Hotchkis & Wiley Capital Management LLC Has $98.94 Million Stake in Halliburton (NYSE:HAL)

Hotchkis & Wiley Capital Management LLC boosted its stake in Halliburton (NYSE:HAL) by 3.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,405,924 shares of the oilfield services company’s stock after purchasing an additional 112,980 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned approximately 0.39% of Halliburton worth $98,942,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Country Trust Bank purchased a new stake in Halliburton in the third quarter worth approximately $36,000. Bruce G. Allen Investments LLC boosted its holdings in Halliburton by 274.9% in the second quarter. Bruce G. Allen Investments LLC now owns 1,121 shares of the oilfield services company’s stock worth $38,000 after acquiring an additional 822 shares in the last quarter. ORG Wealth Partners LLC acquired a new position in shares of Halliburton in the 3rd quarter valued at about $44,000. Venturi Wealth Management LLC raised its position in shares of 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 purchasing an additional 412 shares during the last quarter. Finally, Brown Brothers Harriman & Co. increased 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 worth $51,000 after purchasing an additional 393 shares during the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on HAL shares. Barclays reduced their target price on shares of Halliburton from $47.00 to $43.00 and set an “overweight” rating for the company in a report on Friday, November 8th. Raymond James reduced their price target on shares of Halliburton from $41.00 to $37.00 and set a “strong-buy” rating on the stock in a research note on Friday, November 8th. Royal Bank of Canada downgraded Halliburton from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from $44.00 to $37.00 in a research note on Friday, September 13th. Wells Fargo & Company dropped their price objective on shares of Halliburton from $46.00 to $39.00 and set an “overweight” rating on the stock in a report on Wednesday, September 25th. Finally, The Goldman Sachs Group lowered their price target on shares of Halliburton from $47.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Four equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.74.

Halliburton Price Performance

Shares of NYSE HAL opened at $31.56 on Tuesday. Halliburton has a 1-year low of $27.26 and a 1-year high of $41.56. The company has a current ratio of 2.21, a quick ratio of 1.62 and a debt-to-equity ratio of 0.74. The firm has a market cap of $27.73 billion, a P/E ratio of 11.00, a price-to-earnings-growth ratio of 3.94 and a beta of 1.90. The business’s 50 day moving average is $29.72 and its 200-day moving average is $31.77.

Halliburton (NYSE:HAL) last posted its quarterly earnings data on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share 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 company had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.83 billion. During the same quarter last year, the company posted $0.79 earnings per share. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. Equities research analysts predict that Halliburton will post 3 earnings per share for the current year.

Halliburton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Shareholders 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 yield of 2.15%. Halliburton’s dividend payout ratio (DPR) is 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.