Kentucky Retirement Systems Insurance Trust Fund Acquires 3,900 Shares of Halliburton (NYSE:HAL)

Kentucky Retirement Systems Insurance Trust Fund grew its holdings in shares of Halliburton (NYSE:HAL) by 14.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,038 shares of the oilfield services company’s stock after buying an additional 3,900 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Halliburton were worth $817,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Franklin Resources Inc. lifted its holdings in shares of Halliburton by 244.5% in the 3rd quarter. Franklin Resources Inc. now owns 4,513,560 shares of the oilfield services company’s stock worth $138,025,000 after purchasing an additional 3,203,224 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Halliburton by 23.1% in the 3rd quarter. Pacer Advisors Inc. now owns 16,782,174 shares of the oilfield services company’s stock worth $487,522,000 after purchasing an additional 3,150,986 shares in the last quarter. Thompson Siegel & Walmsley LLC bought a new position in shares of Halliburton in the 3rd quarter worth $55,132,000. Van ECK Associates Corp lifted 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 worth $138,688,000 after purchasing an additional 1,214,586 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its holdings in shares of Halliburton by 22.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 5,520,383 shares of the oilfield services company’s stock worth $160,367,000 after purchasing an additional 995,649 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors.

Halliburton Trading Up 2.2 %

Shares of Halliburton stock opened at $26.75 on Wednesday. The stock has a fifty day moving average price of $27.19 and a 200-day moving average price of $28.99. Halliburton has a 1 year low of $25.16 and a 1 year high of $41.56. The firm has a market cap of $23.50 billion, a PE ratio of 9.45, a P/E/G ratio of 3.53 and a beta of 1.89. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.54%. The ex-dividend date of this dividend is Wednesday, March 5th. Halliburton’s dividend payout ratio (DPR) is currently 24.03%.

Analysts Set New Price Targets

HAL has been the topic of a number of recent research reports. Griffin Securities cut Halliburton from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. Royal Bank of Canada restated a “sector perform” rating and set a $34.00 price objective on shares of Halliburton in a research note on Thursday, January 23rd. Wells Fargo & Company dropped their price objective on Halliburton from $39.00 to $34.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. Raymond James cut Halliburton from a “strong-buy” rating to a “market perform” rating in a research note on Monday, January 6th. Finally, Piper Sandler assumed coverage on Halliburton in a research note on Thursday, December 19th. They set an “overweight” rating and a $36.00 price objective on the stock. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $37.42.

Insider Buying and Selling

In related news, CFO Eric Carre sold 141,206 shares of Halliburton stock in a transaction dated 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 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 SEC, which can be accessed through this hyperlink. 0.61% of the stock is currently owned by insiders.

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.