Invesco Ltd. Grows Position in Halliburton (NYSE:HAL)

Invesco Ltd. lifted its position in Halliburton (NYSE:HAL - Free Report) by 10.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,082,800 shares of the oilfield services company's stock after acquiring an additional 968,583 shares during the quarter. Invesco Ltd. owned approximately 1.15% of Halliburton worth $274,151,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Horrell Capital Management Inc. purchased a new position in Halliburton in the fourth quarter valued at about $33,000. Sierra Ocean LLC bought a new stake in Halliburton in the fourth quarter worth $36,000. Modus Advisors LLC acquired a new stake in shares of Halliburton in the fourth quarter worth $38,000. Continuum Advisory LLC lifted 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 buying an additional 698 shares during the last quarter. Finally, Blume Capital Management Inc. grew its stake in shares of Halliburton by 33.3% in the fourth quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company's stock worth $44,000 after acquiring an additional 400 shares during the last quarter. 85.23% of the stock is owned by institutional investors and hedge funds.

Halliburton Stock Up 1.0 %

HAL traded up $0.21 during midday trading on Tuesday, reaching $21.46. 2,162,104 shares of the company were exchanged, compared to its average volume of 9,590,950. The company's fifty day moving average price is $24.57 and its 200 day moving average price is $27.31. The company has a market cap of $18.49 billion, a price-to-earnings ratio of 7.58, a price-to-earnings-growth ratio of 3.79 and a beta of 1.45. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05. Halliburton has a one year low of $18.72 and a one year high of $40.17.

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Halliburton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 3.17%. The ex-dividend date was Wednesday, March 5th. Halliburton's dividend payout ratio is presently 24.03%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Piper Sandler began coverage on shares of Halliburton in a report on Thursday, December 19th. They issued an "overweight" rating and a $36.00 price target for the company. Susquehanna cut their price target on Halliburton from $35.00 to $32.00 and set a "positive" rating for the company in a report on Monday. Royal Bank of Canada reissued a "sector perform" rating and set a $34.00 price objective on shares of Halliburton in a report on Thursday, January 23rd. Wells Fargo & Company lowered their price target on shares of Halliburton from $39.00 to $34.00 and set an "overweight" rating on the stock in a report on Tuesday, December 17th. Finally, Evercore ISI lowered their target price on shares of Halliburton from $43.00 to $35.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 15th. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $36.95.

Insiders Place Their Bets

In other Halliburton news, VP Timothy Mckeon sold 10,497 shares of the firm'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 completion of the transaction, the vice president now owns 77,784 shares in the company, valued at $1,913,486.40. This trade represents a 11.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Eric Carre sold 141,206 shares of the stock in a transaction dated Tuesday, February 11th. The stock was 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 in the company, valued at approximately $3,321,149.13. The trade was a 52.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 206,782 shares of company stock valued at $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.