Barrow Hanley Mewhinney & Strauss LLC Has $437.59 Million Stock Position in Halliburton (NYSE:HAL)

Barrow Hanley Mewhinney & Strauss LLC increased its position in Halliburton (NYSE:HAL) by 15.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,093,680 shares of the oilfield services company’s stock after buying an additional 2,171,722 shares during the period. Halliburton accounts for approximately 1.5% of Barrow Hanley Mewhinney & Strauss LLC’s investment portfolio, making the stock its 24th biggest holding. Barrow Hanley Mewhinney & Strauss LLC’s holdings in Halliburton were worth $437,587,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Horrell Capital Management Inc. acquired a new stake in Halliburton in the fourth quarter valued at approximately $33,000. Sierra Ocean LLC bought a new stake in Halliburton during the 4th quarter valued at $36,000. Modus Advisors LLC bought a new position in shares of Halliburton in the fourth quarter valued at $38,000. Continuum Advisory LLC increased its position in shares of Halliburton by 101.2% during the third quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company’s stock worth $42,000 after acquiring an additional 698 shares in the last quarter. Finally, Blume Capital Management Inc. raised 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 worth $44,000 after acquiring an additional 400 shares during the last quarter. 85.23% of the stock is owned by institutional investors.

Insider Activity

In related news, CFO Eric Carre sold 51,179 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $25.00, for a total value of $1,279,475.00. Following the sale, the chief financial officer now owns 127,101 shares in the company, valued at approximately $3,177,525. This trade represents a 28.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Timothy Mckeon sold 10,497 shares of Halliburton stock in a transaction on Friday, March 7th. The shares were sold at an average price of $24.60, for a total value of $258,226.20. Following the sale, the vice president now directly owns 77,784 shares of the company’s stock, valued at $1,913,486.40. This represents a 11.89 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 206,782 shares of company stock worth $5,321,170. 0.61% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

HAL has been the subject of a number of analyst reports. Raymond James downgraded Halliburton from a “strong-buy” rating to a “market perform” rating in a research note on Monday, January 6th. Jefferies Financial Group decreased their price target on Halliburton from $43.00 to $41.00 and set a “buy” rating for the company in a report on Friday, January 3rd. Griffin Securities cut Halliburton from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Benchmark reduced their target price on shares of Halliburton from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. Finally, Evercore ISI dropped 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. Seven 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, Halliburton currently has an average rating of “Moderate Buy” and a consensus target price of $37.42.

Halliburton Stock Down 1.0 %

Shares of NYSE HAL opened at $25.08 on Friday. The business’s fifty day moving average price is $25.99 and its 200-day moving average price is $27.95. Halliburton has a one year low of $23.42 and a one year high of $41.56. The stock has a market capitalization of $21.77 billion, a PE ratio of 8.86, a P/E/G ratio of 3.79 and a beta of 1.84. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 1.54.

Halliburton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date was Wednesday, March 5th. Halliburton’s payout ratio is 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.