Halliburton (NYSE:HAL) Shares Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. increased its position in shares of Halliburton (NYSE:HAL) by 7.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 115,912 shares of the oilfield services company’s stock after buying an additional 7,858 shares during the period. Daiwa Securities Group Inc.’s holdings in Halliburton were worth $3,152,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Franklin Resources Inc. grew its holdings in Halliburton by 244.5% during the 3rd quarter. Franklin Resources Inc. now owns 4,513,560 shares of the oilfield services company’s stock worth $138,025,000 after acquiring an additional 3,203,224 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Halliburton by 23.1% during the third quarter. Pacer Advisors Inc. now owns 16,782,174 shares of the oilfield services company’s stock worth $487,522,000 after purchasing an additional 3,150,986 shares during the last quarter. Amundi grew its stake in Halliburton by 22.2% in the fourth quarter. Amundi now owns 13,068,025 shares of the oilfield services company’s stock worth $353,242,000 after purchasing an additional 2,378,043 shares in the last quarter. Thompson Siegel & Walmsley LLC bought a new stake in Halliburton in the third quarter valued at about $55,132,000. Finally, OFI Invest Asset Management acquired a new stake in Halliburton during the fourth quarter valued at approximately $32,683,000. 85.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Benchmark decreased their target price on Halliburton from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $34.00 price objective on shares of Halliburton in a report on Thursday, January 23rd. Wells Fargo & Company dropped their target price on shares of Halliburton from $39.00 to $34.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. Piper Sandler assumed coverage on shares of Halliburton in a report on Thursday, December 19th. They issued an “overweight” rating and a $36.00 price target for the company. Finally, Stifel Nicolaus lowered their price objective on shares of Halliburton from $42.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $37.42.

Halliburton Stock Down 1.7 %

Shares of Halliburton stock opened at $24.29 on Friday. Halliburton has a 1-year low of $23.42 and a 1-year high of $41.56. The company has a market capitalization of $21.08 billion, a P/E ratio of 8.58, a PEG ratio of 3.79 and a beta of 1.84. The business’s fifty day moving average price is $26.60 and its two-hundred day moving average price is $28.34. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 1.54.

Halliburton Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.80%. The ex-dividend date is Wednesday, March 5th. Halliburton’s payout ratio is currently 24.03%.

Insider Activity at Halliburton

In related news, VP Timothy Mckeon sold 10,497 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $24.60, for a total transaction of $258,226.20. Following the completion of the sale, the vice president now directly owns 77,784 shares of the company’s stock, valued at $1,913,486.40. This represents a 11.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Margaret Katherine Banks sold 3,900 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $24.04, for a total value of $93,756.00. Following the sale, the director now owns 10,551 shares of the company’s stock, valued at $253,646.04. This trade represents a 26.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 155,603 shares of company stock worth $4,041,695 in the last 90 days. Corporate insiders own 0.61% of the company’s stock.

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.