B. Riley Wealth Advisors Inc. Sells 5,586 Shares of Halliburton (NYSE:HAL)

B. Riley Wealth Advisors Inc. lowered its holdings in Halliburton (NYSE:HAL) by 31.3% during the third quarter, HoldingsChannel.com reports. The fund owned 12,271 shares of the oilfield services company’s stock after selling 5,586 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Halliburton were worth $365,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its holdings in shares of Halliburton by 0.8% during the third quarter. Geode Capital Management LLC now owns 20,630,361 shares of the oilfield services company’s stock valued at $597,234,000 after acquiring an additional 172,505 shares during the period. Pacer Advisors Inc. lifted its holdings in Halliburton by 23.1% during the 3rd quarter. Pacer Advisors Inc. now owns 16,782,174 shares of the oilfield services company’s stock valued at $487,522,000 after purchasing an additional 3,150,986 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Halliburton by 20.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 10,087,115 shares of the oilfield services company’s stock valued at $340,752,000 after purchasing an additional 1,681,620 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Halliburton by 1.2% in the second quarter. Bank of New York Mellon Corp now owns 7,342,857 shares of the oilfield services company’s stock valued at $248,042,000 after buying an additional 83,894 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Halliburton by 2.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,742,352 shares of the oilfield services company’s stock worth $166,815,000 after buying an additional 115,504 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on HAL. BMO Capital Markets reduced their price objective on Halliburton from $40.00 to $38.00 and set a “market perform” rating on the stock in a report on Thursday, October 10th. Bank of America reduced 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. Jefferies Financial Group decreased 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. Stifel Nicolaus dropped their price target on Halliburton from $45.00 to $42.00 and set a “buy” rating on the stock in a research report on Friday, October 11th. Finally, Morgan Stanley decreased their price objective on Halliburton from $35.00 to $34.00 and set an “overweight” rating for the company in a research report on Monday, November 18th. Seven equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Halliburton presently has an average rating of “Moderate Buy” and an average price target of $39.58.

Halliburton Trading Up 0.8 %

Halliburton stock opened at $25.97 on Friday. The company has a market cap of $22.81 billion, a price-to-earnings ratio of 9.05, a P/E/G ratio of 3.61 and a beta of 1.90. The firm has a 50-day moving average of $29.35 and a 200-day moving average of $31.02. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.21 and a quick ratio of 1.62. Halliburton has a one year low of $25.51 and a one year high of $41.56.

Halliburton (NYSE:HAL) last issued its quarterly earnings results on Thursday, November 7th. The oilfield services company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.02). The company had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.83 billion. Halliburton had a net margin of 11.04% and a return on equity of 28.33%. The business’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period last year, the company posted $0.79 earnings per share. On average, equities analysts expect that Halliburton will post 3 earnings per share for the current fiscal year.

Halliburton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Wednesday, December 4th will be issued a dividend of $0.17 per share. The ex-dividend date is Wednesday, December 4th. This represents a $0.68 dividend on an annualized basis and a yield of 2.62%. 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.