Black Cypress Capital Management LLC Has $5.74 Million Holdings in Halliburton (NYSE:HAL)

Black Cypress Capital Management LLC raised its stake in shares of Halliburton (NYSE:HAL - Free Report) by 18.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 211,078 shares of the oilfield services company's stock after purchasing an additional 32,517 shares during the quarter. Halliburton comprises 5.0% of Black Cypress Capital Management LLC's holdings, making the stock its 7th biggest position. Black Cypress Capital Management LLC's holdings in Halliburton were worth $5,739,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in HAL. Horrell Capital Management Inc. acquired a new stake in shares of Halliburton during the 4th quarter worth approximately $33,000. Sierra Ocean LLC acquired a new position in shares of Halliburton during the 4th quarter valued at about $36,000. Continuum Advisory LLC grew its stake in shares of Halliburton by 101.2% in the 3rd quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company's stock valued at $42,000 after buying an additional 698 shares during the period. Modus Advisors LLC acquired a new stake in Halliburton during the fourth quarter worth $38,000. Finally, Blume Capital Management Inc. raised its holdings in Halliburton by 33.3% in the 4th quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company's stock valued at $44,000 after buying an additional 400 shares during the period. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Halliburton

In related news, Director Margaret Katherine Banks sold 3,900 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 10,551 shares of the company's stock, valued at $253,646.04. This represents a 26.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Timothy Mckeon sold 10,497 shares of Halliburton stock in a transaction on Friday, March 7th. The shares were sold at an average price of $24.60, for a total value of $258,226.20. Following the sale, the vice president now directly owns 77,784 shares in the company, 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 over the last three months. 0.61% of the stock is owned by company insiders.

Remove Ads

Analysts Set New Price Targets

Several analysts recently weighed in on HAL shares. Royal Bank of Canada reiterated a "sector perform" rating and issued a $34.00 target price on shares of Halliburton in a report on Thursday, January 23rd. Barclays cut their price target on shares of Halliburton from $30.00 to $29.00 and set an "equal weight" rating on the stock in a research note on Monday, March 31st. Susquehanna dropped their price objective on shares of Halliburton from $35.00 to $32.00 and set a "positive" rating for the company in a report on Monday. Benchmark reduced their target price on shares of Halliburton from $40.00 to $35.00 and set a "buy" rating on the stock in a report on Thursday, January 23rd. Finally, Piper Sandler initiated coverage on Halliburton in a report on Thursday, December 19th. They issued an "overweight" rating and a $36.00 target price on the stock. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $36.95.

Halliburton Trading Up 2.9 %

Halliburton stock traded up $0.61 during trading on Wednesday, reaching $21.86. The company had a trading volume of 3,723,653 shares, compared to its average volume of 12,114,640. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05. The firm has a market capitalization of $18.84 billion, a price-to-earnings ratio of 7.72, a PEG ratio of 3.79 and a beta of 1.45. Halliburton has a 12-month low of $18.72 and a 12-month high of $39.37. The stock's 50 day moving average price is $24.48 and its two-hundred day moving average price is $27.27.

Halliburton Announces Dividend

The firm 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. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date of this dividend was Wednesday, March 5th. Halliburton's dividend payout ratio is presently 24.03%.

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.