Janney Montgomery Scott LLC lowered its holdings in shares of Halliburton (NYSE:HAL) by 31.1% in the third quarter, HoldingsChannel.com reports. The fund owned 99,063 shares of the oilfield services company’s stock after selling 44,621 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Halliburton were worth $4,015,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of HAL. Investment Partners LTD. bought a new stake in Halliburton during the 3rd quarter valued at $249,000. Avestar Capital LLC raised its position in Halliburton by 1,159.6% during the 2nd quarter. Avestar Capital LLC now owns 2,368 shares of the oilfield services company’s stock valued at $105,000 after purchasing an additional 2,180 shares in the last quarter. Sun Life Financial INC raised its position in Halliburton by 1,170.1% during the 2nd quarter. Sun Life Financial INC now owns 2,375 shares of the oilfield services company’s stock valued at $107,000 after purchasing an additional 2,188 shares in the last quarter. Squar Milner Financial Services LLC bought a new stake in Halliburton during the 2nd quarter valued at $130,000. Finally, Banco de Sabadell S.A bought a new stake in Halliburton during the 2nd quarter valued at $136,000. Institutional investors own 79.70% of the company’s stock.

In related news, VP Anne L. Beaty sold 1,210 shares of the company’s stock in a transaction dated Thursday, November 8th. The stock was sold at an average price of $36.23, for a total transaction of $43,838.30. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider James S. Brown sold 15,989 shares of the company’s stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $40.53, for a total value of $648,034.17. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company’s stock.

A number of equities research analysts have weighed in on HAL shares. Morgan Stanley started coverage on Halliburton in a research report on Tuesday, September 18th. They set an “overweight” rating and a $50.00 target price for the company. JPMorgan Chase & Co. set a $60.00 target price on Halliburton and gave the company a “buy” rating in a research report on Monday, September 17th. Credit Suisse Group set a $51.00 target price on Halliburton and gave the company a “buy” rating in a research report on Thursday, September 6th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Halliburton in a research report on Friday, September 7th. Finally, Zacks Investment Research raised Halliburton from a “strong sell” rating to a “hold” rating in a research report on Monday, September 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $51.60.

HAL opened at $32.45 on Friday. The firm has a market capitalization of $28.27 billion, a PE ratio of 26.60, a P/E/G ratio of 0.87 and a beta of 1.07. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.31 and a quick ratio of 1.73. Halliburton has a 12 month low of $31.75 and a 12 month high of $57.86.

Halliburton (NYSE:HAL) last released its quarterly earnings results on Monday, October 22nd. The oilfield services company reported $0.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.01. Halliburton had a return on equity of 20.42% and a net margin of 0.70%. The firm had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.10 billion. During the same period in the previous year, the company posted $0.42 EPS. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. Research analysts expect that Halliburton will post 1.86 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 27th. Investors of record on Thursday, December 6th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.22%. The ex-dividend date is Wednesday, December 5th. Halliburton’s dividend payout ratio is currently 59.02%.

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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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