National Pension Service Has $35.38 Million Stock Holdings in Halliburton (NYSE:HAL)

National Pension Service increased its holdings in Halliburton (NYSE:HAL) by 0.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,301,209 shares of the oilfield services company’s stock after purchasing an additional 8,353 shares during the period. National Pension Service owned approximately 0.15% of Halliburton worth $35,380,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in HAL. Wealth Enhancement Advisory Services LLC raised its position in Halliburton by 13.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 101,179 shares of the oilfield services company’s stock worth $2,939,000 after purchasing an additional 12,067 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Halliburton by 6.1% during the third quarter. State of Alaska Department of Revenue now owns 102,584 shares of the oilfield services company’s stock worth $2,980,000 after buying an additional 5,930 shares in the last quarter. HM Payson & Co. increased its holdings in shares of Halliburton by 3.1% during the third quarter. HM Payson & Co. now owns 26,400 shares of the oilfield services company’s stock worth $767,000 after buying an additional 800 shares in the last quarter. US Bancorp DE increased its holdings in shares of Halliburton by 7.0% during the third quarter. US Bancorp DE now owns 148,722 shares of the oilfield services company’s stock worth $4,320,000 after buying an additional 9,721 shares in the last quarter. Finally, Stephens Inc. AR increased its holdings in shares of Halliburton by 11.5% during the third quarter. Stephens Inc. AR now owns 105,240 shares of the oilfield services company’s stock worth $3,057,000 after buying an additional 10,831 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Halliburton Price Performance

Shares of HAL stock opened at $26.34 on Friday. The firm’s 50 day moving average price is $27.03 and its two-hundred day moving average price is $28.76. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05. The stock has a market cap of $22.86 billion, a PE ratio of 9.31, a PEG ratio of 3.79 and a beta of 1.89. Halliburton has a 52-week low of $25.16 and a 52-week high of $41.56.

Halliburton Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders 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 yield of 2.58%. Halliburton’s dividend payout ratio (DPR) is presently 24.03%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Wells Fargo & Company dropped their price objective 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. JPMorgan Chase & Co. dropped their price objective 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. Jefferies Financial Group decreased their price target on shares of Halliburton from $43.00 to $41.00 and set a “buy” rating on the stock in a research note on Friday, January 3rd. Piper Sandler initiated coverage on shares of Halliburton in a research note on Thursday, December 19th. They set an “overweight” rating and a $36.00 price target on the stock. Finally, UBS Group cut shares of Halliburton from a “buy” rating to a “neutral” rating and decreased their price target for the company from $36.00 to $34.00 in a research note on Monday, December 9th. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $37.42.

Insiders Place Their Bets

In other Halliburton news, CFO Eric Carre sold 141,206 shares of the 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 sale, the chief financial officer now directly owns 127,101 shares in the company, valued at approximately $3,321,149.13. This trade represents a 52.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.61% of the company’s stock.

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.