Hara Capital LLC Buys 38,907 Shares of Halliburton (NYSE:HAL)

Hara Capital LLC raised its holdings in shares of Halliburton (NYSE:HAL - Free Report) by 223.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 56,284 shares of the oilfield services company's stock after buying an additional 38,907 shares during the quarter. Halliburton comprises 1.0% of Hara Capital LLC's investment portfolio, making the stock its 24th largest holding. Hara Capital LLC's holdings in Halliburton were worth $1,530,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Sierra Ocean LLC acquired a new position in Halliburton during the 4th quarter valued at $36,000. Modus Advisors LLC bought a new position in shares of Halliburton during the 4th quarter worth about $38,000. Continuum Advisory LLC raised its position 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 valued at $42,000 after buying an additional 698 shares during the last quarter. Venturi Wealth Management LLC lifted its stake 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 buying an additional 412 shares during the period. Finally, Brown Brothers Harriman & Co. lifted its stake in shares of Halliburton by 28.8% in the third quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company's stock valued at $51,000 after buying an additional 393 shares during the period. 85.23% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

HAL has been the subject of several recent research reports. UBS Group cut Halliburton from a "buy" rating to a "neutral" rating and cut their price target for the company from $36.00 to $34.00 in a report on Monday, December 9th. Griffin Securities lowered Halliburton from a "buy" rating to a "neutral" rating in a research note on Friday, December 20th. Morgan Stanley decreased their price target on shares of Halliburton from $35.00 to $34.00 and set an "overweight" rating on the stock in a research note on Monday, November 18th. JPMorgan Chase & Co. dropped their price objective 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, Susquehanna decreased their target price on shares of Halliburton from $42.00 to $40.00 and set a "positive" rating on the stock in a research report on Friday, November 8th. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, Halliburton has a consensus rating of "Moderate Buy" and a consensus target price of $37.42.

Halliburton Price Performance

NYSE HAL traded down $0.75 on Friday, hitting $26.25. 10,106,921 shares of the company were exchanged, compared to its average volume of 10,734,410. The company has a current ratio of 2.05, a quick ratio of 1.54 and a debt-to-equity ratio of 0.68. The company has a market cap of $22.78 billion, a P/E ratio of 9.27, a P/E/G ratio of 3.76 and a beta of 1.89. Halliburton has a 1-year low of $25.16 and a 1-year high of $41.56. The firm has a 50 day moving average of $27.06 and a two-hundred day moving average of $28.92.

Halliburton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be paid a dividend of $0.17 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.68 annualized dividend and a dividend yield of 2.59%. Halliburton's dividend payout ratio (DPR) is currently 24.03%.

Insider Activity at Halliburton

In related news, CFO Eric Carre sold 141,206 shares of the firm's stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $26.13, for a total value of $3,689,712.78. Following the transaction, the chief financial officer now owns 127,101 shares in the company, valued at $3,321,149.13. This trade represents a 52.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.61% of the stock is currently 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.