Perpetual Ltd Has $22.84 Million Stake in Halliburton (NYSE:HAL)

Perpetual Ltd trimmed its holdings in shares of Halliburton (NYSE:HAL) by 2.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 840,066 shares of the oilfield services company’s stock after selling 24,545 shares during the period. Perpetual Ltd owned 0.10% of Halliburton worth $22,841,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Country Trust Bank acquired a new position in shares of Halliburton in the 3rd quarter valued at $36,000. Continuum Advisory LLC increased its holdings in Halliburton by 101.2% in the third quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company’s stock valued at $42,000 after purchasing an additional 698 shares during the last quarter. Modus Advisors LLC acquired a new position in Halliburton in the fourth quarter valued at about $38,000. ORG Wealth Partners LLC bought a new position in Halliburton during the third quarter worth about $44,000. Finally, Mattson Financial Services LLC bought a new stake in shares of Halliburton in the 2nd quarter valued at about $54,000. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on HAL shares. Barclays reissued an “equal weight” rating and set a $33.00 price objective (down previously from $43.00) on shares of Halliburton in a research note on Wednesday, December 18th. Griffin Securities lowered shares of Halliburton from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. Bank of America dropped their price objective on Halliburton from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. BMO Capital Markets decreased their target price on Halliburton from $40.00 to $38.00 and set a “market perform” rating for the company in a research note on Thursday, October 10th. Finally, Benchmark reaffirmed a “buy” rating and set a $40.00 price target on shares of Halliburton in a research report on Friday, November 8th. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $38.26.

Halliburton Trading Up 2.3 %

Halliburton stock opened at $29.96 on Tuesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.21 and a quick ratio of 1.62. The firm has a 50-day moving average of $28.94 and a 200-day moving average of $30.11. The company has a market cap of $26.32 billion, a price-to-earnings ratio of 10.44, a P/E/G ratio of 3.76 and a beta of 1.91. Halliburton has a one year low of $25.51 and a one year high of $41.56.

Halliburton (NYSE:HAL) last posted its quarterly earnings results on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.02). Halliburton had a net margin of 11.04% and a return on equity of 28.33%. The company had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.83 billion. During the same quarter in the prior year, the business earned $0.79 earnings per share. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. On average, equities analysts expect that Halliburton will post 2.99 earnings per share for the current fiscal year.

Halliburton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 26th. Shareholders of record on Wednesday, December 4th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend was Wednesday, December 4th. Halliburton’s dividend payout ratio (DPR) is currently 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.