Aviva PLC Has $6.05 Million Stake in Halliburton (NYSE:HAL)

Aviva PLC increased its position in shares of Halliburton (NYSE:HAL - Free Report) by 557.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 222,487 shares of the oilfield services company's stock after purchasing an additional 188,645 shares during the period. Aviva PLC's holdings in Halliburton were worth $6,049,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Horrell Capital Management Inc. acquired a new position in Halliburton during the fourth quarter worth $33,000. Sierra Ocean LLC acquired a new position in Halliburton in the fourth quarter valued at about $36,000. Continuum Advisory LLC grew its stake 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 during the last quarter. Modus Advisors LLC bought a new position in shares of Halliburton in the fourth quarter valued at approximately $38,000. Finally, Blume Capital Management Inc. boosted its holdings in shares of Halliburton by 33.3% in 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. Institutional investors and hedge funds own 85.23% of the company's stock.

Insider Buying and Selling at Halliburton

In other Halliburton news, CFO Eric Carre sold 141,206 shares of the business's stock in a transaction dated 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 sale, the chief financial officer now directly owns 127,101 shares of the company's stock, valued at $3,321,149.13. The trade was a 52.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Timothy Mckeon sold 10,497 shares of the firm's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $24.60, for a total value of $258,226.20. Following the completion of the transaction, the vice president now owns 77,784 shares of the company's stock, valued at $1,913,486.40. The trade was a 11.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 206,782 shares of company stock valued at $5,321,170 in the last 90 days. 0.61% of the stock is currently owned by company insiders.

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Halliburton Stock Up 3.8 %

Shares of Halliburton stock traded up $0.78 on Friday, hitting $21.05. The company had a trading volume of 13,607,621 shares, compared to its average volume of 9,611,165. Halliburton has a twelve month low of $18.72 and a twelve month 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 stock has a 50-day moving average of $24.67 and a 200-day moving average of $27.36. The firm has a market capitalization of $18.14 billion, a P/E ratio of 7.44, a P/E/G ratio of 3.79 and a beta of 1.45.

Halliburton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 3.23%. The ex-dividend date was Wednesday, March 5th. Halliburton's dividend payout ratio is 24.03%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on HAL. Jefferies Financial Group reduced their price objective on Halliburton from $43.00 to $41.00 and set a "buy" rating on the stock in a research note on Friday, January 3rd. Evercore ISI decreased their price objective on shares of Halliburton from $43.00 to $35.00 and set an "outperform" rating on the stock in a report on Wednesday, January 15th. Raymond James lowered shares of Halliburton from a "strong-buy" rating to a "market perform" rating in a research report on Monday, January 6th. Royal Bank of Canada restated a "sector perform" rating and issued a $34.00 price objective on shares of Halliburton in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. lowered their target price on Halliburton from $35.00 to $33.00 and set an "overweight" rating for the company in a research note on Thursday, January 2nd. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, Halliburton has an average rating of "Moderate Buy" and a consensus price target of $37.37.

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.