Public Sector Pension Investment Board Has $4.48 Million Stock Holdings in Halliburton (NYSE:HAL)

Public Sector Pension Investment Board raised its stake in shares of Halliburton (NYSE:HAL) by 0.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 154,210 shares of the oilfield services company’s stock after buying an additional 390 shares during the period. Public Sector Pension Investment Board’s holdings in Halliburton were worth $4,480,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Cary Street Partners Asset Management LLC boosted its position in Halliburton by 56.5% during the third quarter. Cary Street Partners Asset Management LLC now owns 157,085 shares of the oilfield services company’s stock valued at $4,563,000 after purchasing an additional 56,707 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in shares of Halliburton by 146.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 842,355 shares of the oilfield services company’s stock worth $28,455,000 after purchasing an additional 500,000 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in shares of Halliburton by 105.2% during the 2nd quarter. Mackenzie Financial Corp now owns 186,961 shares of the oilfield services company’s stock valued at $6,316,000 after buying an additional 95,864 shares during the last quarter. Quest Partners LLC grew its stake in shares of Halliburton by 2,418.9% in the 3rd quarter. Quest Partners LLC now owns 78,387 shares of the oilfield services company’s stock valued at $2,277,000 after buying an additional 75,275 shares in the last quarter. Finally, Pacer Advisors Inc. increased its holdings in Halliburton by 23.1% in the third quarter. Pacer Advisors Inc. now owns 16,782,174 shares of the oilfield services company’s stock worth $487,522,000 after buying an additional 3,150,986 shares during the last quarter. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on HAL shares. UBS Group reduced their target price on shares of Halliburton from $41.00 to $37.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. Bank of America decreased their price objective on shares of Halliburton from $40.00 to $38.00 and set a “buy” rating for the company in a report on Monday, October 14th. Dbs Bank started coverage on Halliburton in a report on Wednesday, September 18th. They set a “buy” rating and a $45.00 target price on the stock. Susquehanna decreased their price target on Halliburton from $42.00 to $40.00 and set a “positive” rating for the company in a research note on Friday, November 8th. Finally, BMO Capital Markets cut their price objective on Halliburton from $40.00 to $38.00 and set a “market perform” rating on the stock in a research note on Thursday, October 10th. Four investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.74.

Halliburton Stock Down 0.1 %

Shares of HAL opened at $31.86 on Monday. Halliburton has a 52 week low of $27.26 and a 52 week high of $41.56. The firm has a market capitalization of $27.99 billion, a P/E ratio of 11.10, a P/E/G ratio of 3.92 and a beta of 1.89. The company has a 50-day simple moving average of $29.72 and a 200-day simple moving average of $31.77. 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 posted its quarterly earnings results 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). The firm had revenue of $5.70 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the company earned $0.79 EPS. On average, equities research analysts expect that Halliburton will post 3 earnings per share for the current year.

Halliburton Announces Dividend

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

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.