Allianz SE Invests $1.18 Million in Halliburton (NYSE:HAL)

Allianz SE acquired a new position in shares of Halliburton (NYSE:HAL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 43,624 shares of the oilfield services company's stock, valued at approximately $1,177,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Horrell Capital Management Inc. acquired a new position in Halliburton during the fourth quarter worth approximately $33,000. Sierra Ocean LLC purchased a new stake in Halliburton during the 4th quarter valued at approximately $36,000. Modus Advisors LLC acquired a new stake in Halliburton during the 4th quarter worth approximately $38,000. Continuum Advisory LLC raised its stake in shares of 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 purchasing an additional 698 shares during the last quarter. Finally, Blume Capital Management Inc. boosted its holdings in shares of Halliburton by 33.3% in the fourth quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company's stock valued at $44,000 after acquiring an additional 400 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company's stock.

Insider Activity

In related news, CFO Eric Carre sold 141,206 shares of the stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 127,101 shares of the company's stock, valued at approximately $3,321,149.13. This represents a 52.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Timothy Mckeon sold 10,497 shares of the company's stock in a transaction dated 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 of the company's stock, valued at $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 sold 206,782 shares of company stock worth $5,321,170. Insiders own 0.61% of the company's stock.

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Halliburton Stock Performance

HAL stock traded down $2.92 during mid-day trading on Thursday, reaching $22.78. 6,792,047 shares of the stock traded hands, compared to its average volume of 11,504,612. The firm has a market capitalization of $19.78 billion, a PE ratio of 8.05, a P/E/G ratio of 3.79 and a beta of 1.84. Halliburton has a 52 week low of $22.66 and a 52 week high of $41.56. The business has a 50-day moving average of $25.76 and a two-hundred day moving average of $27.90. The company has a quick ratio of 1.54, a current ratio of 2.05 and a debt-to-equity ratio of 0.68.

Halliburton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were paid a $0.17 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.99%. Halliburton's payout ratio is 24.03%.

Analyst Ratings Changes

HAL has been the topic of several recent research reports. Wells Fargo & Company decreased their price objective on shares of Halliburton from $39.00 to $34.00 and set an "overweight" rating on the stock in a research report on Tuesday, December 17th. UBS Group downgraded Halliburton from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $36.00 to $34.00 in a research report on Monday, December 9th. Royal Bank of Canada reissued a "sector perform" rating and issued a $34.00 price objective on shares of Halliburton in a research report on Thursday, January 23rd. Griffin Securities lowered shares of Halliburton from a "buy" rating to a "neutral" rating in a research report on Friday, December 20th. Finally, Piper Sandler initiated coverage on shares of Halliburton in a research note on Thursday, December 19th. They set an "overweight" rating and a $36.00 target price for the company. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $37.37.

Halliburton 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.