Halliburton (NYSE:HAL) Shares Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Halliburton (NYSE:HAL - Free Report) by 84.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 284,937 shares of the oilfield services company's stock after purchasing an additional 130,651 shares during the period. Connor Clark & Lunn Investment Management Ltd.'s holdings in Halliburton were worth $7,747,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of HAL. Venturi Wealth Management LLC raised its stake in Halliburton by 34.2% during the third quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company's stock worth $47,000 after purchasing an additional 412 shares during the period. Aptus Capital Advisors LLC raised its stake in shares of Halliburton by 58.2% in the 3rd quarter. Aptus Capital Advisors LLC now owns 9,622 shares of the oilfield services company's stock valued at $280,000 after acquiring an additional 3,540 shares during the period. Victory Capital Management Inc. raised its stake in shares of Halliburton by 24.5% in the 3rd quarter. Victory Capital Management Inc. now owns 947,191 shares of the oilfield services company's stock valued at $27,516,000 after acquiring an additional 186,538 shares during the period. Oppenheimer & Co. Inc. raised its stake in shares of Halliburton by 8.6% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 132,356 shares of the oilfield services company's stock valued at $3,845,000 after acquiring an additional 10,503 shares during the period. Finally, Huntington National Bank raised its stake in shares of Halliburton by 2.5% in the 3rd quarter. Huntington National Bank now owns 32,280 shares of the oilfield services company's stock valued at $938,000 after acquiring an additional 792 shares during the period. Hedge funds and other institutional investors own 85.23% of the company's stock.

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Halliburton Stock Up 0.2 %

Shares of HAL traded up $0.04 during midday trading on Wednesday, hitting $25.04. The company had a trading volume of 9,786,933 shares, compared to its average volume of 10,936,101. The company's 50 day moving average price is $26.45 and its 200 day moving average price is $28.16. The stock has a market cap of $21.74 billion, a price-to-earnings ratio of 8.85, a PEG ratio of 3.79 and a beta of 1.84. Halliburton has a 52 week low of $23.42 and a 52 week 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.

Halliburton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date is Wednesday, March 5th. Halliburton's dividend payout ratio is presently 24.03%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HAL. 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 research note on Thursday, January 23rd. Barclays cut their target price on shares of Halliburton from $32.00 to $30.00 and set an "equal weight" rating on the stock in a research note on Thursday, January 23rd. Jefferies Financial Group cut their target price on shares of Halliburton from $43.00 to $41.00 and set a "buy" rating on the stock in a research note on Friday, January 3rd. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $34.00 price target on shares of Halliburton in a report on Thursday, January 23rd. Finally, Raymond James downgraded shares of Halliburton from a "strong-buy" rating to a "market perform" rating in a research note on Monday, January 6th. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $37.42.

Insider Activity at Halliburton

In related news, Director Margaret Katherine Banks sold 3,900 shares of the business's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $24.04, for a total transaction of $93,756.00. Following the completion of the sale, the director now 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Eric Carre sold 141,206 shares of the business's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $26.13, for a total transaction of $3,689,712.78. Following the sale, the chief financial officer now directly owns 127,101 shares of the company's stock, valued at approximately $3,321,149.13. This represents a 52.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 206,782 shares of company stock valued at $5,321,170 in the last quarter. Insiders own 0.61% of the company's stock.

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.