Achmea Investment Management B.V. Has $5.82 Million Position in Halliburton (NYSE:HAL)

Achmea Investment Management B.V. lessened its position in Halliburton (NYSE:HALFree Report) by 1.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 143,735 shares of the oilfield services company’s stock after selling 1,551 shares during the period. Achmea Investment Management B.V.’s holdings in Halliburton were worth $5,821,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Capital World Investors raised its holdings in Halliburton by 47.1% during the 2nd quarter. Capital World Investors now owns 114,407,642 shares of the oilfield services company’s stock worth $3,774,308,000 after purchasing an additional 36,640,866 shares during the last quarter. Boston Partners increased its stake in shares of Halliburton by 4.5% in the 2nd quarter. Boston Partners now owns 25,748,754 shares of the oilfield services company’s stock valued at $853,795,000 after acquiring an additional 1,120,274 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Halliburton by 2.1% in the 2nd quarter. Geode Capital Management LLC now owns 19,079,068 shares of the oilfield services company’s stock valued at $627,759,000 after acquiring an additional 387,735 shares during the last quarter. Morgan Stanley grew its position in shares of Halliburton by 65.5% in the 4th quarter. Morgan Stanley now owns 17,217,776 shares of the oilfield services company’s stock valued at $677,520,000 after purchasing an additional 6,815,373 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in shares of Halliburton by 123.0% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 15,936,342 shares of the oilfield services company’s stock valued at $627,088,000 after purchasing an additional 8,791,319 shares during the period. 82.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on HAL. Royal Bank of Canada reaffirmed an “outperform” rating and set a $45.00 price target on shares of Halliburton in a research report on Wednesday. TD Cowen upped their price target on Halliburton from $49.00 to $51.00 and gave the stock an “outperform” rating in a research report on Wednesday. Wells Fargo & Company cut their price objective on Halliburton from $53.00 to $52.00 and set an “overweight” rating for the company in a report on Tuesday, October 3rd. Jefferies Financial Group increased their price objective on Halliburton from $49.00 to $51.00 in a report on Monday, October 2nd. Finally, Raymond James cut their price objective on Halliburton from $49.00 to $47.00 and set a “strong-buy” rating for the company in a report on Wednesday. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $48.47.

Read Our Latest Stock Analysis on HAL

Halliburton Trading Up 1.4 %

Shares of HAL stock traded up $0.53 during mid-day trading on Friday, reaching $37.53. 8,801,021 shares of the stock traded hands, compared to its average volume of 8,262,099. Halliburton has a 1-year low of $27.84 and a 1-year high of $43.85. The company has a quick ratio of 1.53, a current ratio of 2.06 and a debt-to-equity ratio of 0.81. The company has a market cap of $33.59 billion, a price-to-earnings ratio of 12.83, a price-to-earnings-growth ratio of 0.57 and a beta of 2.02. The stock’s fifty day simple moving average is $35.99 and its two-hundred day simple moving average is $38.43.

Halliburton (NYSE:HALGet Free Report) last issued its earnings results on Tuesday, January 23rd. The oilfield services company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.06. The business had revenue of $5.74 billion during the quarter, compared to the consensus estimate of $5.78 billion. Halliburton had a return on equity of 31.59% and a net margin of 11.46%. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.72 earnings per share. On average, research analysts anticipate that Halliburton will post 3.43 EPS for the current fiscal year.

Halliburton Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th will be issued a dividend of $0.17 per share. This is an increase from Halliburton’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Tuesday, March 5th. This represents a $0.68 annualized dividend and a dividend yield of 1.81%. Halliburton’s payout ratio is currently 21.84%.

About Halliburton

(Free Report)

Halliburton Company provides products and services to the energy industry worldwide. It operates in 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; 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; production solutions comprising coiled tubing, hydraulic workover units, downhole tools, and pumping and nitrogen services; and pipeline and process services, such as pre-commissioning, commissioning, maintenance, and decommissioning.

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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