16,854 Shares in Halliburton (NYSE:HAL) Bought by Intech Investment Management LLC

Intech Investment Management LLC purchased a new stake in Halliburton (NYSE:HAL - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 16,854 shares of the oilfield services company's stock, valued at approximately $458,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Mediolanum International Funds Ltd increased its holdings in Halliburton by 48.2% in the fourth quarter. Mediolanum International Funds Ltd now owns 71,797 shares of the oilfield services company's stock valued at $1,931,000 after buying an additional 23,340 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in Halliburton by 3.7% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,257,250 shares of the oilfield services company's stock worth $61,375,000 after purchasing an additional 80,567 shares in the last quarter. Congress Asset Management Co. purchased a new position in shares of Halliburton in the fourth quarter valued at $621,000. Massachusetts Wealth Management raised its stake in shares of Halliburton by 180.9% during the 4th quarter. Massachusetts Wealth Management now owns 43,675 shares of the oilfield services company's stock worth $1,188,000 after buying an additional 28,125 shares during the last quarter. Finally, Scott & Selber Inc. boosted its position in shares of Halliburton by 109.9% in the 4th quarter. Scott & Selber Inc. now owns 81,335 shares of the oilfield services company's stock worth $2,211,000 after buying an additional 42,590 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on HAL shares. Griffin Securities cut shares of Halliburton from a "buy" rating to a "neutral" rating in a research note on Friday, December 20th. Stifel Nicolaus lowered their target price on shares of Halliburton from $42.00 to $37.00 and set a "buy" rating for the company in a research note on Thursday, January 23rd. Benchmark reduced their price target on Halliburton from $40.00 to $35.00 and set a "buy" rating on the stock in a research note on Thursday, January 23rd. Barclays lowered their price objective on Halliburton from $32.00 to $30.00 and set an "equal weight" rating for the company in a research report on Thursday, January 23rd. Finally, Jefferies Financial Group decreased their price target on Halliburton from $43.00 to $41.00 and set a "buy" rating on the stock in a research note on Friday, January 3rd. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, Halliburton has an average rating of "Moderate Buy" and an average target price of $37.42.

Insider Buying and Selling at Halliburton

In related news, VP Timothy Mckeon sold 10,497 shares of the business's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $24.60, for a total value of $258,226.20. Following the transaction, the vice president now owns 77,784 shares in the company, valued at approximately $1,913,486.40. The trade was a 11.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Margaret Katherine Banks sold 3,900 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $24.04, for a total value of $93,756.00. Following the sale, the director now owns 10,551 shares of the company's stock, valued at approximately $253,646.04. This trade represents a 26.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 206,782 shares of company stock valued at $5,321,170 in the last ninety days. Insiders own 0.61% of the company's stock.

Halliburton Stock Down 1.0 %

NYSE:HAL traded down $0.26 during trading hours on Friday, hitting $25.08. The stock had a trading volume of 6,909,346 shares, compared to its average volume of 9,195,522. The company has a market cap of $21.77 billion, a PE ratio of 8.86, a price-to-earnings-growth ratio of 3.79 and a beta of 1.84. The business has a 50 day simple moving average of $26.08 and a two-hundred day simple moving average of $27.97. Halliburton has a 1-year low of $23.42 and a 1-year high of $41.56. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were issued a $0.17 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.68 dividend on an annualized basis and a yield of 2.71%. Halliburton's dividend payout ratio is currently 24.03%.

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.