Fort Washington Investment Advisors Inc. OH Decreases Stock Holdings in Halliburton (NYSE:HAL)

Fort Washington Investment Advisors Inc. OH reduced its position in shares of Halliburton (NYSE:HAL) by 5.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,380 shares of the oilfield services company’s stock after selling 460 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Halliburton were worth $201,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of HAL. Geode Capital Management LLC lifted its position in shares of Halliburton by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 20,630,361 shares of the oilfield services company’s stock worth $597,234,000 after purchasing an additional 172,505 shares during the period. Pacer Advisors Inc. raised its stake 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Halliburton by 2.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,742,352 shares of the oilfield services company’s stock worth $166,815,000 after buying an additional 115,504 shares during the period. Thrivent Financial for Lutherans boosted its position in Halliburton by 22.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 5,520,383 shares of the oilfield services company’s stock valued at $160,367,000 after acquiring an additional 995,649 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of Halliburton by 244.5% during the 3rd quarter. Franklin Resources Inc. now owns 4,513,560 shares of the oilfield services company’s stock worth $138,025,000 after acquiring an additional 3,203,224 shares during the period. 85.23% of the stock is owned by institutional investors.

Analysts Set New Price Targets

HAL has been the topic of several research reports. Benchmark dropped their price target on Halliburton from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday. Griffin Securities downgraded shares of Halliburton from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. UBS Group lowered shares of Halliburton from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $36.00 to $34.00 in a research note on Monday, December 9th. Piper Sandler started coverage on shares of Halliburton in a research note on Thursday, December 19th. They set an “overweight” rating and a $36.00 price objective on the stock. Finally, Evercore ISI decreased their target price on shares of Halliburton from $43.00 to $35.00 and set an “outperform” rating for the company in a research note on Wednesday, January 15th. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Halliburton has an average rating of “Moderate Buy” and an average target price of $37.42.

Halliburton Stock Performance

Shares of NYSE HAL opened at $27.83 on Friday. The firm’s 50-day moving average price is $28.85 and its 200-day moving average price is $30.03. Halliburton has a 52-week low of $25.51 and a 52-week high of $41.56. The company has a market cap of $24.45 billion, a PE ratio of 9.83, a PEG ratio of 3.58 and a beta of 1.91. The company has a quick ratio of 1.62, a current ratio of 2.05 and a debt-to-equity ratio of 0.68.

Halliburton (NYSE:HAL) last issued its 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 analysts’ expectations of $5.83 billion. Halliburton had a return on equity of 26.03% and a net margin of 10.90%. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.79 EPS. As a group, analysts anticipate that Halliburton will post 2.94 EPS for the current year.

Halliburton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 26th. Shareholders of record on Wednesday, December 4th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend was Wednesday, December 4th. Halliburton’s dividend payout ratio is 24.03%.

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.