Halliburton (NYSE:HAL) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Halliburton (NYSE:HAL) by 12.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 395,772 shares of the oilfield services company’s stock after buying an additional 43,895 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Halliburton were worth $11,497,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. First Horizon Advisors Inc. raised its holdings in Halliburton by 2.1% during the second quarter. First Horizon Advisors Inc. now owns 14,027 shares of the oilfield services company’s stock worth $474,000 after purchasing an additional 295 shares in the last quarter. Guinness Atkinson Asset Management Inc raised its stake in shares of Halliburton by 3.1% during the 2nd quarter. Guinness Atkinson Asset Management Inc now owns 10,847 shares of the oilfield services company’s stock worth $366,000 after buying an additional 330 shares in the last quarter. Moody National Bank Trust Division lifted its holdings in shares of Halliburton by 2.9% in the 2nd quarter. Moody National Bank Trust Division now owns 11,842 shares of the oilfield services company’s stock valued at $400,000 after buying an additional 336 shares during the period. Brown Brothers Harriman & Co. boosted its stake in shares of Halliburton by 28.8% in the third quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company’s stock valued at $51,000 after buying an additional 393 shares in the last quarter. Finally, Northwest Bank & Trust Co boosted its stake in shares of Halliburton by 3.2% in the third quarter. Northwest Bank & Trust Co now owns 12,979 shares of the oilfield services company’s stock valued at $377,000 after buying an additional 397 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Halliburton Stock Down 0.1 %

HAL stock opened at $31.86 on Friday. Halliburton has a one year low of $27.26 and a one year high of $41.56. The stock has a market capitalization of $27.99 billion, a P/E ratio of 11.10, a PEG ratio of 3.93 and a beta of 1.89. The company has a 50 day moving average price of $29.72 and a two-hundred day moving average price of $31.81. 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 announced its quarterly earnings data 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 business had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.83 billion. During the same period in the prior year, the firm earned $0.79 EPS. Halliburton’s revenue for the quarter was down 1.8% on a year-over-year basis. As a group, sell-side analysts expect that Halliburton will post 3.01 EPS for the current year.

Halliburton Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Wednesday, December 4th will be given a $0.17 dividend. The ex-dividend date is Wednesday, December 4th. This represents a $0.68 annualized dividend and a dividend yield of 2.13%. Halliburton’s dividend payout ratio is presently 23.69%.

Analyst Upgrades and Downgrades

A number of research firms have commented on HAL. Morgan Stanley reduced their target price on Halliburton from $35.00 to $34.00 and set an “overweight” rating for the company in a report on Monday, November 18th. Dbs Bank initiated coverage on shares of Halliburton in a report on Wednesday, September 18th. They set a “buy” rating and a $45.00 price objective on the stock. Jefferies Financial Group lowered their target price on shares of Halliburton from $47.00 to $46.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. Wells Fargo & Company reduced their price target on shares of Halliburton from $46.00 to $39.00 and set an “overweight” rating for the company in a research report on Wednesday, September 25th. Finally, The Goldman Sachs Group lowered their price target on Halliburton from $47.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Four investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $40.74.

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.