Elo Mutual Pension Insurance Co Has $2.55 Million Stock Position in Halliburton (NYSE:HAL)

Elo Mutual Pension Insurance Co reduced its stake in shares of Halliburton (NYSE:HAL) by 1.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 93,925 shares of the oilfield services company’s stock after selling 1,071 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Halliburton were worth $2,554,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of HAL. Horrell Capital Management Inc. acquired a new position in shares of Halliburton during the fourth quarter valued at about $33,000. Sierra Ocean LLC bought a new position in Halliburton during the fourth quarter valued at about $36,000. Modus Advisors LLC acquired a new position in Halliburton in the 4th quarter valued at approximately $38,000. Continuum Advisory LLC grew its holdings in shares of Halliburton by 101.2% during the 3rd quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company’s stock worth $42,000 after purchasing an additional 698 shares in the last quarter. Finally, Blume Capital Management Inc. increased 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 valued at $44,000 after purchasing an additional 400 shares during the period. 85.23% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on HAL shares. Stifel Nicolaus lowered their price target on shares of Halliburton from $42.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. Jefferies Financial Group dropped their price target on shares of Halliburton from $43.00 to $41.00 and set a “buy” rating for the company in a research report on Friday, January 3rd. Raymond James downgraded Halliburton from a “strong-buy” rating to a “market perform” rating in a report on Monday, January 6th. Evercore ISI dropped their target price on Halliburton from $43.00 to $35.00 and set an “outperform” rating for the company in a report on Wednesday, January 15th. Finally, Griffin Securities lowered Halliburton from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, Halliburton currently has a consensus rating of “Moderate Buy” and an average target price of $37.42.

Halliburton Trading Down 1.0 %

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

Halliburton Dividend Announcement

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

Insiders Place Their Bets

In related news, CFO Eric Carre sold 141,206 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer now 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Timothy Mckeon sold 10,497 shares of the firm’s stock in a transaction dated Friday, March 7th. The shares were 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 in the company, valued at $1,913,486.40. The trade was a 11.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 206,782 shares of company stock worth $5,321,170. 0.61% of the stock is owned by corporate insiders.

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.