Saxon Interests Inc. Sells 702 Shares of Halliburton (NYSE:HAL)

Saxon Interests Inc. decreased its position in shares of Halliburton (NYSE:HAL) by 2.9% in the 4th quarter, HoldingsChannel reports. The fund owned 23,719 shares of the oilfield services company’s stock after selling 702 shares during the period. Saxon Interests Inc.’s holdings in Halliburton were worth $645,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of HAL. MidWestOne Financial Group Inc. increased its stake in Halliburton by 4.4% during the 3rd quarter. MidWestOne Financial Group Inc. now owns 8,610 shares of the oilfield services company’s stock valued at $250,000 after purchasing an additional 359 shares in the last quarter. Public Sector Pension Investment Board grew its holdings in shares of Halliburton by 0.3% during the third quarter. Public Sector Pension Investment Board now owns 154,210 shares of the oilfield services company’s stock valued at $4,480,000 after buying an additional 390 shares during the last quarter. Brown Brothers Harriman & Co. increased its position in shares of Halliburton by 28.8% during the third quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company’s stock worth $51,000 after acquiring an additional 393 shares in the last quarter. Northwest Bank & Trust Co raised its holdings in shares of Halliburton by 3.2% in the 3rd quarter. Northwest Bank & Trust Co now owns 12,979 shares of the oilfield services company’s stock worth $377,000 after acquiring an additional 397 shares during the last quarter. Finally, HBW Advisory Services LLC lifted its position in Halliburton by 3.9% in the 4th quarter. HBW Advisory Services LLC now owns 10,504 shares of the oilfield services company’s stock valued at $286,000 after acquiring an additional 397 shares in the last quarter. Institutional investors own 85.23% of the company’s stock.

Halliburton Stock Performance

NYSE HAL opened at $29.74 on Friday. The firm has a market cap of $26.13 billion, a P/E ratio of 10.36, a price-to-earnings-growth ratio of 3.36 and a beta of 1.91. The company has a quick ratio of 1.62, a current ratio of 2.21 and a debt-to-equity ratio of 0.74. The company’s 50 day moving average is $28.93 and its 200-day moving average is $30.19. Halliburton has a 12-month low of $25.51 and a 12-month high of $41.56.

Halliburton (NYSE:HAL) last issued its earnings results on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.02). The business had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.83 billion. Halliburton had a net margin of 11.04% and a return on equity of 28.33%. The company’s revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.79 EPS. Sell-side analysts predict that Halliburton will post 2.99 earnings per share for the current year.

Halliburton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 26th. Shareholders of record on Wednesday, December 4th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date was Wednesday, December 4th. Halliburton’s payout ratio is presently 23.69%.

Analysts Set New Price Targets

HAL has been the subject of several analyst reports. Evercore ISI lowered their price objective on Halliburton from $43.00 to $35.00 and set an “outperform” rating for the company in a research note on Wednesday. Stifel Nicolaus dropped their price objective on Halliburton from $45.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. Wells Fargo & Company cut their price objective on shares of Halliburton from $39.00 to $34.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. UBS Group lowered shares of Halliburton from a “buy” rating to a “neutral” rating and dropped their price target for the company from $36.00 to $34.00 in a research report on Monday, December 9th. Finally, Susquehanna reduced their price objective on shares of Halliburton from $42.00 to $40.00 and set a “positive” rating for the company in a research report on Friday, November 8th. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $38.26.

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.