BankPlus Trust Department Invests $65,000 in Halliburton (NYSE:HAL)

BankPlus Trust Department bought a new position in Halliburton (NYSE:HAL) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 2,397 shares of the oilfield services company’s stock, valued at approximately $65,000.

Several other hedge funds also recently made changes to their positions in HAL. Sierra Ocean LLC acquired a new position in shares of Halliburton in the 4th quarter worth approximately $36,000. Modus Advisors LLC acquired a new position in Halliburton during the 4th quarter valued at approximately $38,000. Continuum Advisory LLC boosted its position in 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 purchasing an additional 698 shares during the period. Venturi Wealth Management LLC boosted its position in Halliburton by 34.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock valued at $47,000 after purchasing an additional 412 shares during the period. Finally, Brown Brothers Harriman & Co. boosted its position in Halliburton by 28.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company’s stock valued at $51,000 after purchasing an additional 393 shares during the period. Institutional investors and hedge funds own 85.23% of the company’s stock.

Analysts Set New Price Targets

HAL has been the subject of a number of analyst reports. UBS Group lowered Halliburton from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $36.00 to $34.00 in a research report on Monday, December 9th. Royal Bank of Canada restated a “sector perform” rating and set a $34.00 price objective on shares of Halliburton in a research report on Thursday, January 23rd. Morgan Stanley reduced their price objective on Halliburton from $35.00 to $34.00 and set an “overweight” rating for the company in a research report on Monday, November 18th. Stifel Nicolaus reduced 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. Finally, Griffin Securities lowered Halliburton from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. Seven research 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.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.42.

Insider Transactions at Halliburton

In other news, CFO Eric Carre sold 141,206 shares of the business’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $26.13, for a total transaction of $3,689,712.78. Following the sale, the chief financial officer now directly owns 127,101 shares of the company’s stock, valued at $3,321,149.13. The trade was a 52.63 % decrease in their ownership of the stock. The sale 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 insiders.

Halliburton Stock Down 1.9 %

HAL opened at $26.25 on Wednesday. The stock’s fifty day moving average is $27.02 and its 200-day moving average is $28.83. The company has a market capitalization of $22.78 billion, a PE ratio of 9.27, a P/E/G ratio of 3.79 and a beta of 1.89. 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 has a one year low of $25.16 and a one year high of $41.56.

Halliburton Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date is Wednesday, March 5th. Halliburton’s dividend payout ratio (DPR) is presently 24.03%.

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.