Tweedy Browne Co LLC cut its holdings in Halliburton (NYSE:HAL) by 66.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 570,003 shares of the oilfield services company’s stock after selling 1,115,455 shares during the period. Tweedy Browne Co LLC owned 0.07% of Halliburton worth $12,962,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of HAL. Geode Capital Management LLC lifted its stake in Halliburton by 7.4% in the fourth quarter. Geode Capital Management LLC now owns 9,955,241 shares of the oilfield services company’s stock valued at $264,077,000 after acquiring an additional 683,635 shares during the last quarter. Boenning & Scattergood Inc. acquired a new stake in shares of Halliburton during the 1st quarter worth about $496,000. First Personal Financial Services lifted its stake in shares of Halliburton by 69.1% during the 1st quarter. First Personal Financial Services now owns 1,436 shares of the oilfield services company’s stock worth $42,000 after buying an additional 587 shares during the last quarter. Investors Research Corp acquired a new stake in shares of Halliburton during the 1st quarter worth about $65,000. Finally, Monte Financial Group LLC lifted its stake in shares of Halliburton by 16.1% during the 1st quarter. Monte Financial Group LLC now owns 96,599 shares of the oilfield services company’s stock worth $2,830,000 after buying an additional 13,362 shares during the last quarter. 79.03% of the stock is currently owned by institutional investors.

Halliburton stock traded down $0.34 during midday trading on Wednesday, hitting $18.72. The company’s stock had a trading volume of 199,134 shares, compared to its average volume of 15,281,043. Halliburton has a 1-year low of $17.46 and a 1-year high of $42.57. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.26 and a quick ratio of 1.59. The company has a 50-day moving average price of $21.63 and a two-hundred day moving average price of $26.04. The company has a market cap of $16.53 billion, a price-to-earnings ratio of 9.84, a PEG ratio of 2.22 and a beta of 1.30.

Halliburton (NYSE:HAL) last issued its quarterly earnings data on Monday, July 22nd. The oilfield services company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.05. Halliburton had a net margin of 5.58% and a return on equity of 13.76%. The business had revenue of $5.93 billion during the quarter, compared to analysts’ expectations of $5.97 billion. During the same quarter in the previous year, the company earned $0.58 EPS. The business’s revenue was down 3.5% on a year-over-year basis. Sell-side analysts forecast that Halliburton will post 1.34 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend is Tuesday, September 3rd. Halliburton’s dividend payout ratio is currently 37.89%.

A number of analysts have recently issued reports on the stock. Citigroup cut their target price on shares of Halliburton from $33.00 to $30.00 and set a “buy” rating for the company in a research note on Tuesday, July 23rd. Barclays cut their target price on shares of Halliburton from $33.00 to $31.00 and set an “overweight” rating for the company in a research note on Tuesday, July 23rd. Credit Suisse Group cut their target price on shares of Halliburton from $33.00 to $27.00 and set an “outperform” rating for the company in a research note on Tuesday, July 23rd. Piper Jaffray Companies set a $26.00 target price on shares of Halliburton and gave the stock a “buy” rating in a research note on Monday, July 1st. Finally, UBS Group set a $36.00 target price on shares of Halliburton and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have given a buy rating to the company. Halliburton has an average rating of “Buy” and an average price target of $39.78.

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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