Generali Investments CEE investicni spolecnost a.s. Purchases New Stake in Halliburton (NYSE:HAL)

Generali Investments CEE investicni spolecnost a.s. bought a new stake in Halliburton (NYSE:HAL - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 44,900 shares of the oilfield services company's stock, valued at approximately $1,221,000.

Other large investors also recently bought and sold shares of the company. Geode Capital Management LLC grew its stake in shares of Halliburton by 0.8% in 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 acquiring an additional 172,505 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of 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 last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Halliburton by 2.1% in the third 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 valued at $166,815,000 after buying an additional 115,504 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in Halliburton by 22.0% in the third quarter. Thrivent Financial for Lutherans now owns 5,520,383 shares of the oilfield services company's stock valued at $160,367,000 after purchasing an additional 995,649 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Halliburton by 3.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,435,299 shares of the oilfield services company's stock worth $147,786,000 after purchasing 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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Halliburton Stock Performance

Shares of Halliburton stock traded up $0.06 during trading hours on Wednesday, reaching $24.72. The company's stock had a trading volume of 7,735,528 shares, compared to its average volume of 11,009,847. The stock has a market cap of $21.46 billion, a P/E ratio of 8.73, a price-to-earnings-growth ratio of 3.79 and a beta of 1.84. The company's 50 day simple moving average is $26.72 and its 200 day simple moving average is $28.39. Halliburton has a one year low of $23.42 and a one year high of $41.56. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05.

Halliburton Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be issued 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 dividend yield of 2.75%. Halliburton's dividend payout ratio (DPR) is presently 24.03%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Morgan Stanley cut their target price on Halliburton from $35.00 to $34.00 and set an "overweight" rating for the company in a research note on Monday, November 18th. Wells Fargo & Company cut their price objective on shares of Halliburton from $39.00 to $34.00 and set an "overweight" rating for the company in a research report on Tuesday, December 17th. Barclays dropped their price target on shares of Halliburton from $32.00 to $30.00 and set an "equal weight" rating for the company in a research report on Thursday, January 23rd. UBS Group downgraded Halliburton from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $36.00 to $34.00 in a report on Monday, December 9th. Finally, Evercore ISI lowered their price target on Halliburton from $43.00 to $35.00 and set an "outperform" rating for the company in a report on Wednesday, January 15th. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $37.42.

Insider Buying and Selling at Halliburton

In other Halliburton news, CFO Eric Carre sold 141,206 shares of the stock in a transaction 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 directly owns 127,101 shares of the company's stock, valued at approximately $3,321,149.13. This trade represents a 52.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Margaret Katherine Banks sold 3,900 shares of the business's stock in a transaction dated Tuesday, March 4th. The stock was 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 in the company, valued at approximately $253,646.04. This trade represents a 26.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 155,603 shares of company stock worth $4,041,695. 0.61% of the stock is owned by company insiders.

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.