Moors & Cabot Inc. Sells 4,374 Shares of Halliburton Company $HAL

Moors & Cabot Inc. lowered its holdings in Halliburton Company (NYSE:HAL) by 8.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,755 shares of the oilfield services company’s stock after selling 4,374 shares during the period. Moors & Cabot Inc.’s holdings in Halliburton were worth $1,014,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HAL. Charles Schwab Investment Management Inc. increased its position in shares of Halliburton by 450.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 29,941,771 shares of the oilfield services company’s stock worth $759,623,000 after purchasing an additional 24,506,472 shares during the last quarter. Invesco Ltd. increased its holdings in Halliburton by 7.3% during the first quarter. Invesco Ltd. now owns 10,813,905 shares of the oilfield services company’s stock worth $274,349,000 after buying an additional 731,105 shares during the last quarter. LSV Asset Management grew its position in shares of Halliburton by 3.3% in the 1st quarter. LSV Asset Management now owns 6,113,044 shares of the oilfield services company’s stock valued at $155,088,000 after acquiring an additional 193,022 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Halliburton by 5.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,279,815 shares of the oilfield services company’s stock valued at $133,949,000 after purchasing an additional 282,492 shares during the period. Finally, AQR Capital Management LLC lifted its stake in Halliburton by 217.4% in the 1st quarter. AQR Capital Management LLC now owns 4,641,111 shares of the oilfield services company’s stock valued at $116,770,000 after purchasing an additional 3,178,746 shares during the last quarter. 85.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on HAL shares. Wells Fargo & Company dropped their price objective on Halliburton from $28.00 to $26.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 23rd. Citigroup reaffirmed a “buy” rating on shares of Halliburton in a research report on Tuesday, October 14th. HSBC set a $30.00 price objective on shares of Halliburton and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Hsbc Global Res upgraded shares of Halliburton from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 22nd. Finally, Royal Bank Of Canada upgraded Halliburton from a “hold” rating to a “moderate buy” rating in a report on Wednesday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $31.73.

Halliburton Stock Up 1.1%

Shares of NYSE HAL opened at $27.41 on Friday. The company has a quick ratio of 1.43, a current ratio of 1.95 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $23.07 billion, a PE ratio of 18.15 and a beta of 1.03. The firm has a fifty day moving average of $24.03 and a 200-day moving average of $22.19. Halliburton Company has a 52-week low of $18.72 and a 52-week high of $32.57.

Halliburton (NYSE:HAL) last announced its quarterly earnings results on Tuesday, October 21st. The oilfield services company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.50 by $0.08. Halliburton had a return on equity of 20.12% and a net margin of 5.91%.The company had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.39 billion. During the same period in the prior year, the firm posted $0.73 earnings per share. The firm’s revenue was down 1.7% on a year-over-year basis. On average, analysts anticipate that Halliburton Company will post 2.64 EPS for the current year.

Halliburton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Wednesday, September 3rd were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Wednesday, September 3rd. Halliburton’s dividend payout ratio is 45.03%.

About Halliburton

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.