Halliburton (NYSE:HAL) Stock Position Decreased by Entropy Technologies LP

Entropy Technologies LP lessened its holdings in Halliburton (NYSE:HAL) by 12.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 109,798 shares of the oilfield services company’s stock after selling 15,185 shares during the quarter. Entropy Technologies LP’s holdings in Halliburton were worth $2,985,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Continuum Advisory LLC boosted its position in shares of Halliburton by 101.2% in the third quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company’s stock worth $42,000 after buying an additional 698 shares during the period. Modus Advisors LLC acquired a new stake in Halliburton during the fourth quarter valued at $38,000. ORG Wealth Partners LLC acquired a new stake in Halliburton during the third quarter valued at $44,000. Venturi Wealth Management LLC boosted its position in Halliburton by 34.2% during the third quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock valued at $47,000 after purchasing an additional 412 shares during the last quarter. Finally, Brown Brothers Harriman & Co. boosted its position in Halliburton by 28.8% during the third quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company’s stock valued at $51,000 after purchasing an additional 393 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on HAL shares. Barclays reduced their price objective on Halliburton from $32.00 to $30.00 and set an “equal weight” rating for the company in a research report on Thursday, January 23rd. Bank of America cut their target price on Halliburton from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Griffin Securities lowered Halliburton from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. Stifel Nicolaus cut their target price on Halliburton from $42.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. Finally, Raymond James lowered Halliburton from a “strong-buy” rating to a “market perform” rating in a report on Monday, January 6th. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, Halliburton presently has an average rating of “Moderate Buy” and a consensus price target of $37.42.

Halliburton Stock Performance

HAL stock opened at $25.17 on Friday. The company has a 50 day moving average price of $27.74 and a 200 day moving average price of $29.41. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 1.54. The stock has a market capitalization of $22.11 billion, a PE ratio of 8.89, a price-to-earnings-growth ratio of 3.53 and a beta of 1.89. Halliburton has a fifty-two week low of $25.16 and a fifty-two week high of $41.56.

Halliburton (NYSE:HAL) last posted its quarterly earnings results on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.02). The company had revenue of $5.70 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company earned $0.79 EPS. Analysts forecast that Halliburton will post 2.67 EPS for the current year.

Halliburton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 26th. Investors of record on Wednesday, December 4th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend was Wednesday, December 4th. Halliburton’s payout ratio is presently 24.03%.

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.