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

Citizens Financial Group Inc. RI cut its holdings in shares of Halliburton (NYSE:HAL) by 1.1% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 34,779 shares of the oilfield services company’s stock after selling 384 shares during the period. Citizens Financial Group Inc. RI’s holdings in Halliburton were worth $1,010,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HAL. Cary Street Partners Asset Management LLC raised its position in shares of 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 worth $4,563,000 after purchasing an additional 56,707 shares during the period. Canada Pension Plan Investment Board increased its stake in 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 raised its holdings in Halliburton by 105.2% during the 2nd quarter. Mackenzie Financial Corp now owns 186,961 shares of the oilfield services company’s stock worth $6,316,000 after buying an additional 95,864 shares during the period. Quest Partners LLC lifted its stake in Halliburton by 2,418.9% in the third 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, Semanteon Capital Management LP acquired a new position in shares of Halliburton in the third quarter valued at approximately $1,181,000. 85.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HAL has been the topic of a number of research analyst reports. Bank of America dropped their price objective on shares of Halliburton from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Raymond James dropped their price target on Halliburton from $41.00 to $37.00 and set a “strong-buy” rating on the stock in a research note on Friday, November 8th. Benchmark reaffirmed a “buy” rating and set a $40.00 price objective on shares of Halliburton in a research report on Friday, November 8th. Dbs Bank assumed coverage on Halliburton in a research report on Wednesday, September 18th. They issued a “buy” rating and a $45.00 target price on the stock. Finally, The Goldman Sachs Group reduced their price target on Halliburton from $47.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Four 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. According to data from MarketBeat.com, Halliburton currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.74.

Halliburton Trading Up 0.2 %

Halliburton stock opened at $31.94 on Friday. The stock has a 50-day simple moving average of $29.45 and a 200 day simple moving average of $32.04. The stock has a market capitalization of $28.06 billion, a P/E ratio of 11.13, a PEG ratio of 3.75 and a beta of 1.89. 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 has a 52 week low of $27.26 and a 52 week high of $41.56.

Halliburton (NYSE:HAL) last issued its 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). 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 the consensus estimate of $5.83 billion. During the same quarter in the prior year, the firm posted $0.79 earnings per share. The business’s revenue was down 1.8% compared to the same quarter last year. Analysts expect that Halliburton will post 3.01 earnings per share for the current year.

Halliburton Dividend Announcement

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

About Halliburton

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.