high of $41.56. 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 stock has a 50 day simple moving average of $29.87 and a 200 day simple moving average of $31.48.

Halliburton (NYSE:HAL) last released its earnings results on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.02). The company had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.83 billion. Halliburton had a return on equity of 28.33% and a net margin of 11.04%. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period last year, the company posted $0.79 earnings per share. On average, research analysts predict that Halliburton will post 3 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Wednesday, December 4th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date is Wednesday, December 4th. Halliburton’s dividend payout ratio (DPR) is presently 23.69%.

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.