Halliburton (NYSE:HAL) Shares Sold by Cibc World Market Inc.

Cibc World Market Inc. trimmed its stake in Halliburton (NYSE:HALGet Rating) by 10.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 33,081 shares of the oilfield services company’s stock after selling 3,806 shares during the quarter. Cibc World Market Inc.’s holdings in Halliburton were worth $1,037,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of HAL. Capital Research Global Investors acquired a new stake in shares of Halliburton in the first quarter worth $677,566,000. BlackRock Inc. boosted its position in shares of Halliburton by 8.1% in the first quarter. BlackRock Inc. now owns 72,922,850 shares of the oilfield services company’s stock worth $2,761,589,000 after buying an additional 5,460,366 shares during the period. Van ECK Associates Corp boosted its position in shares of Halliburton by 35.0% in the first quarter. Van ECK Associates Corp now owns 14,448,376 shares of the oilfield services company’s stock worth $547,160,000 after buying an additional 3,747,392 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Halliburton by 39.8% in the first quarter. Bank of New York Mellon Corp now owns 10,291,720 shares of the oilfield services company’s stock worth $389,745,000 after buying an additional 2,927,975 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in shares of Halliburton in the first quarter worth $68,873,000. 80.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HAL has been the subject of a number of research reports. Susquehanna lifted their price objective on Halliburton from $48.00 to $51.00 in a research report on Wednesday, October 26th. Morgan Stanley lifted their price objective on Halliburton from $50.00 to $53.00 and gave the company an “overweight” rating in a research report on Wednesday, November 9th. ATB Capital boosted their price target on Halliburton to $49.00 in a research report on Thursday, October 27th. Jefferies Financial Group initiated coverage on Halliburton in a research report on Wednesday, October 19th. They issued a “buy” rating and a $40.00 price target for the company. Finally, StockNews.com initiated coverage on Halliburton in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $43.99.

Halliburton Trading Down 2.0 %

Shares of HAL opened at $36.71 on Monday. Halliburton has a 12-month low of $20.77 and a 12-month high of $43.99. The company has a quick ratio of 1.52, a current ratio of 2.10 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $33.33 billion, a price-to-earnings ratio of 19.02 and a beta of 2.23. The stock’s 50-day moving average price is $31.96 and its 200 day moving average price is $32.35.

Halliburton Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 21st. Investors of record on Thursday, December 8th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.31%. Halliburton’s dividend payout ratio is 24.87%.

Insider Activity

In other news, Director Margaret Katherine Banks sold 6,000 shares of the company’s stock in a transaction that occurred on Friday, October 28th. The stock was sold at an average price of $35.49, for a total value of $212,940.00. Following the sale, the director now directly owns 14,625 shares in the company, valued at approximately $519,041.25. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.57% of the company’s stock.

Halliburton Company Profile

(Get Rating)

Halliburton Company provides products and services to the energy industry worldwide. It operates in 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; 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; production solutions comprising coiled tubing, hydraulic workover units, downhole tools, and pumping and nitrogen services; and pipeline and process services, such as pre-commissioning, commissioning, maintenance, and decommissioning.

See Also

Want to see what other hedge funds are holding HAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Halliburton (NYSE:HALGet Rating).

Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

Receive News & Ratings for Halliburton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Halliburton and related companies with MarketBeat.com's FREE daily email newsletter.