Sumitomo Mitsui Trust Holdings Inc. reduced its stake in Halliburton (NYSE:HAL) by 0.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 2,771,625 shares of the oilfield services company’s stock after selling 18,896 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Halliburton were worth $112,334,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HAL. Whitener Capital Management Inc. acquired a new stake in shares of Halliburton during the third quarter valued at about $106,000. SG Americas Securities LLC grew its stake in shares of Halliburton by 154.3% during the third quarter. SG Americas Securities LLC now owns 456,660 shares of the oilfield services company’s stock valued at $18,508,000 after acquiring an additional 1,297,765 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of Halliburton by 3.7% during the third quarter. Bessemer Group Inc. now owns 361,291 shares of the oilfield services company’s stock valued at $14,642,000 after acquiring an additional 12,818 shares in the last quarter. Stone Ridge Asset Management LLC grew its stake in shares of Halliburton by 104.8% during the third quarter. Stone Ridge Asset Management LLC now owns 19,879 shares of the oilfield services company’s stock valued at $806,000 after acquiring an additional 10,172 shares in the last quarter. Finally, Heritage Investors Management Corp acquired a new stake in shares of Halliburton during the third quarter valued at about $2,808,000. Hedge funds and other institutional investors own 79.70% of the company’s stock.

Several analysts have recently weighed in on the company. Guggenheim set a $50.00 target price on Halliburton and gave the company a “buy” rating in a research note on Wednesday, October 24th. Macquarie set a $40.00 price target on shares of Halliburton and gave the stock a “hold” rating in a research report on Tuesday, October 23rd. Credit Suisse Group set a $46.00 price target on shares of Halliburton and gave the stock a “buy” rating in a research report on Tuesday, October 23rd. BMO Capital Markets reduced their price target on shares of Halliburton from $54.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, October 23rd. Finally, UBS Group set a $50.00 price target on shares of Halliburton and gave the stock a “buy” rating in a research report on Tuesday, October 23rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Halliburton has an average rating of “Buy” and a consensus price target of $51.60.

Shares of NYSE HAL opened at $32.25 on Thursday. The company has a current ratio of 2.31, a quick ratio of 1.73 and a debt-to-equity ratio of 1.16. Halliburton has a 52-week low of $32.01 and a 52-week high of $57.86. The stock has a market capitalization of $29.93 billion, a price-to-earnings ratio of 26.43, a price-to-earnings-growth ratio of 0.92 and a beta of 1.07.

Halliburton (NYSE:HAL) last issued its earnings results on Monday, October 22nd. The oilfield services company reported $0.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.01. Halliburton had a net margin of 0.70% and a return on equity of 20.42%. The firm had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.10 billion. During the same quarter last year, the company posted $0.42 earnings per share. Halliburton’s revenue was up 13.4% on a year-over-year basis. As a group, analysts anticipate that Halliburton will post 1.86 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 27th. Shareholders of record on Thursday, December 6th will be issued a $0.18 dividend. The ex-dividend date is Wednesday, December 5th. This represents a $0.72 dividend on an annualized basis and a yield of 2.23%. Halliburton’s dividend payout ratio is currently 59.02%.

In other news, insider James S. Brown sold 15,989 shares of Halliburton stock in a transaction that occurred on Thursday, September 20th. The stock was sold at an average price of $40.53, for a total transaction of $648,034.17. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Anne L. Beaty sold 1,210 shares of Halliburton stock in a transaction that occurred on Thursday, November 8th. The shares were sold at an average price of $36.23, for a total value of $43,838.30. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

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Halliburton Profile

Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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