Asset Management One Co. Ltd. Purchases 14,215 Shares of Halliburton (NYSE:HAL)

Asset Management One Co. Ltd. lifted its stake in shares of Halliburton (NYSE:HAL - Free Report) by 4.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 348,698 shares of the oilfield services company's stock after buying an additional 14,215 shares during the period. Asset Management One Co. Ltd.'s holdings in Halliburton were worth $9,342,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Van ECK Associates Corp raised its holdings in Halliburton by 31.3% in the 4th quarter. Van ECK Associates Corp now owns 5,100,693 shares of the oilfield services company's stock valued at $138,688,000 after buying an additional 1,214,586 shares during the last quarter. Great Lakes Retirement Inc. increased its position in Halliburton by 18.4% in the 4th quarter. Great Lakes Retirement Inc. now owns 23,907 shares of the oilfield services company's stock valued at $650,000 after acquiring an additional 3,723 shares during the period. Quent Capital LLC lifted its holdings in shares of Halliburton by 261.1% during the fourth quarter. Quent Capital LLC now owns 2,246 shares of the oilfield services company's stock worth $61,000 after purchasing an additional 1,624 shares during the period. Eukles Asset Management grew its stake in shares of Halliburton by 6.2% in the fourth quarter. Eukles Asset Management now owns 12,296 shares of the oilfield services company's stock worth $334,000 after purchasing an additional 713 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. acquired a new stake in Halliburton in the fourth quarter valued at $52,000. 85.23% of the stock is currently owned by institutional investors.

Halliburton Stock Down 2.8 %

Shares of NYSE:HAL traded down $0.75 during trading on Friday, reaching $26.25. 10,106,921 shares of the stock were exchanged, compared to its average volume of 10,734,410. Halliburton has a 1-year low of $25.16 and a 1-year high of $41.56. The stock has a fifty day moving average of $27.06 and a two-hundred day moving average of $28.92. 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 cap of $22.78 billion, a price-to-earnings ratio of 9.27, a price-to-earnings-growth ratio of 3.76 and a beta of 1.89.

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 paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date is Wednesday, March 5th. Halliburton's dividend payout ratio (DPR) is 24.03%.

Insider Activity

In other news, CFO Eric Carre sold 141,206 shares of the firm's stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $26.13, for a total value of $3,689,712.78. Following the transaction, the chief financial officer now owns 127,101 shares in the company, valued at $3,321,149.13. This trade represents a 52.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.61% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Royal Bank of Canada reiterated a "sector perform" rating and issued a $34.00 price target on shares of Halliburton in a research report on Thursday, January 23rd. Griffin Securities cut Halliburton from a "buy" rating to a "neutral" rating in a report on Friday, December 20th. Susquehanna lowered their price target on shares of Halliburton from $42.00 to $40.00 and set a "positive" rating for the company in a report on Friday, November 8th. Barclays reduced their price objective on shares of Halliburton from $32.00 to $30.00 and set an "equal weight" rating on the stock in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. lowered their target price on shares of Halliburton from $35.00 to $33.00 and set an "overweight" rating for the company in a research note on Thursday, January 2nd. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $37.42.

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.