Halliburton (NYSE:HAL) Position Boosted by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. grew its stake in Halliburton (NYSE:HAL - Free Report) by 35.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 96,490 shares of the oilfield services company's stock after acquiring an additional 25,284 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Halliburton were worth $2,588,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Modus Advisors LLC purchased a new stake in Halliburton during the 4th quarter worth about $38,000. Continuum Advisory LLC boosted its holdings in shares of 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 buying an additional 698 shares in the last quarter. ORG Wealth Partners LLC acquired a new stake in shares of Halliburton during the third quarter worth about $44,000. Venturi Wealth Management LLC boosted its holdings 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 valued at $47,000 after acquiring an additional 412 shares during the period. Finally, Brown Brothers Harriman & Co. raised its position in Halliburton by 28.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company's stock valued at $51,000 after purchasing an additional 393 shares during the last quarter. Hedge funds and other institutional investors own 85.23% of the company's stock.

Insider Buying and Selling at Halliburton

In other Halliburton news, CFO Eric Carre sold 141,206 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $26.13, for a total value of $3,689,712.78. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.61% of the stock is currently owned by corporate insiders.

Halliburton Trading Up 1.2 %

HAL traded up $0.30 during trading on Thursday, hitting $26.27. 7,559,057 shares of the company's stock were exchanged, compared to its average volume of 10,946,540. Halliburton has a 1 year low of $25.16 and a 1 year high of $41.56. The stock has a 50 day moving average price of $27.43 and a 200 day moving average price of $29.22. The firm has a market cap of $23.08 billion, a P/E ratio of 9.28, a price-to-earnings-growth ratio of 3.53 and a beta of 1.89. The company has a current ratio of 2.05, a quick ratio of 1.54 and a debt-to-equity ratio of 0.68.

Halliburton Dividend Announcement

The business also recently declared 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 is Wednesday, March 5th. This represents a $0.68 annualized dividend and a yield of 2.59%. Halliburton's dividend payout ratio is currently 24.03%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on HAL. JPMorgan Chase & Co. decreased their target price on shares of Halliburton from $35.00 to $33.00 and set an "overweight" rating for the company in a research note on Thursday, January 2nd. UBS Group cut shares of Halliburton from a "buy" rating to a "neutral" rating and cut their price target for the stock from $36.00 to $34.00 in a report on Monday, December 9th. Susquehanna lowered their price target on shares of Halliburton from $42.00 to $40.00 and set a "positive" rating on the stock in a research note on Friday, November 8th. Stifel Nicolaus reduced their price target on shares of Halliburton from $42.00 to $37.00 and set a "buy" rating for the company in a research report on Thursday, January 23rd. Finally, Morgan Stanley dropped their price objective on Halliburton from $35.00 to $34.00 and set an "overweight" rating for the company in a research note on Monday, November 18th. 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 presently has a consensus rating of "Moderate Buy" and an average target price of $37.42.

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.