Ilmarinen Mutual Pension Insurance Co Boosts Holdings in Halliburton (NYSE:HAL)

Ilmarinen Mutual Pension Insurance Co boosted its stake in Halliburton (NYSE:HAL) by 416.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 158,744 shares of the oilfield services company’s stock after acquiring an additional 128,000 shares during the period. Ilmarinen Mutual Pension Insurance Co’s holdings in Halliburton were worth $4,316,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Norges Bank purchased a new stake in shares of Halliburton in the 4th quarter valued at about $299,986,000. Franklin Resources Inc. lifted its stake in 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 buying an additional 3,203,224 shares during the last quarter. Amundi boosted its holdings in shares of Halliburton by 22.2% in the fourth quarter. Amundi now owns 13,068,025 shares of the oilfield services company’s stock valued at $353,242,000 after acquiring an additional 2,378,043 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of Halliburton by 15.6% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 16,093,680 shares of the oilfield services company’s stock worth $437,587,000 after acquiring an additional 2,171,722 shares during the last quarter. Finally, Pacer Advisors Inc. increased its holdings in shares of Halliburton by 10.4% in the 4th quarter. Pacer Advisors Inc. now owns 18,530,937 shares of the oilfield services company’s stock valued at $503,856,000 after acquiring an additional 1,748,763 shares during the period. Institutional investors and hedge funds own 85.23% of the company’s stock.

Insider Buying and Selling at Halliburton

In related news, CFO Eric Carre sold 141,206 shares of the stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $26.13, for a total transaction of $3,689,712.78. Following the sale, the chief financial officer now owns 127,101 shares of the company’s stock, valued at $3,321,149.13. This trade represents a 52.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Margaret Katherine Banks sold 3,900 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $24.04, for a total transaction of $93,756.00. Following the completion of the transaction, the director now directly owns 10,551 shares of the company’s stock, valued at $253,646.04. The trade was a 26.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 206,782 shares of company stock valued at $5,321,170 over the last quarter. Corporate insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Raymond James downgraded shares of Halliburton from a “strong-buy” rating to a “market perform” rating in a research report on Monday, January 6th. Wells Fargo & Company dropped their price target on Halliburton from $39.00 to $34.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. Jefferies Financial Group decreased their price objective on Halliburton from $43.00 to $41.00 and set a “buy” rating for the company in a research report on Friday, January 3rd. Piper Sandler initiated coverage on Halliburton in a report on Thursday, December 19th. They issued an “overweight” rating and a $36.00 target price on the stock. Finally, Evercore ISI decreased their price target on Halliburton from $43.00 to $35.00 and set an “outperform” rating for the company in a report on Wednesday, January 15th. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $37.37.

Halliburton Trading Down 11.0 %

Shares of HAL stock opened at $19.93 on Friday. Halliburton has a fifty-two week low of $19.59 and a fifty-two week 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 business has a fifty day simple moving average of $25.49 and a 200-day simple moving average of $27.79. The stock has a market cap of $17.30 billion, a P/E ratio of 7.04, a P/E/G ratio of 3.79 and a beta of 1.45.

Halliburton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date of this dividend 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.