22,774 Shares in Halliburton (NYSE:HAL) Acquired by Sowell Financial Services LLC

Sowell Financial Services LLC purchased a new stake in shares of Halliburton (NYSE:HAL - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 22,774 shares of the oilfield services company's stock, valued at approximately $619,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HAL. Mediolanum International Funds Ltd boosted its position 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 during the period. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Halliburton by 3.7% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,257,250 shares of the oilfield services company's stock valued at $61,375,000 after acquiring an additional 80,567 shares during the period. Congress Asset Management Co. bought a new position in Halliburton in the fourth quarter worth $621,000. Massachusetts Wealth Management lifted its position in Halliburton by 180.9% in 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. Finally, Pacer Advisors Inc. lifted its position in Halliburton by 23.1% in the third quarter. Pacer Advisors Inc. now owns 16,782,174 shares of the oilfield services company's stock worth $487,522,000 after purchasing an additional 3,150,986 shares during the period. Institutional investors and hedge funds own 85.23% of the company's stock.

Halliburton Trading Down 1.0 %

NYSE HAL opened at $24.64 on Wednesday. The stock has a market capitalization of $21.39 billion, a price-to-earnings ratio of 8.71, a PEG ratio of 3.79 and a beta of 1.84. The stock's 50 day moving average price is $26.72 and its two-hundred day moving average price is $28.39. 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 $23.42 and a 52 week high of $41.56.

Halliburton Dividend Announcement

The company also recently announced 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. This represents a $0.68 annualized dividend and a yield of 2.76%. The ex-dividend date is Wednesday, March 5th. Halliburton's payout ratio is 24.03%.

Wall Street Analyst Weigh In

HAL has been the subject of several research reports. Benchmark reduced their target price on Halliburton from $40.00 to $35.00 and set a "buy" rating for the company in a research report on Thursday, January 23rd. UBS Group lowered Halliburton from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $36.00 to $34.00 in a research note on Monday, December 9th. Griffin Securities lowered Halliburton from a "buy" rating to a "neutral" rating in a research note on Friday, December 20th. Morgan Stanley dropped their price objective on Halliburton from $35.00 to $34.00 and set an "overweight" rating for the company in a research note on Monday, November 18th. Finally, 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 research note on Friday, January 3rd. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $37.42.

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Insider Buying and Selling at Halliburton

In other Halliburton news, Director Margaret Katherine Banks sold 3,900 shares of the business'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 transaction of $93,756.00. Following the transaction, the director now owns 10,551 shares of the company's stock, valued at $253,646.04. The trade was a 26.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Timothy Mckeon sold 10,497 shares of the business's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $24.60, for a total value of $258,226.20. Following the transaction, the vice president now directly owns 77,784 shares in the company, valued at $1,913,486.40. The trade was a 11.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 155,603 shares of company stock worth $4,041,695. Corporate insiders own 0.61% of the company's stock.

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.

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