Capital International Sarl Grows Holdings in Halliburton (NYSE:HAL)

Capital International Sarl raised its position in shares of Halliburton (NYSE:HAL) by 21.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 82,139 shares of the oilfield services company’s stock after purchasing an additional 14,778 shares during the quarter. Capital International Sarl’s holdings in Halliburton were worth $2,233,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Horrell Capital Management Inc. purchased a new position in shares of Halliburton during the 4th quarter valued at $33,000. Sierra Ocean LLC purchased a new position in shares of Halliburton in the fourth quarter valued at about $36,000. Modus Advisors LLC bought a new position in shares of Halliburton in the fourth quarter worth about $38,000. Blume Capital Management Inc. grew its position in shares of Halliburton by 33.3% during the fourth quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company’s stock worth $44,000 after purchasing an additional 400 shares in the last quarter. Finally, Wingate Wealth Advisors Inc. purchased a new position in Halliburton in the 4th quarter worth approximately $52,000. 85.23% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Benchmark reduced their price objective on shares of Halliburton from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. Royal Bank of Canada reissued a “sector perform” rating and set a $34.00 price objective on shares of Halliburton in a report on Thursday, January 23rd. Jefferies Financial Group lowered their price target 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. Griffin Securities lowered shares of Halliburton from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Finally, Stifel Nicolaus dropped their price target on shares of Halliburton from $42.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $36.95.

Insider Buying and Selling

In other news, VP Timothy Mckeon sold 10,497 shares of the company’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $24.60, for a total transaction of $258,226.20. Following the transaction, the vice president now directly owns 77,784 shares of the company’s stock, valued at approximately $1,913,486.40. This represents a 11.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Eric Carre sold 141,206 shares of the firm’s stock in a transaction on 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 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 position. The disclosure for this sale can be found here. Insiders sold a total of 206,782 shares of company stock worth $5,321,170 in the last 90 days. 0.61% of the stock is owned by corporate insiders.

Halliburton Trading Up 5.0 %

Shares of NYSE HAL opened at $22.51 on Friday. The business has a fifty day moving average price of $24.26 and a 200 day moving average price of $27.13. Halliburton has a 1-year low of $18.72 and a 1-year high of $39.37. 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 stock has a market capitalization of $19.40 billion, a P/E ratio of 7.95, a price-to-earnings-growth ratio of 3.79 and a beta of 1.45.

Halliburton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date was Wednesday, March 5th. Halliburton’s payout ratio is currently 24.03%.

Halliburton Company 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.