Venturi Wealth Management LLC Buys 1,915 Shares of Halliburton (NYSE:HAL)

Venturi Wealth Management LLC increased its position in shares of Halliburton (NYSE:HAL) by 118.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,533 shares of the oilfield services company’s stock after buying an additional 1,915 shares during the period. Venturi Wealth Management LLC’s holdings in Halliburton were worth $96,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mediolanum International Funds Ltd grew its stake in shares of Halliburton by 48.2% in the fourth quarter. Mediolanum International Funds Ltd now owns 71,797 shares of the oilfield services company’s stock valued at $1,931,000 after acquiring an additional 23,340 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in Halliburton by 3.7% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,257,250 shares of the oilfield services company’s stock worth $61,375,000 after purchasing an additional 80,567 shares in the last quarter. Congress Asset Management Co. bought a new stake in Halliburton in the 4th quarter valued at about $621,000. Cary Street Partners Asset Management LLC grew its position in shares of Halliburton by 56.5% during the 3rd quarter. Cary Street Partners Asset Management LLC now owns 157,085 shares of the oilfield services company’s stock worth $4,563,000 after purchasing an additional 56,707 shares in the last quarter. Finally, Massachusetts Wealth Management increased its holdings in shares of Halliburton by 180.9% during the fourth quarter. Massachusetts Wealth Management now owns 43,675 shares of the oilfield services company’s stock worth $1,188,000 after purchasing an additional 28,125 shares during the period. 85.23% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Halliburton news, CFO Eric Carre sold 141,206 shares of the stock in a transaction dated 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 completion of the sale, the chief financial officer now directly owns 127,101 shares in the company, 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 is accessible through this link. 0.61% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

HAL has been the topic of a number of analyst reports. Royal Bank of Canada reissued a “sector perform” rating and set a $34.00 price target on shares of Halliburton in a research report on Thursday, January 23rd. Evercore ISI reduced their target price on Halliburton from $43.00 to $35.00 and set an “outperform” rating on the stock in a report on Wednesday, January 15th. UBS Group cut Halliburton from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $36.00 to $34.00 in a research report on Monday, December 9th. Griffin Securities lowered shares of Halliburton from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. Finally, Morgan Stanley cut their price target on shares of Halliburton from $35.00 to $34.00 and set an “overweight” rating for the company in a report on Monday, November 18th. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $37.42.

Halliburton Trading Down 2.8 %

Shares of NYSE HAL opened at $26.25 on Monday. The stock has a market cap of $22.78 billion, a P/E ratio of 9.27, a price-to-earnings-growth ratio of 3.79 and a beta of 1.89. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05. Halliburton has a 52-week low of $25.16 and a 52-week high of $41.56. The firm has a 50 day moving average price of $27.06 and a two-hundred day moving average price of $28.90.

Halliburton Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Wednesday, March 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.59%. Halliburton’s dividend payout ratio (DPR) is 24.03%.

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.