Halliburton (NYSE:HAL) Position Increased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. grew its position in Halliburton (NYSE:HAL) by 11.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 108,054 shares of the oilfield services company’s stock after purchasing an additional 11,224 shares during the period. Daiwa Securities Group Inc.’s holdings in Halliburton were worth $3,139,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Larson Financial Group LLC grew its position in Halliburton by 6.5% in the third quarter. Larson Financial Group LLC now owns 61,686 shares of the oilfield services company’s stock worth $1,792,000 after acquiring an additional 3,738 shares in the last quarter. Penserra Capital Management LLC lifted its stake in shares of Halliburton by 39.9% in the 3rd quarter. Penserra Capital Management LLC now owns 15,209 shares of the oilfield services company’s stock valued at $441,000 after purchasing an additional 4,340 shares during the last quarter. StoneX Group Inc. boosted its holdings in Halliburton by 14.2% in the third quarter. StoneX Group Inc. now owns 30,141 shares of the oilfield services company’s stock worth $876,000 after purchasing an additional 3,755 shares in the last quarter. Cerity Partners LLC increased its position in Halliburton by 84.6% during the third quarter. Cerity Partners LLC now owns 453,649 shares of the oilfield services company’s stock worth $13,179,000 after buying an additional 207,838 shares during the last quarter. Finally, Great Valley Advisor Group Inc. raised its holdings in Halliburton by 10.9% during the third quarter. Great Valley Advisor Group Inc. now owns 107,886 shares of the oilfield services company’s stock valued at $3,134,000 after buying an additional 10,575 shares in the last quarter. 85.23% of the stock is owned by hedge funds and other institutional investors.

Halliburton Stock Performance

Shares of NYSE:HAL opened at $31.89 on Thursday. The stock has a market capitalization of $28.02 billion, a price-to-earnings ratio of 11.11, a price-to-earnings-growth ratio of 3.94 and a beta of 1.89. The business’s fifty day moving average price is $29.63 and its two-hundred day moving average price is $31.89. Halliburton has a fifty-two week low of $27.26 and a fifty-two week high of $41.56. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.21 and a quick ratio of 1.62.

Halliburton (NYSE:HAL) last announced its earnings results on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share (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 for the quarter, compared to analyst estimates of $5.83 billion. During the same quarter last year, the business earned $0.79 EPS. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. As a group, analysts predict that Halliburton will post 3.01 EPS for the current fiscal year.

Halliburton Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Shareholders 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 yield of 2.13%. The ex-dividend date of this dividend is Wednesday, December 4th. Halliburton’s dividend payout ratio is currently 23.69%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Stifel Nicolaus lowered their price objective on Halliburton from $45.00 to $42.00 and set a “buy” rating on the stock in a report on Friday, October 11th. Bank of America lowered their price target on Halliburton from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Benchmark reaffirmed a “buy” rating and set a $40.00 price objective on shares of Halliburton in a report on Friday, November 8th. Dbs Bank started coverage on shares of Halliburton in a research note on Wednesday, September 18th. They issued a “buy” rating and a $45.00 target price on the stock. Finally, Barclays cut their target price on shares of Halliburton from $47.00 to $43.00 and set an “overweight” rating for the company in a research report on Friday, November 8th. Four investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average 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.