one8zero8 LLC Buys Shares of 60,339 Halliburton (NYSE:HAL)

one8zero8 LLC bought a new stake in shares of Halliburton (NYSE:HAL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 60,339 shares of the oilfield services company’s stock, valued at approximately $1,641,000.

A number of other hedge funds have also made changes to their positions in HAL. Franklin Resources Inc. raised its holdings in shares of Halliburton by 244.5% during the third quarter. Franklin Resources Inc. now owns 4,513,560 shares of the oilfield services company’s stock valued at $138,025,000 after acquiring an additional 3,203,224 shares during the last quarter. Pacer Advisors Inc. grew its position in shares of 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 purchasing an additional 3,150,986 shares in the last quarter. Amundi grew its position in shares of Halliburton by 22.2% in the fourth quarter. Amundi now owns 13,068,025 shares of the oilfield services company’s stock valued at $353,242,000 after purchasing an additional 2,378,043 shares in the last quarter. Thompson Siegel & Walmsley LLC purchased a new stake in shares of Halliburton in the third quarter valued at approximately $55,132,000. Finally, OFI Invest Asset Management purchased a new stake in shares of Halliburton in the fourth quarter valued at approximately $32,683,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Insider Activity

In other Halliburton news, Director Margaret Katherine Banks sold 3,900 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $24.04, for a total value of $93,756.00. Following the sale, the director now directly owns 10,551 shares in the company, valued at $253,646.04. This trade represents a 26.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Eric Carre sold 141,206 shares of the firm’s stock in a transaction on 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 sale, the chief financial officer now owns 127,101 shares in the company, valued at approximately $3,321,149.13. This represents a 52.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 155,603 shares of company stock worth $4,041,695. Corporate insiders own 0.61% of the company’s stock.

Halliburton Stock Up 3.1 %

NYSE:HAL opened at $25.09 on Friday. 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’s fifty day moving average is $26.55 and its two-hundred day moving average is $28.27. Halliburton has a 52 week low of $23.42 and a 52 week high of $41.56. The stock has a market capitalization of $21.78 billion, a price-to-earnings ratio of 8.87, a price-to-earnings-growth ratio of 3.79 and a beta of 1.84.

Halliburton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend is Wednesday, March 5th. Halliburton’s payout ratio is currently 24.03%.

Analysts Set New Price Targets

HAL has been the subject of a number of analyst reports. Griffin Securities lowered Halliburton from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. Barclays dropped their price target on Halliburton from $32.00 to $30.00 and set an “equal weight” rating for the company in a research report on Thursday, January 23rd. Evercore ISI dropped their price target on Halliburton from $43.00 to $35.00 and set an “outperform” rating for the company in a research report on Wednesday, January 15th. Raymond James lowered Halliburton from a “strong-buy” rating to a “market perform” rating in a research report on Monday, January 6th. Finally, Stifel Nicolaus lowered their price objective on Halliburton from $42.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $37.42.

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.