Buckingham Capital Management Inc. Acquires 21,059 Shares of Halliburton (NYSE:HAL)

Buckingham Capital Management Inc. boosted its holdings in Halliburton (NYSE:HAL - Free Report) by 40.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,381 shares of the oilfield services company's stock after acquiring an additional 21,059 shares during the quarter. Buckingham Capital Management Inc.'s holdings in Halliburton were worth $1,995,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sierra Ocean LLC bought a new position in Halliburton in the 4th quarter valued at approximately $36,000. Continuum Advisory LLC lifted its position in 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 acquiring an additional 698 shares in the last quarter. Modus Advisors LLC bought a new position in Halliburton in the 4th quarter valued at approximately $38,000. Venturi Wealth Management LLC lifted its holdings in shares of Halliburton by 34.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company's stock valued at $47,000 after buying an additional 412 shares during the period. Finally, Brown Brothers Harriman & Co. lifted its holdings in shares of Halliburton by 28.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company's stock valued at $51,000 after buying an additional 393 shares during the period. 85.23% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on HAL shares. Piper Sandler started coverage on Halliburton in a report on Thursday, December 19th. They set an "overweight" rating and a $36.00 price target on the stock. Susquehanna lowered their price target on Halliburton from $42.00 to $40.00 and set a "positive" rating on the stock in a report on Friday, November 8th. UBS Group cut Halliburton from a "buy" rating to a "neutral" rating and lowered their price target for the company from $36.00 to $34.00 in a report on Monday, December 9th. Jefferies Financial Group lowered their price target on Halliburton from $43.00 to $41.00 and set a "buy" rating on the stock in a report on Friday, January 3rd. Finally, Evercore ISI lowered their price target on Halliburton from $43.00 to $35.00 and set an "outperform" rating on the stock in a report on Wednesday, January 15th. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, Halliburton presently has a consensus rating of "Moderate Buy" and an average target price of $37.42.

Halliburton Price Performance

HAL stock traded down $0.75 during trading on Friday, reaching $26.25. The company's stock had a trading volume of 10,106,921 shares, compared to its average volume of 10,734,410. Halliburton has a 1 year low of $25.16 and a 1 year high of $41.56. The company has a quick ratio of 1.54, a current ratio of 2.05 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $22.78 billion, a P/E ratio of 9.27, a price-to-earnings-growth ratio of 3.76 and a beta of 1.89. The company's fifty day moving average is $27.06 and its 200-day moving average is $28.92.

Halliburton Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.68 dividend on an annualized basis and a yield of 2.59%. Halliburton's payout ratio is presently 24.03%.

Insider Activity

In other news, 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 transaction of $3,689,712.78. Following the completion of the transaction, the chief financial officer now owns 127,101 shares in the company, valued at $3,321,149.13. This trade represents a 52.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.61% of the company's stock.

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.