Moors & Cabot Inc. Sells 11,813 Shares of Halliburton (NYSE:HAL)

Moors & Cabot Inc. reduced its position in shares of Halliburton (NYSE:HAL) by 16.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 61,232 shares of the oilfield services company’s stock after selling 11,813 shares during the period. Moors & Cabot Inc.’s holdings in Halliburton were worth $1,779,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cary Street Partners Asset Management LLC lifted its stake in shares of Halliburton by 56.5% in 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 acquiring an additional 56,707 shares during the period. Canada Pension Plan Investment Board increased its holdings in shares of Halliburton by 146.0% during the second quarter. Canada Pension Plan Investment Board now owns 842,355 shares of the oilfield services company’s stock valued at $28,455,000 after acquiring an additional 500,000 shares in the last quarter. Mackenzie Financial Corp increased its holdings in shares of Halliburton by 105.2% during the second quarter. Mackenzie Financial Corp now owns 186,961 shares of the oilfield services company’s stock valued at $6,316,000 after acquiring an additional 95,864 shares in the last quarter. Semanteon Capital Management LP bought a new stake in shares of Halliburton during the third quarter valued at approximately $1,181,000. Finally, Quest Partners LLC increased its holdings in shares of Halliburton by 2,418.9% during the third quarter. Quest Partners LLC now owns 78,387 shares of the oilfield services company’s stock valued at $2,277,000 after acquiring an additional 75,275 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Stifel Nicolaus decreased their price objective on Halliburton from $45.00 to $42.00 and set a “buy” rating for the company in a report on Friday, October 11th. Susquehanna decreased their price target on Halliburton from $42.00 to $40.00 and set a “positive” rating for the company in a report on Friday, November 8th. Raymond James decreased their price target on Halliburton from $41.00 to $37.00 and set a “strong-buy” rating for the company in a report on Friday, November 8th. Morgan Stanley decreased their price target on Halliburton from $35.00 to $34.00 and set an “overweight” rating for the company in a report on Monday. Finally, UBS Group decreased their price target on Halliburton from $41.00 to $37.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. Four analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $40.74.

Halliburton Stock Performance

Shares of HAL opened at $31.18 on Thursday. The stock’s 50-day simple moving average is $29.29 and its 200 day simple moving average is $32.07. The stock has a market capitalization of $27.39 billion, a price-to-earnings ratio of 10.86, a price-to-earnings-growth ratio of 3.64 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 quarterly earnings data on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $5.83 billion. During the same period last year, the company posted $0.79 EPS. The business’s revenue for the quarter was down 1.8% on a year-over-year basis. Research analysts forecast that Halliburton will post 3.02 EPS for the current fiscal year.

Halliburton Dividend Announcement

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. The ex-dividend date is Wednesday, December 4th. This represents a $0.68 annualized dividend and a dividend yield of 2.18%. Halliburton’s payout ratio is currently 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.