WINTON GROUP Ltd Buys 11,405 Shares of Halliburton (NYSE:HAL)

WINTON GROUP Ltd lifted its holdings in shares of Halliburton (NYSE:HAL) by 11.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 113,459 shares of the oilfield services company’s stock after purchasing an additional 11,405 shares during the period. WINTON GROUP Ltd’s holdings in Halliburton were worth $3,085,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Franklin Resources Inc. boosted its stake 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 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 valued at $353,242,000 after purchasing an additional 2,378,043 shares in the last quarter. Pacer Advisors Inc. grew its position in shares of Halliburton by 10.4% in the 4th quarter. Pacer Advisors Inc. now owns 18,530,937 shares of the oilfield services company’s stock valued at $503,856,000 after acquiring an additional 1,748,763 shares during the period. OFI Invest Asset Management bought a new position in shares of Halliburton during the 4th quarter worth approximately $32,683,000. Finally, Van ECK Associates Corp increased its holdings in shares of Halliburton by 31.3% in the fourth quarter. Van ECK Associates Corp now owns 5,100,693 shares of the oilfield services company’s stock valued at $138,688,000 after purchasing an additional 1,214,586 shares during the last quarter. Institutional investors own 85.23% of the company’s stock.

Insider Transactions at Halliburton

In other Halliburton news, VP Timothy Mckeon sold 10,497 shares of the stock in a transaction dated Friday, March 7th. The stock was 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 in the company, valued at approximately $1,913,486.40. This trade represents a 11.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Eric Carre sold 141,206 shares of Halliburton 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 directly owns 127,101 shares of the company’s stock, valued at approximately $3,321,149.13. This trade represents a 52.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 206,782 shares of company stock worth $5,321,170 over the last ninety days. 0.61% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on HAL shares. Wells Fargo & Company reduced their price target on Halliburton from $39.00 to $34.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. Evercore ISI lowered their price target on shares of Halliburton from $43.00 to $35.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 15th. JPMorgan Chase & Co. decreased their target price on shares of Halliburton from $35.00 to $33.00 and set an “overweight” rating on the stock in a research report on Thursday, January 2nd. Benchmark dropped their price target on shares of Halliburton from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Finally, Barclays reduced their price target on Halliburton from $32.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.42.

Halliburton Price Performance

HAL stock opened at $25.33 on Friday. The company has a market capitalization of $21.99 billion, a P/E ratio of 8.95, a PEG ratio of 3.79 and a beta of 1.84. The company has a fifty day moving average price of $26.08 and a 200-day moving average price of $27.97. 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 52-week low of $23.42 and a 52-week high of $41.56.

Halliburton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were paid a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.68 annualized dividend and a dividend yield of 2.68%. Halliburton’s payout ratio is 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.