one8zero8 LLC Takes $1.64 Million Position in Halliburton (NYSE:HAL)

one8zero8 LLC purchased a new stake in Halliburton (NYSE:HAL) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 60,339 shares of the oilfield services company’s stock, valued at approximately $1,641,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sierra Ocean LLC purchased a new position in shares of Halliburton in the 4th quarter valued at $36,000. Modus Advisors LLC purchased a new position in shares of Halliburton in the 4th quarter valued at $38,000. Continuum Advisory LLC increased its holdings in shares of Halliburton by 101.2% in 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 during the period. Blume Capital Management Inc. increased its holdings in shares of Halliburton by 33.3% in the 4th quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company’s stock valued at $44,000 after acquiring an additional 400 shares during the period. Finally, Venturi Wealth Management LLC increased its holdings in shares of Halliburton by 34.2% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock valued at $47,000 after acquiring an additional 412 shares during the period. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Eric Carre sold 141,206 shares of the company’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $26.13, for a total value of $3,689,712.78. Following the completion of the transaction, the chief financial officer now owns 127,101 shares of the company’s stock, valued at approximately $3,321,149.13. This represents a 52.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Margaret Katherine Banks sold 3,900 shares of the company’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $24.04, for a total value 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 $253,646.04. The trade was a 26.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 155,603 shares of company stock valued at $4,041,695 in the last quarter. 0.61% of the stock is currently owned by company insiders.

Analyst Ratings Changes

HAL has been the topic of several research analyst reports. Evercore ISI dropped their target price on Halliburton from $43.00 to $35.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 15th. Stifel Nicolaus dropped their target price on Halliburton from $42.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. Griffin Securities downgraded Halliburton from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Wells Fargo & Company dropped their target price on Halliburton from $39.00 to $34.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. Finally, Jefferies Financial Group dropped their target price on Halliburton from $43.00 to $41.00 and set a “buy” rating on the stock in a research note on Friday, January 3rd. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.42.

Halliburton Stock Performance

Shares of HAL stock opened at $25.09 on Friday. The stock has a market cap of $21.78 billion, a PE ratio of 8.87, a price-to-earnings-growth ratio of 3.79 and a beta of 1.84. The business has a 50-day simple moving average of $26.55 and a 200-day simple moving average of $28.27. The company has a quick ratio of 1.54, a current ratio of 2.05 and a debt-to-equity ratio of 0.68. Halliburton has a 52-week low of $23.42 and a 52-week high of $41.56.

Halliburton Dividend Announcement

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 issued a $0.17 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.68 annualized dividend and a dividend yield of 2.71%. Halliburton’s dividend payout ratio (DPR) is presently 24.03%.

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.