Massachusetts Financial Services Co. MA Has $9.17 Million Stake in Halliburton (HAL)

Massachusetts Financial Services Co. MA decreased its position in Halliburton (NYSE:HAL) by 81.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 195,363 shares of the oilfield services company’s stock after selling 840,038 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Halliburton were worth $9,170,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Madison Investment Holdings Inc. purchased a new stake in shares of Halliburton in the 4th quarter valued at approximately $4,875,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Halliburton by 42.3% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 498,021 shares of the oilfield services company’s stock valued at $24,338,000 after buying an additional 148,155 shares during the period. Tyers Asset Management LLC grew its stake in shares of Halliburton by 36.9% in the 4th quarter. Tyers Asset Management LLC now owns 16,192 shares of the oilfield services company’s stock valued at $791,000 after buying an additional 4,368 shares during the period. W.G. Shaheen & Associates DBA Whitney & Co purchased a new stake in shares of Halliburton in the 4th quarter valued at approximately $3,680,000. Finally, Financial Counselors Inc. grew its stake in shares of Halliburton by 23.7% in the 4th quarter. Financial Counselors Inc. now owns 123,141 shares of the oilfield services company’s stock valued at $6,018,000 after buying an additional 23,557 shares during the period. 79.81% of the stock is owned by institutional investors and hedge funds.

HAL has been the subject of a number of research analyst reports. Guggenheim raised shares of Halliburton from a “neutral” rating to a “buy” rating in a research report on Monday, January 22nd. JPMorgan Chase set a $60.00 price objective on shares of Halliburton and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. Sanford C. Bernstein set a $60.00 price objective on shares of Halliburton and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. BMO Capital Markets set a $63.00 price objective on shares of Halliburton and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $65.00 price objective (up previously from $55.00) on shares of Halliburton in a research report on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-two have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $58.71.

Halliburton opened at $54.40 on Tuesday, MarketBeat.com reports. The company has a market cap of $47.58 billion, a price-to-earnings ratio of 44.59, a price-to-earnings-growth ratio of 2.74 and a beta of 1.03. Halliburton has a 52-week low of $38.18 and a 52-week high of $57.86. The company has a current ratio of 2.22, a quick ratio of 1.73 and a debt-to-equity ratio of 1.24.

Halliburton (NYSE:HAL) last released its earnings results on Monday, April 23rd. The oilfield services company reported $0.41 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.41. Halliburton had a negative net margin of 1.74% and a positive return on equity of 15.87%. The company had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.74 billion. During the same period in the prior year, the business earned $0.04 EPS. The firm’s quarterly revenue was up 34.1% on a year-over-year basis. equities analysts expect that Halliburton will post 2.48 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 27th. Stockholders of record on Wednesday, June 6th will be issued a $0.18 dividend. The ex-dividend date is Tuesday, June 5th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.32%. Halliburton’s payout ratio is 59.02%.

About Halliburton

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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