Pzena Investment Management LLC reduced its position in shares of Halliburton Co. (NYSE:HAL) by 14.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,125,142 shares of the oilfield services company’s stock after selling 511,131 shares during the period. Pzena Investment Management LLC owned approximately 0.36% of Halliburton worth $140,256,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Bronfman E.L. Rothschild L.P. increased its position in shares of Halliburton by 15.2% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 3,440 shares of the oilfield services company’s stock worth $154,000 after buying an additional 453 shares during the period. UBS Asset Management Americas Inc. increased its position in shares of Halliburton by 2.6% in the third quarter. UBS Asset Management Americas Inc. now owns 4,812,320 shares of the oilfield services company’s stock worth $215,977,000 after buying an additional 119,709 shares during the period. North Point Portfolio Managers Corp OH increased its position in shares of Halliburton by 62.1% in the third quarter. North Point Portfolio Managers Corp OH now owns 231,844 shares of the oilfield services company’s stock worth $10,405,000 after buying an additional 88,804 shares during the period. IndexIQ Advisors LLC increased its position 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 worth $107,000 after buying an additional 1,274 shares during the period. Finally, Delta Lloyd NV increased its position in shares of Halliburton by 15.7% in the third quarter. Delta Lloyd NV now owns 63,548 shares of the oilfield services company’s stock worth $2,852,000 after buying an additional 8,624 shares during the period. 78.27% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

Halliburton Co. (NYSE:HAL) opened at 48.80 on Tuesday. The stock has a 50 day moving average price of $47.85 and a 200 day moving average price of $44.66. The stock’s market cap is $42.19 billion. Halliburton Co. has a 1-year low of $27.64 and a 1-year high of $50.49.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Wednesday, October 19th. The oilfield services company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.08. Halliburton had a positive return on equity of 1.82% and a negative net margin of 33.29%. The company had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.87 billion. During the same quarter in the prior year, the firm earned $0.31 earnings per share. Halliburton’s revenue was down 31.3% compared to the same quarter last year. On average, analysts predict that Halliburton Co. will post ($0.05) EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 28th. Investors of record on Wednesday, December 7th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Monday, December 5th. This represents a $0.72 annualized dividend and a yield of 1.48%. Halliburton’s dividend payout ratio (DPR) is currently -10.98%.

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A number of research analysts have issued reports on the company. Zacks Investment Research upgraded Halliburton from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research note on Monday. Bank of America Corp. restated a “buy” rating on shares of Halliburton in a research note on Friday, November 18th. Vetr upgraded Halliburton from a “sell” rating to a “hold” rating and set a $46.86 price objective for the company in a research note on Tuesday, October 25th. Societe Generale restated a “buy” rating and issued a $58.00 price objective on shares of Halliburton in a research note on Sunday, October 23rd. Finally, BMO Capital Markets restated an “outperform” rating and issued a $58.00 price objective (up previously from $50.00) on shares of Halliburton in a research note on Sunday, October 23rd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $50.81.

In other Halliburton news, insider James S. Brown sold 28,439 shares of the stock in a transaction on Monday, October 10th. The stock was sold at an average price of $47.00, for a total transaction of $1,336,633.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman David J. Lesar sold 10,000 shares of the stock in a transaction on Wednesday, October 19th. The shares were sold at an average price of $49.99, for a total value of $499,900.00. The disclosure for this sale can be found here. 0.46% of the stock is owned by corporate insiders.

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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