Geller Advisors LLC Reduces Position in Halliburton (NYSE:HAL)

Geller Advisors LLC reduced its holdings in Halliburton (NYSE:HAL) by 30.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,526 shares of the oilfield services company’s stock after selling 9,345 shares during the period. Geller Advisors LLC’s holdings in Halliburton were worth $625,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HAL. Country Trust Bank purchased a new position in Halliburton in the 3rd quarter worth approximately $36,000. ORG Wealth Partners LLC purchased a new position in Halliburton during the third quarter worth approximately $44,000. Venturi Wealth Management LLC boosted its stake in Halliburton by 34.2% during the third quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock worth $47,000 after buying an additional 412 shares during the last quarter. Brown Brothers Harriman & Co. grew its holdings in Halliburton by 28.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company’s stock valued at $51,000 after buying an additional 393 shares in the last quarter. Finally, Mattson Financial Services LLC acquired a new stake in shares of Halliburton in the 2nd quarter worth $54,000. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HAL has been the topic of several recent research reports. Wells Fargo & Company lowered their price target on shares of Halliburton from $46.00 to $39.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 25th. Benchmark reiterated a “buy” rating and issued a $40.00 target price on shares of Halliburton in a report on Friday, November 8th. Jefferies Financial Group cut their price target on shares of Halliburton from $47.00 to $46.00 and set a “buy” rating for the company in a report on Tuesday, September 24th. Royal Bank of Canada cut Halliburton from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from $44.00 to $37.00 in a report on Friday, September 13th. Finally, UBS Group cut their target price on Halliburton from $41.00 to $37.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. Four investment 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 stock. According to MarketBeat.com, Halliburton currently has an average rating of “Moderate Buy” and an average price target of $40.74.

Halliburton Price Performance

Shares of HAL opened at $28.78 on Monday. The company has a market cap of $25.28 billion, a P/E ratio of 10.03, a PEG ratio of 3.56 and a beta of 1.90. Halliburton has a fifty-two week low of $27.26 and a fifty-two week high of $41.56. The company has a quick ratio of 1.62, a current ratio of 2.21 and a debt-to-equity ratio of 0.74. The firm’s 50 day moving average price is $29.87 and its 200 day moving average price is $31.53.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.02). Halliburton had a net margin of 11.04% and a return on equity of 28.33%. The company had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.83 billion. During the same quarter in the previous year, the business posted $0.79 earnings per share. The firm’s revenue was down 1.8% on a year-over-year basis. On average, research analysts forecast that Halliburton will post 3 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Wednesday, December 4th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend is Wednesday, December 4th. Halliburton’s dividend payout ratio is presently 23.69%.

Halliburton Company 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.