Robeco Institutional Asset Management B.V. Purchases 3,287 Shares of Halliburton (NYSE:HAL)

Robeco Institutional Asset Management B.V. boosted its position in shares of Halliburton (NYSE:HAL) by 4.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,077 shares of the oilfield services company’s stock after acquiring an additional 3,287 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Halliburton were worth $2,259,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Franklin Resources Inc. raised its holdings in shares of Halliburton by 244.5% in the 3rd quarter. Franklin Resources Inc. now owns 4,513,560 shares of the oilfield services company’s stock valued at $138,025,000 after purchasing an additional 3,203,224 shares during the period. Pacer Advisors Inc. raised its stake in Halliburton by 23.1% in the third quarter. Pacer Advisors Inc. now owns 16,782,174 shares of the oilfield services company’s stock valued at $487,522,000 after buying an additional 3,150,986 shares during the period. Thompson Siegel & Walmsley LLC acquired a new stake in shares of Halliburton in the third quarter valued at approximately $55,132,000. Thrivent Financial for Lutherans boosted its stake in shares of Halliburton by 22.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 5,520,383 shares of the oilfield services company’s stock worth $160,367,000 after acquiring an additional 995,649 shares during the period. Finally, Banco Santander S.A. acquired a new position in shares of Halliburton during the 3rd quarter worth approximately $13,085,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on HAL. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $34.00 price objective on shares of Halliburton in a research report on Thursday, January 23rd. Barclays lowered their price target on shares of Halliburton from $32.00 to $30.00 and set an “equal weight” rating on the stock in a report on Thursday, January 23rd. JPMorgan Chase & Co. decreased their target price on Halliburton from $35.00 to $33.00 and set an “overweight” rating on the stock in a research report on Thursday, January 2nd. Jefferies Financial Group dropped their price target on Halliburton from $43.00 to $41.00 and set a “buy” rating for the company in a report on Friday, January 3rd. Finally, Bank of America decreased their price objective on Halliburton from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, Halliburton has an average rating of “Moderate Buy” and an average target price of $37.42.

Halliburton Stock Performance

Halliburton stock opened at $25.52 on Tuesday. The company has a quick ratio of 1.54, a current ratio of 2.05 and a debt-to-equity ratio of 0.68. The stock has a market cap of $22.42 billion, a PE ratio of 9.02, a P/E/G ratio of 3.60 and a beta of 1.91. Halliburton has a 12-month low of $25.27 and a 12-month high of $41.56. The business’s 50-day moving average price is $28.35 and its two-hundred day moving average price is $29.65.

Halliburton (NYSE:HAL) last announced its quarterly earnings results 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). The company had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.83 billion. Halliburton had a net margin of 10.90% and a return on equity of 26.03%. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period last year, the firm posted $0.79 earnings per share. As a group, analysts expect that Halliburton will post 2.67 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 26th. Stockholders of record on Wednesday, December 4th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend was Wednesday, December 4th. Halliburton’s payout ratio is 24.03%.

About Halliburton

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.