Union Bancaire Privee UBP SA Buys New Position in Halliburton (NYSE:HAL)

Union Bancaire Privee UBP SA purchased a new stake in Halliburton (NYSE:HAL) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 12,927 shares of the oilfield services company’s stock, valued at approximately $351,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Delta Financial Group Inc. acquired a new stake in shares of Halliburton during the 4th quarter worth approximately $277,000. Arcadia Investment Management Corp MI grew its holdings in Halliburton by 3.4% in the fourth quarter. Arcadia Investment Management Corp MI now owns 51,890 shares of the oilfield services company’s stock worth $1,411,000 after purchasing an additional 1,685 shares during the period. Ieq Capital LLC grew its holdings in Halliburton by 21.5% in the fourth quarter. Ieq Capital LLC now owns 51,330 shares of the oilfield services company’s stock worth $1,396,000 after purchasing an additional 9,072 shares during the period. Bryn Mawr Capital Management LLC increased its stake in Halliburton by 20.0% in the fourth quarter. Bryn Mawr Capital Management LLC now owns 11,334 shares of the oilfield services company’s stock valued at $308,000 after purchasing an additional 1,888 shares in the last quarter. Finally, Alberta Investment Management Corp acquired a new position in shares of Halliburton during the fourth quarter valued at about $2,978,000. 85.23% of the stock is owned by institutional investors and hedge funds.

Halliburton Stock Performance

Shares of HAL opened at $26.76 on Tuesday. The stock has a 50 day moving average of $27.04 and a 200 day moving average of $28.87. The company has a market capitalization of $23.23 billion, a price-to-earnings ratio of 9.45, a PEG ratio of 3.79 and a beta of 1.89. Halliburton has a 12 month low of $25.16 and a 12 month high of $41.56. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.54%. The ex-dividend date is Wednesday, March 5th. Halliburton’s dividend payout ratio is presently 24.03%.

Insider Transactions at Halliburton

In related news, CFO Eric Carre sold 141,206 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $26.13, for a total transaction of $3,689,712.78. Following the completion of the sale, the chief financial officer now owns 127,101 shares in the company, valued at approximately $3,321,149.13. This trade represents a 52.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

HAL has been the subject of a number of research analyst reports. Evercore ISI decreased their target price on Halliburton from $43.00 to $35.00 and set an “outperform” rating for the company in a research report on Wednesday, January 15th. Barclays decreased their price objective on Halliburton from $32.00 to $30.00 and set an “equal weight” rating for the company in a report on Thursday, January 23rd. UBS Group cut Halliburton from a “buy” rating to a “neutral” rating and cut their target price for the stock from $36.00 to $34.00 in a report on Monday, December 9th. Susquehanna decreased their price target on shares of Halliburton from $42.00 to $40.00 and set a “positive” rating for the company in a research note on Friday, November 8th. Finally, Jefferies Financial Group lowered their price objective on shares of Halliburton from $43.00 to $41.00 and set a “buy” rating on the stock in a report on Friday, January 3rd. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Halliburton has an average rating of “Moderate Buy” and an average price target 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.