Fox Run Management L.L.C. Purchases New Shares in Halliburton (NYSE:HAL)

Fox Run Management L.L.C. purchased a new stake in Halliburton (NYSE:HAL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 32,989 shares of the oilfield services company's stock, valued at approximately $897,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in Halliburton by 0.8% during the third quarter. Geode Capital Management LLC now owns 20,630,361 shares of the oilfield services company's stock worth $597,234,000 after buying an additional 172,505 shares during the last quarter. Pacer Advisors Inc. boosted its position in Halliburton by 10.4% during the fourth quarter. Pacer Advisors Inc. now owns 18,530,937 shares of the oilfield services company's stock worth $503,856,000 after purchasing an additional 1,748,763 shares during the period. Amundi grew its holdings in Halliburton by 22.2% during the fourth quarter. Amundi now owns 13,068,025 shares of the oilfield services company's stock valued at $353,242,000 after purchasing an additional 2,378,043 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Halliburton by 2.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,742,352 shares of the oilfield services company's stock worth $166,815,000 after acquiring an additional 115,504 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Halliburton by 3.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,435,299 shares of the oilfield services company's stock worth $147,786,000 after acquiring an additional 187,150 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company's stock.

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Analyst Upgrades and Downgrades

Several research analysts have commented on HAL shares. Jefferies Financial Group dropped their price target on Halliburton from $43.00 to $41.00 and set a "buy" rating on the stock in a research report on Friday, January 3rd. Wells Fargo & Company reduced their price objective on Halliburton from $39.00 to $34.00 and set an "overweight" rating for the company in a research report on Tuesday, December 17th. Stifel Nicolaus cut their target price on Halliburton from $42.00 to $37.00 and set a "buy" rating for the company in a research note on Thursday, January 23rd. JPMorgan Chase & Co. decreased their price target on shares of Halliburton from $35.00 to $33.00 and set an "overweight" rating on the stock in a research note on Thursday, January 2nd. Finally, Griffin Securities lowered shares of Halliburton from a "buy" rating to a "neutral" rating in a research report on Friday, December 20th. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $37.42.

Halliburton Trading Up 0.2 %

NYSE HAL traded up $0.05 during trading on Tuesday, reaching $25.65. 9,014,754 shares of the stock traded hands, compared to its average volume of 8,832,648. The stock's 50-day moving average price is $26.28 and its 200 day moving average price is $28.03. 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 firm has a market cap of $22.27 billion, a price-to-earnings ratio of 9.06, a price-to-earnings-growth ratio of 3.79 and a beta of 1.84. Halliburton has a fifty-two week low of $23.42 and a fifty-two week high of $41.56.

Halliburton Dividend Announcement

The firm also recently announced 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 is Wednesday, March 5th. This represents a $0.68 dividend on an annualized basis and a yield of 2.65%. Halliburton's payout ratio is 24.03%.

Insider Buying and Selling at Halliburton

In other news, VP Timothy Mckeon sold 10,497 shares of the company's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $24.60, for a total transaction of $258,226.20. Following the completion of the transaction, the vice president now directly owns 77,784 shares of the company's stock, valued at $1,913,486.40. This represents a 11.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Eric Carre sold 141,206 shares of Halliburton stock in a transaction on 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 completion of the sale, the chief financial officer now owns 127,101 shares in the company, valued at $3,321,149.13. The trade was a 52.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 206,782 shares of company stock valued at $5,321,170. 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.