Mitsubishi UFJ Asset Management Co. Ltd. Increases Stock Holdings in Halliburton (NYSE:HAL)

Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Halliburton (NYSE:HAL) by 9.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,406,264 shares of the oilfield services company’s stock after buying an additional 121,625 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Halliburton were worth $38,925,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Horrell Capital Management Inc. acquired a new stake in Halliburton in the 4th quarter worth approximately $33,000. Sierra Ocean LLC purchased a new position in shares of Halliburton in the fourth quarter worth $36,000. Continuum Advisory LLC grew its holdings 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 valued at $42,000 after buying an additional 698 shares during the last quarter. Modus Advisors LLC acquired a new position in shares of Halliburton in the 4th quarter valued at $38,000. Finally, Blume Capital Management Inc. raised its stake in 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. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Insider Transactions at Halliburton

In other news, VP Timothy Mckeon sold 10,497 shares of Halliburton stock in a transaction that occurred on Friday, March 7th. The stock was 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. The trade was a 11.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Eric Carre sold 51,179 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $25.00, for a total value of $1,279,475.00. Following the completion of the transaction, the chief financial officer now directly owns 127,101 shares of the company’s stock, valued at approximately $3,177,525. This represents a 28.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 206,782 shares of company stock valued at $5,321,170 over the last 90 days. Corporate insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on HAL. Barclays dropped their price target on Halliburton from $32.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 23rd. UBS Group downgraded shares of Halliburton from a “buy” rating to a “neutral” rating and cut their price target for the stock from $36.00 to $34.00 in a report on Monday, December 9th. Evercore ISI decreased their price objective on shares of Halliburton from $43.00 to $35.00 and set an “outperform” rating for the company in a research note on Wednesday, January 15th. JPMorgan Chase & Co. cut their price objective on shares of Halliburton from $35.00 to $33.00 and set an “overweight” rating on the stock in a research note on Thursday, January 2nd. Finally, Benchmark decreased their target price on shares of Halliburton from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Seven equities 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.com, the company presently has an average rating of “Moderate Buy” and an average price target of $37.42.

Halliburton Trading Down 1.0 %

Shares of NYSE:HAL opened at $25.08 on Friday. The business’s 50 day moving average price is $25.99 and its 200-day moving average price is $27.95. Halliburton has a 1 year low of $23.42 and a 1 year high of $41.56. The firm has a market capitalization of $21.77 billion, a price-to-earnings ratio of 8.86, a price-to-earnings-growth 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were given a $0.17 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.68 annualized dividend and a dividend yield of 2.71%. Halliburton’s dividend payout ratio (DPR) is 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.