Asset Management One Co. Ltd. Buys 14,215 Shares of Halliburton (NYSE:HAL)

Asset Management One Co. Ltd. raised its holdings in Halliburton (NYSE:HAL) by 4.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 348,698 shares of the oilfield services company’s stock after buying an additional 14,215 shares during the period. Asset Management One Co. Ltd.’s holdings in Halliburton were worth $9,342,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Continuum Advisory LLC raised its holdings in shares of Halliburton by 101.2% in the 3rd quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company’s stock valued at $42,000 after purchasing an additional 698 shares during the period. Modus Advisors LLC bought a new stake in shares of Halliburton in the 4th quarter valued at about $38,000. Venturi Wealth Management LLC raised its holdings in shares of Halliburton by 34.2% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock valued at $47,000 after purchasing an additional 412 shares during the period. Brown Brothers Harriman & Co. raised its holdings in shares of Halliburton by 28.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company’s stock valued at $51,000 after purchasing an additional 393 shares during the period. Finally, Wingate Wealth Advisors Inc. bought a new stake in shares of Halliburton in the 4th quarter valued at about $52,000. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Halliburton Trading Down 0.5 %

NYSE:HAL opened at $26.16 on Tuesday. The company has a fifty day moving average of $27.30 and a 200 day moving average of $29.07. Halliburton has a 52 week low of $25.16 and a 52 week high of $41.56. 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 firm has a market capitalization of $22.98 billion, a P/E ratio of 9.24, a P/E/G ratio of 3.53 and a beta of 1.89.

Halliburton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.68 annualized dividend and a yield of 2.60%. Halliburton’s dividend payout ratio (DPR) is presently 24.03%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on HAL shares. Susquehanna lowered their price target on shares of Halliburton from $42.00 to $40.00 and set a “positive” rating on the stock in a report on Friday, November 8th. Royal Bank of Canada reissued a “sector perform” rating and issued a $34.00 price target on shares of Halliburton in a report on Thursday, January 23rd. Benchmark lowered their price target on shares of Halliburton from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. JPMorgan Chase & Co. lowered their price target on shares of Halliburton from $35.00 to $33.00 and set an “overweight” rating on the stock in a report on Thursday, January 2nd. Finally, UBS Group cut shares of Halliburton from a “buy” rating to a “neutral” rating and lowered their price target for the company from $36.00 to $34.00 in a report on Monday, December 9th. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.42.

Insiders Place Their Bets

In related news, CFO Eric Carre sold 141,206 shares of the stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $26.13, for a total value of $3,689,712.78. Following the completion of the transaction, the chief financial officer now directly owns 127,101 shares in the company, valued at $3,321,149.13. This trade represents a 52.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.61% of the company’s stock.

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.