Bryce Point Capital LLC Makes New $582,000 Investment in Halliburton (NYSE:HAL)

Bryce Point Capital LLC purchased a new position in shares of Halliburton (NYSE:HAL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 21,395 shares of the oilfield services company's stock, valued at approximately $582,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in HAL. Geode Capital Management LLC raised its stake in shares of Halliburton by 4.4% in the 4th quarter. Geode Capital Management LLC now owns 21,538,632 shares of the oilfield services company's stock valued at $584,139,000 after purchasing an additional 908,271 shares in the last quarter. StoneX Group Inc. lifted its holdings in Halliburton by 21.8% during the 4th quarter. StoneX Group Inc. now owns 36,709 shares of the oilfield services company's stock worth $998,000 after buying an additional 6,568 shares during the last quarter. Alliancebernstein L.P. grew its position in shares of Halliburton by 1.7% in the 4th quarter. Alliancebernstein L.P. now owns 1,124,538 shares of the oilfield services company's stock worth $30,576,000 after acquiring an additional 18,787 shares in the last quarter. O Shaughnessy Asset Management LLC increased its holdings in shares of Halliburton by 49.5% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 80,272 shares of the oilfield services company's stock valued at $2,183,000 after acquiring an additional 26,592 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised its position in shares of Halliburton by 33.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 8,065 shares of the oilfield services company's stock valued at $218,000 after acquiring an additional 2,042 shares in the last quarter. Institutional investors own 85.23% of the company's stock.

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Analysts Set New Price Targets

HAL has been the subject of several recent research reports. UBS Group lowered shares of Halliburton from a "buy" rating to a "neutral" rating and lowered their target price for the company from $36.00 to $34.00 in a research note on Monday, December 9th. Benchmark cut 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. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $34.00 target price on shares of Halliburton in a report on Thursday, January 23rd. Griffin Securities downgraded Halliburton from a "buy" rating to a "neutral" rating in a report on Friday, December 20th. Finally, Evercore ISI lowered their price objective on Halliburton from $43.00 to $35.00 and set an "outperform" rating for the company in a research note on Wednesday, January 15th. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $37.37.

Insiders Place Their Bets

In other Halliburton news, CFO Eric Carre sold 141,206 shares of Halliburton stock in a transaction that occurred on Tuesday, February 11th. The shares were 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. The trade was a 52.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Margaret Katherine Banks sold 3,900 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $24.04, for a total value of $93,756.00. Following the sale, the director now owns 10,551 shares of the company's stock, valued at $253,646.04. This trade represents a 26.99 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 206,782 shares of company stock worth $5,321,170. 0.61% of the stock is owned by corporate insiders.

Halliburton Price Performance

NYSE HAL traded down $2.47 on Friday, reaching $19.93. 21,908,588 shares of the stock traded hands, compared to its average volume of 9,374,500. Halliburton has a 12 month low of $19.59 and a 12 month high of $41.56. The company has a market cap of $17.30 billion, a price-to-earnings ratio of 7.04, a P/E/G ratio of 3.79 and a beta of 1.45. The firm's fifty day simple moving average is $25.49 and its 200 day simple moving average is $27.79. The company has a quick ratio of 1.54, a current ratio of 2.05 and a debt-to-equity ratio of 0.68.

Halliburton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date of this dividend was Wednesday, March 5th. Halliburton's payout ratio is currently 24.03%.

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.