Sei Investments Co. decreased its stake in Halliburton Co. (NYSE:HAL) by 3.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 801,297 shares of the oilfield services company’s stock after selling 32,702 shares during the period. Sei Investments Co. owned approximately 0.09% of Halliburton worth $35,962,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Johnson Financial Group Inc. raised its stake in shares of Halliburton by 51.3% in the second quarter. Johnson Financial Group Inc. now owns 2,277 shares of the oilfield services company’s stock valued at $103,000 after buying an additional 772 shares in the last quarter. Quadrant Capital Group LLC raised its stake in shares of Halliburton by 17.5% in the second quarter. Quadrant Capital Group LLC now owns 2,542 shares of the oilfield services company’s stock valued at $104,000 after buying an additional 379 shares in the last quarter. Manchester Capital Management LLC raised its stake in shares of Halliburton by 0.4% in the second quarter. Manchester Capital Management LLC now owns 2,354 shares of the oilfield services company’s stock valued at $107,000 after buying an additional 9 shares in the last quarter. IndexIQ Advisors LLC raised its stake in shares of Halliburton by 114.4% in the third quarter. IndexIQ Advisors LLC now owns 2,388 shares of the oilfield services company’s stock valued at $107,000 after buying an additional 1,274 shares in the last quarter. Finally, FTB Advisors Inc. raised its stake in shares of Halliburton by 31.5% in the third quarter. FTB Advisors Inc. now owns 2,430 shares of the oilfield services company’s stock valued at $116,000 after buying an additional 582 shares in the last quarter. Institutional investors own 78.27% of the company’s stock.

Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

Halliburton Co. (NYSE:HAL) traded down 3.03% during mid-day trading on Tuesday, reaching $47.32. The company had a trading volume of 1,539,081 shares. The firm’s 50-day moving average price is $47.85 and its 200-day moving average price is $44.66. The stock’s market cap is $40.91 billion. Halliburton Co. has a 12 month low of $27.64 and a 12 month high of $50.49.

Halliburton (NYSE:HAL) last issued its earnings results on Wednesday, October 19th. The oilfield services company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.07) by $0.08. The company earned $3.83 billion during the quarter, compared to analysts’ expectations of $3.87 billion. Halliburton had a negative net margin of 33.29% and a positive return on equity of 1.82%. The business’s revenue for the quarter was down 31.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS. Equities research analysts forecast that Halliburton Co. will post ($0.05) EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 28th. Shareholders of record on Wednesday, December 7th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Monday, December 5th. Halliburton’s payout ratio is -10.98%.

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A number of equities research analysts have recently issued reports on the company. Jefferies Group reiterated a “buy” rating on shares of Halliburton in a research note on Tuesday, August 30th. Vetr upgraded Halliburton from a “hold” rating to a “buy” rating and set a $42.96 target price for the company in a research note on Tuesday, September 13th. Societe Generale upgraded Halliburton from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research note on Monday, October 3rd. Loop Capital assumed coverage on Halliburton in a research note on Friday, September 30th. They issued a “buy” rating for the company. Finally, Citigroup Inc. reiterated a “buy” rating on shares of Halliburton in a research note on Wednesday, August 3rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the stock. Halliburton presently has a consensus rating of “Buy” and an average target price of $50.81.

In other Halliburton news, EVP Eric Carre sold 18,343 shares of the company’s stock in a transaction on Wednesday, October 19th. The shares were sold at an average price of $50.00, for a total transaction of $917,150.00. Following the completion of the sale, the executive vice president now owns 169,994 shares in the company, valued at approximately $8,499,700. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James S. Brown sold 28,439 shares of the company’s stock in a transaction on Monday, October 10th. The shares were sold at an average price of $47.00, for a total transaction of $1,336,633.00. The disclosure for this sale can be found here. Company insiders own 0.46% of the company’s stock.

Halliburton Company Profile

Halliburton Company is a provider of services and products to the upstream oil and natural gas industry. The Company operates through two segments: the Completion and Production segment, and the Drilling and Evaluation segment. The Company’s Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift, and completion products and services.

5 Day Chart for NYSE:HAL

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