Toronto Dominion Bank Sells 219,538 Shares of Halliburton (NYSE:HAL)

Toronto Dominion Bank reduced its holdings in Halliburton (NYSE:HAL) by 41.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 309,548 shares of the oilfield services company’s stock after selling 219,538 shares during the quarter. Toronto Dominion Bank’s holdings in Halliburton were worth $8,992,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of HAL. Country Trust Bank acquired a new position in Halliburton in the third quarter worth $36,000. Continuum Advisory LLC lifted its position in Halliburton by 101.2% during the 3rd 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 in the last quarter. ORG Wealth Partners LLC bought a new stake in Halliburton during the 3rd quarter worth about $44,000. Venturi Wealth Management LLC grew its holdings in Halliburton by 34.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock worth $47,000 after acquiring an additional 412 shares during the last quarter. Finally, Brown Brothers Harriman & Co. increased its position in Halliburton by 28.8% in the 3rd 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 in the last quarter. 85.23% of the stock is currently owned by institutional investors.

Halliburton Trading Down 0.7 %

HAL opened at $28.68 on Friday. The firm’s fifty day moving average is $29.75 and its two-hundred day moving average is $31.35. The firm has a market cap of $25.20 billion, a PE ratio of 9.99, a price-to-earnings-growth ratio of 3.61 and a beta of 1.90. Halliburton has a twelve month low of $27.26 and a twelve month high of $41.56. 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 issued its quarterly earnings data 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). Halliburton had a return on equity of 28.33% and a net margin of 11.04%. The business had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.83 billion. During the same period in the previous year, the business posted $0.79 EPS. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. Equities research analysts anticipate that Halliburton will post 3 EPS for the current year.

Halliburton Dividend Announcement

The firm also recently disclosed 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 2.37%. Halliburton’s dividend payout ratio is presently 23.69%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Bank of America decreased their price target 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. Wells Fargo & Company decreased their price objective on Halliburton from $46.00 to $39.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 25th. BMO Capital Markets dropped their target price on Halliburton from $40.00 to $38.00 and set a “market perform” rating for the company in a research report on Thursday, October 10th. The Goldman Sachs Group decreased 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. Finally, Stifel Nicolaus lowered their price objective on Halliburton from $45.00 to $42.00 and set a “buy” rating for the company in a research report on Friday, October 11th. Five research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Halliburton has a consensus rating of “Moderate Buy” and a consensus target price of $40.58.

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.