Halliburton (NYSE:HAL) Shares Bought by World Investment Advisors LLC

World Investment Advisors LLC lifted its holdings in shares of Halliburton (NYSE:HAL) by 49.5% during the 3rd quarter, Holdings Channel reports. The firm owned 9,161 shares of the oilfield services company’s stock after buying an additional 3,032 shares during the period. World Investment Advisors LLC’s holdings in Halliburton were worth $266,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC grew its stake in Halliburton by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 20,630,361 shares of the oilfield services company’s stock worth $597,234,000 after purchasing an additional 172,505 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Halliburton by 23.1% in the 3rd quarter. Pacer Advisors Inc. now owns 16,782,174 shares of the oilfield services company’s stock valued at $487,522,000 after buying an additional 3,150,986 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Halliburton by 20.0% during the second quarter. Dimensional Fund Advisors LP now owns 10,087,115 shares of the oilfield services company’s stock worth $340,752,000 after buying an additional 1,681,620 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Halliburton by 1.2% during the second quarter. Bank of New York Mellon Corp now owns 7,342,857 shares of the oilfield services company’s stock worth $248,042,000 after buying an additional 83,894 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Halliburton by 2.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,742,352 shares of the oilfield services company’s stock valued at $166,815,000 after acquiring an additional 115,504 shares in the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on HAL shares. Morgan Stanley lowered their price target on shares of Halliburton from $35.00 to $34.00 and set an “overweight” rating for the company in a report on Monday, November 18th. Stifel Nicolaus lowered their target price on shares of Halliburton from $45.00 to $42.00 and set a “buy” rating for the company in a research note on Friday, October 11th. Barclays restated an “equal weight” rating and issued a $33.00 price target (down from $43.00) on shares of Halliburton in a research note on Wednesday. Jefferies Financial Group lowered their price objective on Halliburton from $47.00 to $46.00 and set a “buy” rating for the company in a research report on Tuesday, September 24th. Finally, UBS Group lowered Halliburton from a “buy” rating to a “neutral” rating and cut their target price for the stock from $36.00 to $34.00 in a research report on Monday, December 9th. Six research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $39.79.

Halliburton Price Performance

Shares of HAL opened at $26.15 on Thursday. 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 has a fifty-two week low of $26.11 and a fifty-two week high of $41.56. The firm has a 50-day simple moving average of $29.55 and a 200-day simple moving average of $31.12. The company has a market capitalization of $22.97 billion, a price-to-earnings ratio of 9.11, a price-to-earnings-growth ratio of 3.61 and a beta of 1.90.

Halliburton (NYSE:HAL) last posted its quarterly earnings data on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm’s revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.79 earnings per share. On average, equities research analysts anticipate that Halliburton will post 3 earnings per share for the current year.

Halliburton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Wednesday, December 4th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $0.68 annualized dividend and a yield of 2.60%. Halliburton’s dividend payout ratio is currently 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.