CIBC Private Wealth Group LLC Has $218,000 Stock Holdings in Halliburton (NYSE:HAL)

CIBC Private Wealth Group LLC boosted its holdings in shares of Halliburton (NYSE:HAL) by 33.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 8,065 shares of the oilfield services company’s stock after buying an additional 2,042 shares during the period. CIBC Private Wealth Group LLC’s holdings in Halliburton were worth $218,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of HAL. Horrell Capital Management Inc. purchased a new stake in shares of Halliburton in the fourth quarter worth approximately $33,000. Sierra Ocean LLC acquired a new stake in shares of Halliburton during the 4th quarter valued at $36,000. Continuum Advisory LLC grew its holdings in shares of Halliburton by 101.2% during the 3rd quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company’s stock valued at $42,000 after acquiring an additional 698 shares in the last quarter. Modus Advisors LLC acquired a new position in shares of Halliburton in the fourth quarter worth $38,000. Finally, Blume Capital Management Inc. raised its holdings in shares of Halliburton by 33.3% during the fourth quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company’s stock worth $44,000 after acquiring an additional 400 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Halliburton Stock Down 11.0 %

NYSE HAL opened at $19.93 on Monday. Halliburton has a twelve month low of $19.05 and a twelve month high of $41.56. The stock has a market cap of $17.30 billion, a PE ratio of 7.04, a PEG ratio of 3.79 and a beta of 1.45. The firm has a 50-day simple moving average of $25.49 and a 200 day simple moving average of $27.78. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05.

Halliburton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were given a $0.17 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.41%. Halliburton’s dividend payout ratio is currently 24.03%.

Analysts Set New Price Targets

HAL has been the subject of several recent research reports. Raymond James downgraded shares of Halliburton from a “strong-buy” rating to a “market perform” rating in a research report on Monday, January 6th. Griffin Securities downgraded shares of Halliburton from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. Benchmark cut their target price on 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. decreased their price target on Halliburton from $35.00 to $33.00 and set an “overweight” rating for the company in a research note on Thursday, January 2nd. Finally, Wells Fargo & Company cut their price objective on Halliburton from $39.00 to $34.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.37.

Insider Transactions at Halliburton

In other news, Director Margaret Katherine Banks sold 3,900 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $24.04, for a total transaction of $93,756.00. Following the completion of the transaction, the director now directly owns 10,551 shares of the company’s stock, valued at approximately $253,646.04. This trade represents a 26.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Timothy Mckeon sold 10,497 shares of Halliburton stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $24.60, for a total transaction of $258,226.20. Following the sale, the vice president now owns 77,784 shares in the company, valued at approximately $1,913,486.40. This trade represents a 11.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 206,782 shares of company stock valued at $5,321,170. 0.61% of the stock is owned by corporate insiders.

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.