Hara Capital LLC Has $1.53 Million Position in Halliburton (NYSE:HAL)

Hara Capital LLC lifted its stake in Halliburton (NYSE:HAL) by 223.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 56,284 shares of the oilfield services company’s stock after buying an additional 38,907 shares during the period. Halliburton comprises 1.0% of Hara Capital LLC’s portfolio, making the stock its 24th biggest holding. Hara Capital LLC’s holdings in Halliburton were worth $1,530,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in HAL. Mediolanum International Funds Ltd lifted its stake in Halliburton by 48.2% during the fourth quarter. Mediolanum International Funds Ltd now owns 71,797 shares of the oilfield services company’s stock worth $1,931,000 after purchasing an additional 23,340 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Halliburton by 3.7% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,257,250 shares of the oilfield services company’s stock valued at $61,375,000 after acquiring an additional 80,567 shares during the last quarter. Cary Street Partners Asset Management LLC increased its holdings in shares of Halliburton by 56.5% in the third quarter. Cary Street Partners Asset Management LLC now owns 157,085 shares of the oilfield services company’s stock valued at $4,563,000 after purchasing an additional 56,707 shares in the last quarter. Massachusetts Wealth Management increased its holdings in shares of Halliburton by 180.9% in the fourth quarter. Massachusetts Wealth Management now owns 43,675 shares of the oilfield services company’s stock valued at $1,188,000 after purchasing an additional 28,125 shares in the last quarter. Finally, Pacer Advisors Inc. increased its holdings 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. Institutional investors own 85.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Susquehanna lowered their target price on shares of Halliburton from $42.00 to $40.00 and set a “positive” rating for the company in a report on Friday, November 8th. JPMorgan Chase & Co. lowered their target price on shares of Halliburton from $35.00 to $33.00 and set an “overweight” rating for the company in a report on Thursday, January 2nd. Wells Fargo & Company lowered their target price on shares of Halliburton from $39.00 to $34.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Jefferies Financial Group lowered their target price on shares of Halliburton from $43.00 to $41.00 and set a “buy” rating for the company in a report on Friday, January 3rd. Finally, Benchmark lowered their target price on shares of Halliburton from $40.00 to $35.00 and set a “buy” rating for the company in a 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $37.42.

Halliburton Stock Performance

Shares of Halliburton stock opened at $26.16 on Tuesday. Halliburton has a fifty-two week low of $25.16 and a fifty-two week 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 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. The company’s 50 day moving average price is $27.30 and its two-hundred day moving average price is $29.07.

Halliburton Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be given a $0.17 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.68 dividend on an annualized basis and a yield of 2.60%. Halliburton’s dividend payout ratio is currently 24.03%.

Insider Buying and Selling at Halliburton

In other Halliburton news, CFO Eric Carre sold 141,206 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer now owns 127,101 shares in the company, valued at $3,321,149.13. This trade represents a 52.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 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.