Bank of Montreal Can Has $26.08 Million Stock Holdings in Halliburton (NYSE:HAL)

Bank of Montreal Can increased its stake in shares of Halliburton (NYSE:HAL - Free Report) by 6.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 959,324 shares of the oilfield services company's stock after purchasing an additional 57,116 shares during the quarter. Bank of Montreal Can owned approximately 0.11% of Halliburton worth $26,084,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of HAL. Geode Capital Management LLC grew its position in shares of Halliburton by 4.4% during 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. boosted its position in shares of Halliburton by 10.4% during the fourth quarter. Pacer Advisors Inc. now owns 18,530,937 shares of the oilfield services company's stock worth $503,856,000 after buying an additional 1,748,763 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in Halliburton by 15.6% in 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 buying an additional 2,171,722 shares in the last quarter. Amundi raised its stake in Halliburton by 22.2% during 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 position in shares of Halliburton in the fourth quarter worth $299,986,000. Hedge funds and other institutional investors own 85.23% of the company's stock.

Remove Ads

Insider Transactions at Halliburton

In other news, Director Margaret Katherine Banks sold 3,900 shares of Halliburton stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $24.04, for a total value of $93,756.00. Following the completion of the sale, the director now directly owns 10,551 shares of the company's stock, valued at approximately $253,646.04. This trade represents a 26.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Eric Carre sold 51,179 shares of the business's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $25.00, for a total value of $1,279,475.00. Following the sale, the chief financial officer now directly owns 127,101 shares of the company's stock, valued at $3,177,525. This represents a 28.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 206,782 shares of company stock valued at $5,321,170. 0.61% of the stock is owned by insiders.

Halliburton Price Performance

Shares of HAL traded up $0.44 during mid-day trading on Wednesday, reaching $21.69. The company had a trading volume of 1,675,333 shares, compared to its average volume of 9,602,173. 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 has a market capitalization of $18.69 billion, a P/E ratio of 7.64, a P/E/G ratio of 3.79 and a beta of 1.45. Halliburton has a twelve month low of $18.72 and a twelve month high of $39.37. The company's 50-day moving average is $24.48 and its 200-day moving average is $27.27.

Halliburton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders 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 annualized dividend and a dividend yield of 3.14%. Halliburton's dividend payout ratio is presently 24.03%.

Wall Street Analyst Weigh In

A number of research firms recently commented on HAL. Royal Bank of Canada reiterated a "sector perform" rating and set a $34.00 price objective on shares of Halliburton in a research note on Thursday, January 23rd. Raymond James downgraded shares of Halliburton from a "strong-buy" rating to a "market perform" rating in a report on Monday, January 6th. Jefferies Financial Group cut their price objective on Halliburton from $43.00 to $41.00 and set a "buy" rating for the company in a research report on Friday, January 3rd. Piper Sandler initiated coverage on Halliburton in a report on Thursday, December 19th. They set an "overweight" rating and a $36.00 target price for the company. Finally, Benchmark dropped their price target on Halliburton from $40.00 to $35.00 and set a "buy" rating on the stock in a research note on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $36.95.

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.