Fisher Asset Management LLC Acquires 84,796 Shares of Halliburton (NYSE:HAL)

Fisher Asset Management LLC boosted its holdings in Halliburton (NYSE:HAL) by 20.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 508,889 shares of the oilfield services company’s stock after acquiring an additional 84,796 shares during the period. Fisher Asset Management LLC owned 0.06% of Halliburton worth $14,783,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in HAL. Bayesian Capital Management LP bought a new stake in Halliburton in the 1st quarter valued at $374,000. Janus Henderson Group PLC raised its stake in Halliburton by 131.8% in the 1st quarter. Janus Henderson Group PLC now owns 278,194 shares of the oilfield services company’s stock valued at $10,963,000 after acquiring an additional 158,169 shares during the period. Jacobs Levy Equity Management Inc. bought a new stake in Halliburton in the 1st quarter valued at $1,616,000. B. Riley Wealth Advisors Inc. increased its position in Halliburton by 25.4% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 23,971 shares of the oilfield services company’s stock worth $971,000 after buying an additional 4,849 shares during the period. Finally, Comerica Bank increased its position in Halliburton by 0.4% during the 1st quarter. Comerica Bank now owns 247,937 shares of the oilfield services company’s stock worth $9,774,000 after buying an additional 1,062 shares during the period. Institutional investors own 85.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on HAL shares. Benchmark reiterated a “buy” rating and set a $40.00 price objective on shares of Halliburton in a research report on Friday, November 8th. Stifel Nicolaus lowered their price objective on Halliburton from $45.00 to $42.00 and set a “buy” rating on the stock in a research report on Friday, October 11th. Jefferies Financial Group lowered their price objective on Halliburton from $47.00 to $46.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. Morgan Stanley lowered their price objective on Halliburton from $35.00 to $34.00 and set an “overweight” rating on the stock in a research report on Monday, November 18th. Finally, The Goldman Sachs Group reduced their target price on Halliburton from $47.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. 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 company’s stock. According to data from MarketBeat, Halliburton has an average rating of “Moderate Buy” and an average price target of $40.74.

Halliburton Stock Performance

NYSE:HAL opened at $31.89 on Thursday. The stock’s 50-day simple moving average is $29.63 and its 200 day simple moving average is $31.89. Halliburton has a twelve month low of $27.26 and a twelve month high of $41.56. The firm has a market capitalization of $28.02 billion, a PE ratio of 11.11, a price-to-earnings-growth ratio of 3.94 and a beta of 1.89. The company has a quick ratio of 1.62, a current ratio of 2.21 and a debt-to-equity ratio of 0.74.

Halliburton (NYSE:HAL) last announced its quarterly earnings results on Thursday, November 7th. The oilfield services company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $5.83 billion. During the same period in the previous year, the business posted $0.79 earnings per share. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. On average, analysts anticipate that Halliburton will post 3.01 EPS for the current fiscal year.

Halliburton Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Wednesday, December 4th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend is Wednesday, December 4th. Halliburton’s payout ratio is 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.