Aster Capital Management DIFC Ltd Purchases Shares of 26,984 Halliburton (NYSE:HAL)

Aster Capital Management DIFC Ltd purchased a new stake in shares of Halliburton (NYSE:HAL - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 26,984 shares of the oilfield services company's stock, valued at approximately $734,000.

Several other institutional investors also recently added to or reduced their stakes in HAL. Geode Capital Management LLC grew its stake in shares of Halliburton by 4.4% in the fourth quarter. Geode Capital Management LLC now owns 21,538,632 shares of the oilfield services company's stock worth $584,139,000 after acquiring an additional 908,271 shares during the last quarter. Pacer Advisors Inc. grew its position in Halliburton by 10.4% in the 4th quarter. Pacer Advisors Inc. now owns 18,530,937 shares of the oilfield services company's stock worth $503,856,000 after purchasing an additional 1,748,763 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of Halliburton by 15.6% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 16,093,680 shares of the oilfield services company's stock worth $437,587,000 after purchasing an additional 2,171,722 shares during the period. Amundi raised its holdings in Halliburton by 22.2% in the 4th quarter. Amundi now owns 13,068,025 shares of the oilfield services company's stock valued at $353,242,000 after acquiring an additional 2,378,043 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Halliburton during the fourth quarter valued at approximately $299,986,000. 85.23% of the stock is owned by institutional investors.

Halliburton Trading Down 8.7 %

Shares of NYSE HAL traded down $1.93 during midday trading on Thursday, hitting $20.14. The stock had a trading volume of 7,201,718 shares, compared to its average volume of 9,524,924. The firm has a market cap of $17.36 billion, a P/E ratio of 7.15, a price-to-earnings-growth ratio of 3.79 and a beta of 1.45. Halliburton has a fifty-two week low of $18.72 and a fifty-two week high of $41.55. 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 company's 50-day simple moving average is $24.88 and its 200 day simple moving average is $27.49.

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Halliburton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were issued a dividend of $0.17 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.68 annualized dividend and a yield of 3.38%. Halliburton's dividend payout ratio is currently 24.03%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on HAL. Piper Sandler started coverage on Halliburton in a research report on Thursday, December 19th. They issued an "overweight" rating and a $36.00 target price for the company. Griffin Securities lowered shares of Halliburton from a "buy" rating to a "neutral" rating in a research report on Friday, December 20th. Evercore ISI decreased their price objective on Halliburton from $43.00 to $35.00 and set an "outperform" rating on the stock in a report on Wednesday, January 15th. JPMorgan Chase & Co. dropped their target price on Halliburton from $35.00 to $33.00 and set an "overweight" rating for the company in a report on Thursday, January 2nd. Finally, Stifel Nicolaus decreased their price target on Halliburton from $42.00 to $37.00 and set a "buy" rating on the stock in a research note on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $37.37.

Insider Buying and Selling at Halliburton

In related news, 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 completion of the sale, the vice president now 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Eric Carre sold 141,206 shares of the firm's stock in a transaction dated 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 approximately $3,321,149.13. This trade represents a 52.63 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 206,782 shares of company stock worth $5,321,170. Company 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.