TD Waterhouse Canada Inc. Buys 227,736 Shares of Halliburton (NYSE:HAL)

TD Waterhouse Canada Inc. grew its stake in Halliburton (NYSE:HAL) by 73.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 538,876 shares of the oilfield services company’s stock after purchasing an additional 227,736 shares during the quarter. TD Waterhouse Canada Inc. owned approximately 0.06% of Halliburton worth $14,652,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of HAL. Advisory Resource Group lifted its position in Halliburton by 32.8% during the third quarter. Advisory Resource Group now owns 162,758 shares of the oilfield services company’s stock worth $4,728,000 after acquiring an additional 40,182 shares during the last quarter. World Investment Advisors LLC lifted its holdings in Halliburton by 49.5% during the 3rd quarter. World Investment Advisors LLC now owns 9,161 shares of the oilfield services company’s stock worth $266,000 after purchasing an additional 3,032 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Halliburton in the 3rd quarter valued at $358,000. Franklin Resources Inc. grew its holdings in Halliburton by 244.5% in the 3rd 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 in the last quarter. Finally, Retirement Systems of Alabama increased its position in Halliburton by 0.3% during the 3rd quarter. Retirement Systems of Alabama now owns 195,873 shares of the oilfield services company’s stock worth $5,690,000 after buying an additional 587 shares during the period. Institutional investors and hedge funds own 85.23% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on HAL shares. Stifel Nicolaus reduced their target price on shares of Halliburton from $42.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Susquehanna dropped their price target on shares of Halliburton from $35.00 to $32.00 and set a “positive” rating for the company in a research report on Monday, April 14th. Benchmark reduced their price target on Halliburton from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. Jefferies Financial Group dropped their price objective on Halliburton from $43.00 to $41.00 and set a “buy” rating for the company in a report on Friday, January 3rd. Finally, Barclays reduced their target price on Halliburton from $30.00 to $29.00 and set an “equal weight” rating on the stock in a report on Monday, March 31st. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $36.95.

Halliburton Stock Down 2.8 %

Shares of HAL opened at $21.91 on Tuesday. The company has a market capitalization of $18.89 billion, a PE ratio of 7.74, a PEG ratio of 3.79 and a beta of 1.45. The stock’s 50-day moving average price is $24.18 and its two-hundred day moving average price is $27.02. The company has a current ratio of 2.05, a quick ratio of 1.54 and a debt-to-equity ratio of 0.68. Halliburton has a 12 month low of $18.72 and a 12 month high of $39.37.

Halliburton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend was Wednesday, March 5th. Halliburton’s payout ratio is presently 24.03%.

Insiders Place Their Bets

In other news, CFO Eric Carre sold 51,179 shares of the business’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $25.00, for a total value of $1,279,475.00. Following the transaction, the chief financial officer now directly owns 127,101 shares of the company’s stock, 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 Securities & Exchange Commission, which is available through this link. Also, Director Margaret Katherine Banks sold 3,900 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $24.04, for a total value of $93,756.00. Following the sale, the director now directly owns 10,551 shares of the company’s stock, valued at $253,646.04. This represents a 26.99 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 206,782 shares of company stock worth $5,321,170. 0.61% of the stock is currently owned by 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.