Citizens Financial Group Inc. RI Sells 384 Shares of Halliburton (NYSE:HAL)

Citizens Financial Group Inc. RI reduced its position in Halliburton (NYSE:HAL) by 1.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,779 shares of the oilfield services company’s stock after selling 384 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Halliburton were worth $1,010,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pacer Advisors Inc. lifted its holdings in shares of Halliburton by 17,317.6% during the 2nd quarter. Pacer Advisors Inc. now owns 13,631,188 shares of the oilfield services company’s stock worth $460,462,000 after acquiring an additional 13,552,927 shares during the period. LSV Asset Management boosted its holdings in Halliburton by 24,954.1% during the second quarter. LSV Asset Management now owns 2,730,900 shares of the oilfield services company’s stock valued at $92,250,000 after purchasing an additional 2,720,000 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Halliburton by 20.0% in 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 period. Thrivent Financial for Lutherans raised its holdings in shares of Halliburton by 22.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 5,520,383 shares of the oilfield services company’s stock worth $160,367,000 after buying an additional 995,649 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of Halliburton by 127.2% during the 2nd quarter. AQR Capital Management LLC now owns 1,557,130 shares of the oilfield services company’s stock worth $52,600,000 after buying an additional 871,789 shares during the period. Institutional investors own 85.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on HAL. Raymond James dropped their price objective on Halliburton from $41.00 to $37.00 and set a “strong-buy” rating for the company in a research note on Friday, November 8th. Dbs Bank assumed coverage on shares of Halliburton in a research report on Wednesday, September 18th. They issued a “buy” rating and a $45.00 price target on the stock. Stifel Nicolaus decreased their price objective on shares of Halliburton from $45.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. Jefferies Financial Group dropped their price objective on shares of Halliburton from $47.00 to $46.00 and set a “buy” rating for the company in a report on Tuesday, September 24th. Finally, Barclays dropped their price target on Halliburton from $47.00 to $43.00 and set an “overweight” rating for the company in a report on Friday, November 8th. Four investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Halliburton presently has a consensus rating of “Moderate Buy” and an average price target of $40.74.

Halliburton Trading Up 0.2 %

Shares of NYSE HAL opened at $31.94 on Friday. The company’s 50 day simple moving average is $29.45 and its 200 day simple moving average is $32.04. 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 fifty-two week low of $27.26 and a fifty-two week high of $41.56. The firm has a market capitalization of $28.06 billion, a P/E ratio of 11.13, a P/E/G ratio of 3.75 and a beta of 1.89.

Halliburton (NYSE:HAL) last posted its quarterly earnings results on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.02). The company had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.83 billion. Halliburton had a return on equity of 28.33% and a net margin of 11.04%. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.79 earnings per share. On average, analysts predict that Halliburton will post 3.01 EPS for the current year.

Halliburton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Wednesday, December 4th will be paid a $0.17 dividend. The ex-dividend date is Wednesday, December 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.13%. Halliburton’s dividend payout ratio (DPR) is presently 23.69%.

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.