Cibc World Markets Corp Purchases 18,894 Shares of Halliburton (NYSE:HAL)

Cibc World Markets Corp grew its stake in shares of Halliburton (NYSE:HAL - Free Report) by 15.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 138,837 shares of the oilfield services company's stock after purchasing an additional 18,894 shares during the quarter. Cibc World Markets Corp's holdings in Halliburton were worth $3,775,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in HAL. Sierra Ocean LLC purchased a new stake in Halliburton during the 4th quarter valued at $36,000. Continuum Advisory LLC boosted its holdings in shares of Halliburton by 101.2% during the third quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company's stock worth $42,000 after purchasing an additional 698 shares during the period. Modus Advisors LLC bought a new stake in shares of Halliburton in the fourth quarter worth about $38,000. Blume Capital Management Inc. increased its holdings in Halliburton by 33.3% during the 4th quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company's stock valued at $44,000 after purchasing an additional 400 shares during the period. Finally, Brown Brothers Harriman & Co. lifted its holdings 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 worth $51,000 after buying an additional 393 shares during the period. Institutional investors own 85.23% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Benchmark reduced their target price on Halliburton from $40.00 to $35.00 and set a "buy" rating on the stock in a research note on Thursday, January 23rd. Jefferies Financial Group decreased their price objective on shares of Halliburton from $43.00 to $41.00 and set a "buy" rating for the company in a report on Friday, January 3rd. Wells Fargo & Company cut their target price on shares of Halliburton from $39.00 to $34.00 and set an "overweight" rating on the stock in a research note on Tuesday, December 17th. Evercore ISI decreased their price target 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. Finally, Stifel Nicolaus cut their price objective on Halliburton from $42.00 to $37.00 and set a "buy" rating on the stock in a research report on Thursday, January 23rd. 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 has a consensus rating of "Moderate Buy" and a consensus target price of $37.42.

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Halliburton Stock Up 3.4 %

Halliburton stock traded up $0.85 during trading hours on Monday, hitting $25.59. The stock had a trading volume of 16,665,959 shares, compared to its average volume of 8,836,138. The stock's 50-day moving average price is $26.32 and its 200-day moving average price is $28.05. The stock has a market capitalization of $22.21 billion, a P/E ratio of 9.04, a price-to-earnings-growth ratio of 3.79 and a beta of 1.84. Halliburton has a 12-month low of $23.42 and a 12-month 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 $0.17 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.68 annualized dividend and a yield of 2.66%. Halliburton's dividend payout ratio (DPR) is presently 24.03%.

Insider Buying and Selling at Halliburton

In other Halliburton news, 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 transaction, the chief financial officer now owns 127,101 shares in the company, valued at approximately $3,321,149.13. This represents a 52.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Margaret Katherine Banks sold 3,900 shares of Halliburton stock in a transaction that occurred on 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 of the company's stock, valued at $253,646.04. This represents a 26.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 206,782 shares of company stock worth $5,321,170. 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.