Massachusetts Financial Services Co. MA Decreases Stock Holdings in Halliburton (NYSE:HAL)

Massachusetts Financial Services Co. MA lowered its stake in Halliburton (NYSE:HAL) by 0.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,141,054 shares of the oilfield services company’s stock after selling 27,799 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.36% of Halliburton worth $91,248,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in HAL. Pacer Advisors Inc. boosted its stake in shares of Halliburton by 17,317.6% in the 2nd quarter. Pacer Advisors Inc. now owns 13,631,188 shares of the oilfield services company’s stock worth $460,462,000 after buying an additional 13,552,927 shares during the last quarter. LSV Asset Management boosted its position in Halliburton by 24,954.1% in the second quarter. LSV Asset Management now owns 2,730,900 shares of the oilfield services company’s stock worth $92,250,000 after purchasing an additional 2,720,000 shares during the last quarter. Thompson Siegel & Walmsley LLC bought a new stake in shares of Halliburton during the 3rd quarter valued at about $55,132,000. Dimensional Fund Advisors LP increased its position in shares of Halliburton by 20.0% during 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. Finally, Thrivent Financial for Lutherans lifted its stake in shares of Halliburton by 22.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 5,520,383 shares of the oilfield services company’s stock worth $160,367,000 after purchasing an additional 995,649 shares during the period. Institutional investors own 85.23% of the company’s stock.

Halliburton Trading Up 0.2 %

Shares of Halliburton stock opened at $31.94 on Friday. Halliburton has a twelve month low of $27.26 and a twelve month high of $41.56. The company has a quick ratio of 1.62, a current ratio of 2.21 and a debt-to-equity ratio of 0.74. The business has a 50-day moving average price of $29.45 and a 200-day moving average price of $32.00. The firm has a market cap of $28.06 billion, a price-to-earnings ratio of 11.13, a PEG ratio of 3.92 and a beta of 1.89.

Halliburton (NYSE:HAL) last released its quarterly earnings results on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.02). The firm had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.83 billion. Halliburton had a net margin of 11.04% and a return on equity of 28.33%. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.79 EPS. Equities research analysts anticipate that Halliburton will post 3.01 EPS for the current fiscal year.

Halliburton Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Wednesday, December 4th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend is Wednesday, December 4th. Halliburton’s dividend payout ratio is presently 23.69%.

Wall Street Analyst Weigh In

A number of analysts have commented on HAL shares. BMO Capital Markets reduced their target price on shares of Halliburton from $40.00 to $38.00 and set a “market perform” rating for the company in a report on Thursday, October 10th. Morgan Stanley decreased their target price on Halliburton from $35.00 to $34.00 and set an “overweight” rating on the stock in a report on Monday, November 18th. The Goldman Sachs Group cut their price target on Halliburton from $47.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Stifel Nicolaus decreased their price objective on Halliburton from $45.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. Finally, Jefferies Financial Group cut their price objective on Halliburton from $47.00 to $46.00 and set a “buy” rating for the company in a research note on Tuesday, September 24th. Four analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $40.74.

Halliburton 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.