Halliburton (NYSE:HAL) Shares Bought by Aigen Investment Management LP

Aigen Investment Management LP boosted its stake in shares of Halliburton (NYSE:HAL - Free Report) by 97.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 138,026 shares of the oilfield services company's stock after purchasing an additional 68,014 shares during the period. Halliburton makes up about 0.7% of Aigen Investment Management LP's portfolio, making the stock its 16th biggest position. Aigen Investment Management LP's holdings in Halliburton were worth $3,753,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sierra Ocean LLC acquired a new stake in Halliburton during the 4th quarter valued at approximately $36,000. Modus Advisors LLC acquired a new stake in Halliburton during the 4th quarter valued at approximately $38,000. Continuum Advisory LLC lifted its stake in Halliburton by 101.2% during the 3rd quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company's stock valued at $42,000 after acquiring an additional 698 shares during the period. Venturi Wealth Management LLC lifted its stake in Halliburton by 34.2% during the 3rd 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. lifted its stake in Halliburton by 28.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company's stock valued at $51,000 after acquiring an additional 393 shares during the period. 85.23% of the stock is currently owned by institutional investors and hedge funds.

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Halliburton Price Performance

Shares of Halliburton stock traded up $0.55 during trading hours on Friday, reaching $25.00. 17,214,627 shares of the company's stock were exchanged, compared to its average volume of 11,047,671. Halliburton has a 1 year low of $23.42 and a 1 year high of $41.56. The company has a market capitalization of $21.70 billion, a P/E ratio of 8.83, a price-to-earnings-growth ratio of 3.79 and a beta of 1.84. The business has a fifty day moving average of $26.81 and a two-hundred day moving average of $28.52. 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 announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be issued 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 payout ratio is 24.03%.

Insider Transactions at Halliburton

In related news, Director Margaret Katherine Banks sold 3,900 shares of the company's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $24.04, for a total value of $93,756.00. Following the completion of the sale, the director now owns 10,551 shares of the company's stock, valued at approximately $253,646.04. This represents a 26.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Eric Carre sold 141,206 shares of the company'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 completion of the sale, the chief financial officer now directly owns 127,101 shares of the company's stock, valued at $3,321,149.13. This represents a 52.63 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.61% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on HAL. Griffin Securities cut shares of Halliburton from a "buy" rating to a "neutral" rating in a research note on Friday, December 20th. Wells Fargo & Company decreased their target price on shares of Halliburton from $39.00 to $34.00 and set an "overweight" rating for the company in a research note on Tuesday, December 17th. Piper Sandler assumed coverage on shares of Halliburton in a research note on Thursday, December 19th. They issued an "overweight" rating and a $36.00 target price for the company. 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. Finally, Evercore ISI decreased their target price on shares of Halliburton from $43.00 to $35.00 and set an "outperform" rating for the company in a research note on Wednesday, January 15th. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, Halliburton currently has a consensus rating of "Moderate Buy" and a consensus target price of $37.42.

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.