Atala Financial Inc Purchases Shares of 13,179 Halliburton (NYSE:HAL)

Atala Financial Inc acquired a new position in Halliburton (NYSE:HAL - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,179 shares of the oilfield services company's stock, valued at approximately $358,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. MidWestOne Financial Group Inc. increased its position in Halliburton by 4.4% during the third quarter. MidWestOne Financial Group Inc. now owns 8,610 shares of the oilfield services company's stock valued at $250,000 after acquiring an additional 359 shares during the last quarter. Public Sector Pension Investment Board grew its holdings in Halliburton by 0.3% during the 3rd quarter. Public Sector Pension Investment Board now owns 154,210 shares of the oilfield services company's stock valued at $4,480,000 after purchasing an additional 390 shares during the last quarter. Brown Brothers Harriman & Co. raised its position in Halliburton by 28.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company's stock worth $51,000 after purchasing an additional 393 shares during the period. HBW Advisory Services LLC lifted its stake in Halliburton by 3.9% in the fourth quarter. HBW Advisory Services LLC now owns 10,504 shares of the oilfield services company's stock worth $286,000 after purchasing an additional 397 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its stake in Halliburton by 34.2% in the third quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company's stock worth $47,000 after purchasing an additional 412 shares during the last quarter. 85.23% of the stock is owned by institutional investors.

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Halliburton Stock Performance

Shares of NYSE:HAL traded down $0.23 on Tuesday, hitting $24.99. The company had a trading volume of 12,605,396 shares, compared to its average volume of 8,533,221. The stock has a 50 day moving average price of $26.50 and a 200 day moving average price of $28.21. The company has a current ratio of 2.05, a quick ratio of 1.54 and a debt-to-equity ratio of 0.68. The stock has a market cap of $21.69 billion, a price-to-earnings ratio of 8.83, a P/E/G ratio of 3.79 and a beta of 1.84. Halliburton has a 1-year low of $23.42 and a 1-year high of $41.56.

Halliburton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date is Wednesday, March 5th. Halliburton's dividend payout ratio is currently 24.03%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Griffin Securities downgraded shares of Halliburton from a "buy" rating to a "neutral" rating in a research note on Friday, December 20th. Barclays reduced their price target on shares of Halliburton from $32.00 to $30.00 and set an "equal weight" rating for the company in a research report on Thursday, January 23rd. Wells Fargo & Company reduced their target price on shares of Halliburton from $39.00 to $34.00 and set an "overweight" rating for the company in a research report on Tuesday, December 17th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $34.00 target price on shares of Halliburton in a research note on Thursday, January 23rd. Finally, Morgan Stanley cut their price objective on Halliburton from $35.00 to $34.00 and set an "overweight" rating for the company in a research report on Monday, November 18th. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat, Halliburton presently has a consensus rating of "Moderate Buy" and a consensus target price of $37.42.

Insider Transactions at Halliburton

In related news, CFO Eric Carre sold 141,206 shares of the business's stock in a transaction on 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 sale, the chief financial officer now owns 127,101 shares in the company, valued at $3,321,149.13. The trade was a 52.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Margaret Katherine Banks sold 3,900 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $24.04, for a total value of $93,756.00. Following the completion of the transaction, 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. Over the last ninety days, insiders have sold 206,782 shares of company stock valued at $5,321,170. 0.61% of the stock is currently owned by company 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.