Entropy Technologies LP Purchases 76,458 Shares of Halliburton (NYSE:HAL)

Entropy Technologies LP increased its holdings in Halliburton (NYSE:HAL) by 157.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 124,983 shares of the oilfield services company’s stock after buying an additional 76,458 shares during the period. Entropy Technologies LP’s holdings in Halliburton were worth $3,631,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Capital World Investors increased its holdings in shares of Halliburton by 0.3% in the 1st quarter. Capital World Investors now owns 121,928,734 shares of the oilfield services company’s stock worth $4,806,431,000 after buying an additional 377,500 shares during the last quarter. Vanguard Group Inc. increased its stake in Halliburton by 2.7% during the first quarter. Vanguard Group Inc. now owns 100,274,105 shares of the oilfield services company’s stock worth $3,952,805,000 after acquiring an additional 2,618,740 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Halliburton by 46.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 61,090,055 shares of the oilfield services company’s stock valued at $2,408,171,000 after purchasing an additional 19,237,784 shares during the period. Pacer Advisors Inc. raised its position in Halliburton by 17,317.6% during the second quarter. Pacer Advisors Inc. now owns 13,631,188 shares of the oilfield services company’s stock valued at $460,462,000 after purchasing an additional 13,552,927 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Halliburton by 20.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 10,087,115 shares of the oilfield services company’s stock valued at $340,752,000 after purchasing an additional 1,681,620 shares during the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on HAL shares. Benchmark restated a “buy” rating and set a $40.00 price target on shares of Halliburton in a report on Friday. UBS Group lowered their target price on shares of Halliburton from $41.00 to $37.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. JPMorgan Chase & Co. reduced their price objective on shares of Halliburton from $45.00 to $40.00 and set an “overweight” rating on the stock in a research report on Monday, July 22nd. Bank of America dropped their target price on Halliburton from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Finally, Raymond James cut their target price on Halliburton from $41.00 to $37.00 and set a “strong-buy” rating on the stock in a research note on Friday. 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $40.79.

Halliburton Stock Up 3.1 %

Shares of NYSE HAL opened at $30.15 on Tuesday. The stock has a market capitalization of $26.62 billion, a PE ratio of 10.51, a price-to-earnings-growth ratio of 1.93 and a beta of 1.89. The company has a current ratio of 2.21, a quick ratio of 1.54 and a debt-to-equity ratio of 0.74. Halliburton has a 12-month low of $27.26 and a 12-month high of $41.56. The stock’s fifty day simple moving average is $29.10 and its two-hundred day simple moving average is $32.45.

Halliburton (NYSE:HAL) last announced its 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 firm had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.83 billion. During the same quarter in the prior year, the firm posted $0.79 earnings per share. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. As a group, analysts expect that Halliburton will post 3.09 EPS for the current fiscal year.

Halliburton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th were paid a $0.17 dividend. The ex-dividend date was Wednesday, September 4th. This represents a $0.68 annualized dividend and a yield of 2.26%. Halliburton’s dividend payout ratio (DPR) 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.