Private Trust Co. NA Sells 376 Shares of Halliburton (NYSE:HAL)

Private Trust Co. NA lessened its holdings in Halliburton (NYSE:HAL) by 6.3% during the third quarter, HoldingsChannel.com reports. The firm owned 5,635 shares of the oilfield services company’s stock after selling 376 shares during the period. Private Trust Co. NA’s holdings in Halliburton were worth $164,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Janus Henderson Group PLC boosted its position in Halliburton by 131.8% during the first quarter. Janus Henderson Group PLC now owns 278,194 shares of the oilfield services company’s stock valued at $10,963,000 after purchasing an additional 158,169 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Halliburton in the 1st quarter valued at approximately $1,616,000. B. Riley Wealth Advisors Inc. grew its stake in shares of Halliburton by 25.4% in the first quarter. B. Riley Wealth Advisors Inc. now owns 23,971 shares of the oilfield services company’s stock valued at $971,000 after buying an additional 4,849 shares in the last quarter. Atria Investments Inc bought a new stake in Halliburton during the first quarter worth $1,370,000. Finally, Cetera Investment Advisers raised its position in Halliburton by 196.0% during the first quarter. Cetera Investment Advisers now owns 144,998 shares of the oilfield services company’s stock worth $5,716,000 after acquiring an additional 96,005 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Wall Street Analyst Weigh In

HAL has been the topic of several recent analyst reports. Bank of America lowered their price objective on shares of Halliburton from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. The Goldman Sachs Group dropped their price objective on Halliburton from $47.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Jefferies Financial Group reduced their target price on Halliburton from $47.00 to $46.00 and set a “buy” rating for the company in a research note on Tuesday, September 24th. Wells Fargo & Company dropped their price target on Halliburton from $46.00 to $39.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 25th. Finally, BMO Capital Markets reduced their price objective on shares of Halliburton from $40.00 to $38.00 and set a “market perform” rating for the company in a research report on Thursday, October 10th. Four analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $40.74.

Halliburton Stock Performance

NYSE:HAL opened at $31.86 on Friday. 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 $27.26 and a fifty-two week high of $41.56. The company has a market cap of $27.99 billion, a price-to-earnings ratio of 11.10, a PEG ratio of 3.93 and a beta of 1.89. The stock has a fifty day moving average price of $29.72 and a 200-day moving average price of $31.85.

Halliburton (NYSE:HAL) last announced its quarterly earnings data 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). The firm 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 company’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.79 earnings per share. As a group, equities analysts anticipate that Halliburton will post 3.01 EPS for the current fiscal year.

Halliburton Dividend Announcement

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 given a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $0.68 annualized dividend and a yield of 2.13%. Halliburton’s dividend payout ratio is currently 23.69%.

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.