Generali Asset Management SPA SGR Acquires Shares of 180,801 Halliburton (NYSE:HAL)

Generali Asset Management SPA SGR bought a new position in shares of Halliburton (NYSE:HAL - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 180,801 shares of the oilfield services company's stock, valued at approximately $4,916,000.

Several other hedge funds have also recently made changes to their positions in HAL. Sierra Ocean LLC acquired a new position in Halliburton in the fourth quarter valued at approximately $36,000. Modus Advisors LLC acquired a new position in shares of Halliburton in the 4th quarter valued at $38,000. Continuum Advisory LLC boosted its holdings in Halliburton by 101.2% during the third quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company's stock worth $42,000 after buying an additional 698 shares in the last quarter. Blume Capital Management Inc. boosted its stake in shares of Halliburton by 33.3% during 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 in the last quarter. Finally, Brown Brothers Harriman & Co. boosted its position in Halliburton by 28.8% during the third 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 in the last quarter. 85.23% of the stock is owned by institutional investors and hedge funds.

Halliburton Stock Down 1.0 %

Shares of NYSE HAL traded down $0.24 during midday trading on Friday, hitting $24.75. The company's stock had a trading volume of 56,966,351 shares, compared to its average volume of 8,804,694. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 1.54. The firm has a market capitalization of $21.48 billion, a price-to-earnings ratio of 8.74, a price-to-earnings-growth ratio of 3.79 and a beta of 1.84. The business's fifty day simple moving average is $26.32 and its two-hundred day simple moving average is $28.06. Halliburton has a 1 year low of $23.42 and a 1 year high of $41.56.

Remove Ads

Halliburton Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.68 annualized dividend and a dividend yield of 2.75%. Halliburton's dividend payout ratio (DPR) is 24.03%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Wells Fargo & Company reduced their price objective on Halliburton from $39.00 to $34.00 and set an "overweight" rating for the company in a research note on Tuesday, December 17th. Piper Sandler began coverage on Halliburton in a report on Thursday, December 19th. They set an "overweight" rating and a $36.00 price target on the stock. Griffin Securities lowered shares of Halliburton from a "buy" rating to a "neutral" rating in a report on Friday, December 20th. JPMorgan Chase & Co. reduced their target price 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 dropped their price target on shares of Halliburton from $40.00 to $35.00 and set a "buy" rating for the company in a research note on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat, Halliburton currently has an average rating of "Moderate Buy" and an average price target of $37.42.

Insider Transactions at Halliburton

In other Halliburton news, CFO Eric Carre sold 141,206 shares of the business's stock in a transaction that occurred on 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 transaction, 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Timothy Mckeon sold 10,497 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $24.60, for a total transaction of $258,226.20. Following the completion of the sale, the vice president now directly owns 77,784 shares in the company, valued at approximately $1,913,486.40. This represents a 11.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 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.