Halliburton (NYSE:HAL) Shares Acquired by Virtu Financial LLC

Virtu Financial LLC lifted its position in Halliburton (NYSE:HAL) by 100.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 32,632 shares of the oilfield services company’s stock after acquiring an additional 16,351 shares during the period. Virtu Financial LLC’s holdings in Halliburton were worth $887,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Franklin Resources Inc. increased its holdings in shares of Halliburton by 244.5% in the third quarter. Franklin Resources Inc. now owns 4,513,560 shares of the oilfield services company’s stock valued at $138,025,000 after purchasing an additional 3,203,224 shares during the period. Amundi increased its holdings in Halliburton by 22.2% in the 4th quarter. Amundi now owns 13,068,025 shares of the oilfield services company’s stock worth $353,242,000 after buying an additional 2,378,043 shares during the period. Pacer Advisors Inc. raised its position in Halliburton by 10.4% during the 4th quarter. Pacer Advisors Inc. now owns 18,530,937 shares of the oilfield services company’s stock worth $503,856,000 after buying an additional 1,748,763 shares during the last quarter. OFI Invest Asset Management acquired a new stake in Halliburton during the 4th quarter valued at approximately $32,683,000. Finally, Van ECK Associates Corp boosted its holdings in shares of Halliburton by 31.3% in the 4th quarter. Van ECK Associates Corp now owns 5,100,693 shares of the oilfield services company’s stock valued at $138,688,000 after acquiring an additional 1,214,586 shares during the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Halliburton Stock Up 3.4 %

NYSE HAL opened at $25.59 on Tuesday. Halliburton has a one year low of $23.42 and a one year high of $41.56. 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 business has a fifty day moving average price of $26.28 and a 200 day moving average price of $28.03. The company has a market cap of $22.21 billion, a P/E ratio of 9.04, a P/E/G ratio of 3.79 and a beta of 1.84.

Halliburton Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.66%. The ex-dividend date of this dividend is Wednesday, March 5th. Halliburton’s dividend payout ratio is currently 24.03%.

Insider Buying and Selling

In other news, CFO Eric Carre sold 51,179 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $25.00, for a total transaction of $1,279,475.00. Following the transaction, the chief financial officer now directly owns 127,101 shares in the company, valued at $3,177,525. The trade was a 28.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Timothy Mckeon sold 10,497 shares of the stock in a transaction that occurred 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 completion of the sale, 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 position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 206,782 shares of company stock worth $5,321,170. 0.61% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on HAL shares. Royal Bank of Canada reissued a “sector perform” rating and set a $34.00 target price on shares of Halliburton in a report on Thursday, January 23rd. Griffin Securities downgraded Halliburton from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Piper Sandler started coverage on Halliburton in a research report on Thursday, December 19th. They set an “overweight” rating and a $36.00 price target for the company. JPMorgan Chase & Co. lowered their price objective on Halliburton from $35.00 to $33.00 and set an “overweight” rating on the stock in a research report on Thursday, January 2nd. Finally, Jefferies Financial Group decreased their target price on shares of Halliburton from $43.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $37.42.

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.