Voya Investment Management LLC Sells 3,789 Shares of Halliburton Company $HAL

Voya Investment Management LLC decreased its stake in Halliburton Company (NYSE:HAL) by 1.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 262,437 shares of the oilfield services company’s stock after selling 3,789 shares during the period. Voya Investment Management LLC’s holdings in Halliburton were worth $6,658,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Militia Capital Partners LP bought a new stake in shares of Halliburton in the 1st quarter valued at $94,000. Inspire Investing LLC lifted its holdings in Halliburton by 31.5% in the first quarter. Inspire Investing LLC now owns 12,447 shares of the oilfield services company’s stock valued at $316,000 after buying an additional 2,985 shares during the period. Birmingham Capital Management Co. Inc. AL boosted its position in Halliburton by 2.6% during the first quarter. Birmingham Capital Management Co. Inc. AL now owns 71,363 shares of the oilfield services company’s stock valued at $1,810,000 after acquiring an additional 1,803 shares during the last quarter. Strs Ohio bought a new stake in Halliburton during the first quarter valued at $11,416,000. Finally, Acadian Asset Management LLC acquired a new stake in Halliburton during the 1st quarter worth about $895,000. 85.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Stifel Nicolaus lowered their target price on Halliburton from $31.00 to $29.00 and set a “buy” rating for the company in a report on Wednesday, July 23rd. Melius Research started coverage on shares of Halliburton in a research note on Wednesday, August 20th. They issued a “buy” rating and a $41.00 price objective for the company. Royal Bank Of Canada dropped their target price on shares of Halliburton from $28.00 to $24.00 and set a “sector perform” rating on the stock in a research report on Wednesday, July 23rd. Wells Fargo & Company reduced their price target on shares of Halliburton from $28.00 to $26.00 and set an “overweight” rating for the company in a report on Wednesday, July 23rd. Finally, Susquehanna decreased their price target on shares of Halliburton from $30.00 to $27.00 and set a “positive” rating for the company in a research note on Wednesday, July 23rd. Thirteen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, Halliburton presently has an average rating of “Moderate Buy” and a consensus price target of $31.37.

Halliburton Stock Performance

Shares of HAL stock opened at $22.26 on Thursday. The company has a current ratio of 2.00, a quick ratio of 1.47 and a debt-to-equity ratio of 0.68. The firm has a fifty day simple moving average of $21.88 and a two-hundred day simple moving average of $21.90. Halliburton Company has a 12 month low of $18.72 and a 12 month high of $32.57. The firm has a market capitalization of $18.98 billion, a PE ratio of 10.40 and a beta of 1.10.

Halliburton (NYSE:HAL) last issued its quarterly earnings data on Tuesday, July 22nd. The oilfield services company reported $0.55 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.55. The firm had revenue of $5.51 billion during the quarter, compared to analysts’ expectations of $5.43 billion. Halliburton had a net margin of 8.37% and a return on equity of 21.45%. The business’s revenue was down 5.5% on a year-over-year basis. During the same period last year, the company earned $0.80 earnings per share. Analysts forecast that Halliburton Company will post 2.64 EPS for the current fiscal year.

Halliburton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 3rd will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Wednesday, September 3rd. Halliburton’s payout ratio is currently 31.78%.

Halliburton 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.