Halliburton (NYSE:HAL) Shares Purchased by Global Retirement Partners LLC

Global Retirement Partners LLC raised its holdings in Halliburton (NYSE:HAL) by 70.2% in the fourth quarter, Holdings Channel reports. The fund owned 8,698 shares of the oilfield services company’s stock after buying an additional 3,588 shares during the period. Global Retirement Partners LLC’s holdings in Halliburton were worth $237,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of HAL. Sierra Ocean LLC purchased a new stake in shares of Halliburton in the fourth quarter valued at approximately $36,000. Modus Advisors LLC acquired a new position in Halliburton during the fourth quarter worth $38,000. Continuum Advisory LLC grew its holdings in 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 buying an additional 698 shares in the last quarter. Venturi Wealth Management LLC increased its stake 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 worth $47,000 after acquiring an additional 412 shares during the last quarter. Finally, Brown Brothers Harriman & Co. raised its holdings in shares of Halliburton by 28.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company’s stock worth $51,000 after acquiring an additional 393 shares during the period. 85.23% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. UBS Group lowered shares of Halliburton from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $36.00 to $34.00 in a report on Monday, December 9th. Susquehanna dropped their price target on shares of Halliburton from $42.00 to $40.00 and set a “positive” rating for the company in a research note on Friday, November 8th. Stifel Nicolaus cut their price target on shares of Halliburton from $42.00 to $37.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Morgan Stanley decreased their price objective on Halliburton from $35.00 to $34.00 and set an “overweight” rating on the stock in a report on Monday, November 18th. Finally, Jefferies Financial Group lowered their price objective on Halliburton from $43.00 to $41.00 and set a “buy” rating for the company in a research report on Friday, January 3rd. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Halliburton presently has an average rating of “Moderate Buy” and a consensus price target of $37.42.

Halliburton Stock Down 1.9 %

Shares of NYSE:HAL opened at $26.25 on Wednesday. The firm has a market capitalization of $22.78 billion, a PE ratio of 9.27, a price-to-earnings-growth ratio of 3.79 and a beta of 1.89. Halliburton has a 1 year low of $25.16 and a 1 year high of $41.56. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 1.54. The firm’s 50-day moving average is $27.02 and its two-hundred day moving average is $28.83.

Halliburton Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend is Wednesday, March 5th. Halliburton’s payout ratio is currently 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.