12,445 Shares in Halliburton (NYSE:HAL) Bought by Callan Family Office LLC

Callan Family Office LLC purchased a new position in Halliburton (NYSE:HAL - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 12,445 shares of the oilfield services company's stock, valued at approximately $338,000.

Other large investors also recently made changes to their positions in the company. Sierra Ocean LLC bought a new position in shares of Halliburton in the 4th quarter valued at approximately $36,000. Modus Advisors LLC acquired a new position in Halliburton during the fourth quarter valued at approximately $38,000. Continuum Advisory LLC raised its position in shares of Halliburton by 101.2% in the third quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company's stock valued at $42,000 after purchasing an additional 698 shares during the period. Venturi Wealth Management LLC lifted its stake in shares of Halliburton by 34.2% in the third quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company's stock worth $47,000 after buying an additional 412 shares during the last quarter. Finally, Brown Brothers Harriman & Co. boosted 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 worth $51,000 after buying an additional 393 shares during the period. Institutional investors own 85.23% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on HAL. UBS Group downgraded shares of Halliburton from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $36.00 to $34.00 in a report on Monday, December 9th. Morgan Stanley dropped their price objective on Halliburton from $35.00 to $34.00 and set an "overweight" rating on the stock in a research note on Monday, November 18th. Stifel Nicolaus cut their price objective on Halliburton from $42.00 to $37.00 and set a "buy" rating for the company in a research report on Thursday, January 23rd. Raymond James lowered Halliburton from a "strong-buy" rating to a "market perform" rating in a report on Monday, January 6th. Finally, Griffin Securities downgraded Halliburton from a "buy" rating to a "neutral" rating in a research report on Friday, December 20th. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, Halliburton currently has an average rating of "Moderate Buy" and a consensus price target of $37.42.

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Insider Activity

In other news, Director Margaret Katherine Banks sold 3,900 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $24.04, for a total transaction of $93,756.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Eric Carre sold 141,206 shares of the business's stock in a transaction that occurred on 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 of the company's stock, valued at $3,321,149.13. This trade represents a 52.63 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 155,603 shares of company stock worth $4,041,695. Corporate insiders own 0.61% of the company's stock.

Halliburton Price Performance

HAL traded down $0.42 during midday trading on Thursday, reaching $24.29. 9,997,064 shares of the company's stock were exchanged, compared to its average volume of 10,988,942. Halliburton has a one year low of $23.42 and a one year high of $41.56. The firm has a market capitalization of $21.08 billion, a price-to-earnings ratio of 8.58, a price-to-earnings-growth ratio of 3.79 and a beta of 1.84. The business has a 50-day simple moving average of $26.60 and a two-hundred day simple moving average of $28.34. 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 business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.17 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.80%. Halliburton's payout ratio is presently 24.03%.

Halliburton 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.