Baader Bank Aktiengesellschaft Takes $439,000 Position in Halliburton (NYSE:HAL)

Baader Bank Aktiengesellschaft bought a new position in shares of Halliburton (NYSE:HAL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 16,134 shares of the oilfield services company’s stock, valued at approximately $439,000.

A number of other hedge funds have also made changes to their positions in the business. MidWestOne Financial Group Inc. lifted its position in shares of Halliburton by 4.4% during the third quarter. MidWestOne Financial Group Inc. now owns 8,610 shares of the oilfield services company’s stock worth $250,000 after purchasing an additional 359 shares in the last quarter. Public Sector Pension Investment Board lifted its position in shares of Halliburton by 0.3% in the 3rd quarter. Public Sector Pension Investment Board now owns 154,210 shares of the oilfield services company’s stock worth $4,480,000 after buying an additional 390 shares during the last quarter. Brown Brothers Harriman & Co. boosted its stake in 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 acquiring an additional 393 shares during the period. Northwest Bank & Trust Co grew its stake in Halliburton by 3.2% during the 3rd quarter. Northwest Bank & Trust Co now owns 12,979 shares of the oilfield services company’s stock worth $377,000 after buying an additional 397 shares during the last quarter. Finally, HBW Advisory Services LLC grew its position in shares of Halliburton by 3.9% during the fourth quarter. HBW Advisory Services LLC now owns 10,504 shares of the oilfield services company’s stock worth $286,000 after acquiring an additional 397 shares during the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Halliburton Trading Up 0.5 %

Shares of NYSE HAL opened at $26.51 on Friday. The firm has a market capitalization of $23.28 billion, a PE ratio of 9.37, a PEG ratio of 3.58 and a beta of 1.91. Halliburton has a one year low of $25.51 and a one year high of $41.56. The company has a current ratio of 2.05, a quick ratio of 1.62 and a debt-to-equity ratio of 0.68. The business has a 50-day moving average price of $28.58 and a two-hundred day moving average price of $29.83.

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). The company had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.83 billion. Halliburton had a net margin of 10.90% and a return on equity of 26.03%. The business’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.79 earnings per share. As a group, analysts predict that Halliburton will post 2.94 earnings per share for the current fiscal year.

Halliburton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 26th. Investors of record on Wednesday, December 4th were given a dividend of $0.17 per share. The ex-dividend date was Wednesday, December 4th. This represents a $0.68 dividend on an annualized basis and a yield of 2.57%. Halliburton’s payout ratio is 24.03%.

Analyst Upgrades and Downgrades

Several analysts recently commented on HAL shares. UBS Group cut Halliburton from a “buy” rating to a “neutral” rating and lowered their target price for the company from $36.00 to $34.00 in a research report on Monday, December 9th. Morgan Stanley decreased their target price on shares of Halliburton from $35.00 to $34.00 and set an “overweight” rating for the company in a research report on Monday, November 18th. Griffin Securities lowered shares of Halliburton from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Royal Bank of Canada reissued a “sector perform” rating and set a $34.00 target price on shares of Halliburton in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. lowered their price target on Halliburton from $35.00 to $33.00 and set an “overweight” rating on the stock in a research report on Thursday, January 2nd. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $37.42.

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.