Halliburton (NYSE:HAL) Stock Holdings Cut by Wesbanco Bank Inc.

Wesbanco Bank Inc. cut its stake in shares of Halliburton (NYSE:HAL) by 12.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 162,307 shares of the oilfield services company’s stock after selling 23,693 shares during the quarter. Wesbanco Bank Inc.’s holdings in Halliburton were worth $4,413,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of HAL. Benjamin F. Edwards & Company Inc. raised its holdings in Halliburton by 440.5% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,227 shares of the oilfield services company’s stock valued at $75,000 after buying an additional 1,815 shares in the last quarter. AE Wealth Management LLC raised its stake in shares of Halliburton by 77.6% in the second quarter. AE Wealth Management LLC now owns 10,863 shares of the oilfield services company’s stock valued at $367,000 after acquiring an additional 4,746 shares during the last quarter. Sei Investments Co. raised its stake in shares of Halliburton by 34.6% in the second quarter. Sei Investments Co. now owns 201,100 shares of the oilfield services company’s stock valued at $6,793,000 after acquiring an additional 51,679 shares during the last quarter. Ensign Peak Advisors Inc raised its position in Halliburton by 13.0% in the 2nd quarter. Ensign Peak Advisors Inc now owns 204,922 shares of the oilfield services company’s stock worth $6,922,000 after purchasing an additional 23,608 shares during the last quarter. Finally, ProShare Advisors LLC raised its position in Halliburton by 13.7% in the 2nd quarter. ProShare Advisors LLC now owns 219,177 shares of the oilfield services company’s stock worth $7,404,000 after purchasing an additional 26,409 shares during the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Halliburton Trading Down 3.3 %

Shares of Halliburton stock opened at $28.56 on Thursday. The firm has a 50-day simple moving average of $28.92 and a two-hundred day simple moving average of $30.05. The company has a market cap of $25.09 billion, a P/E ratio of 9.95, a price-to-earnings-growth ratio of 3.72 and a beta of 1.91. Halliburton has a fifty-two week low of $25.51 and a fifty-two week high of $41.56. 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 (NYSE:HAL) last posted 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). Halliburton had a net margin of 11.04% and a return on equity of 28.33%. The firm had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.83 billion. During the same period last year, the company earned $0.79 EPS. The business’s quarterly revenue was down 1.8% on a year-over-year basis. As a group, equities analysts predict that Halliburton will post 2.99 earnings per share for the current fiscal year.

Halliburton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 26th. Stockholders of record on Wednesday, December 4th were given a dividend of $0.17 per share. The ex-dividend date was Wednesday, December 4th. This represents a $0.68 annualized dividend and a dividend yield of 2.38%. Halliburton’s dividend payout ratio (DPR) is currently 23.69%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Morgan Stanley decreased 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. Jefferies Financial Group decreased their target price on shares of Halliburton from $43.00 to $41.00 and set a “buy” rating on the stock in a research report on Friday, January 3rd. Susquehanna decreased their target price on shares of Halliburton from $42.00 to $40.00 and set a “positive” rating on the stock in a research note on Friday, November 8th. Bank of America cut their price target on shares of Halliburton from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Finally, Evercore ISI dropped their target price on shares of Halliburton from $43.00 to $35.00 and set an “outperform” rating on the stock in a report on Wednesday, January 15th. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $38.26.

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.