KDK Private Wealth Management LLC Takes Position in Halliburton (NYSE:HAL)

KDK Private Wealth Management LLC bought a new stake in shares of Halliburton (NYSE:HAL - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 30,897 shares of the oilfield services company's stock, valued at approximately $840,000. Halliburton makes up about 0.9% of KDK Private Wealth Management LLC's investment portfolio, making the stock its 24th largest position.

Several other large investors have also recently made changes to their positions in the business. Oak Associates Ltd. OH bought a new stake in shares of Halliburton during the fourth quarter valued at approximately $1,315,000. Treasurer of the State of North Carolina increased its holdings in shares of Halliburton by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 387,715 shares of the oilfield services company's stock worth $10,542,000 after purchasing an additional 2,440 shares in the last quarter. LSV Asset Management raised its stake in shares of Halliburton by 14.7% in the fourth quarter. LSV Asset Management now owns 5,920,022 shares of the oilfield services company's stock worth $160,965,000 after purchasing an additional 760,122 shares during the last quarter. Scotia Capital Inc. boosted its position in shares of Halliburton by 13.6% during the fourth quarter. Scotia Capital Inc. now owns 14,859 shares of the oilfield services company's stock valued at $404,000 after buying an additional 1,781 shares during the last quarter. Finally, Applied Finance Capital Management LLC increased its holdings in Halliburton by 5.6% in the 4th quarter. Applied Finance Capital Management LLC now owns 21,316 shares of the oilfield services company's stock worth $580,000 after buying an additional 1,128 shares in the last quarter. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

HAL has been the topic of several research reports. Susquehanna dropped their target price on Halliburton from $35.00 to $32.00 and set a "positive" rating on the stock in a research report on Monday. JPMorgan Chase & Co. decreased their price target on shares of Halliburton from $35.00 to $33.00 and set an "overweight" rating on the stock in a research report on Thursday, January 2nd. Piper Sandler started coverage on Halliburton in a research note on Thursday, December 19th. They issued an "overweight" rating and a $36.00 price objective for the company. Royal Bank of Canada reiterated a "sector perform" rating and set a $34.00 target price on shares of Halliburton in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company decreased their price objective on Halliburton from $39.00 to $34.00 and set an "overweight" rating on the stock in a research note on Tuesday, December 17th. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $36.95.

Insider Activity at Halliburton

In related news, VP Timothy Mckeon sold 10,497 shares of Halliburton stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $24.60, for a total transaction of $258,226.20. Following the completion of the transaction, the vice president now directly owns 77,784 shares in the company, valued at approximately $1,913,486.40. This trade represents a 11.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Margaret Katherine Banks sold 3,900 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $24.04, for a total value of $93,756.00. Following the transaction, the director now directly owns 10,551 shares of the company's stock, valued at approximately $253,646.04. The trade was a 26.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 206,782 shares of company stock valued at $5,321,170 over the last quarter. 0.61% of the stock is owned by corporate insiders.

Halliburton Stock Up 0.1 %

NYSE HAL traded up $0.03 during trading on Tuesday, reaching $21.28. 3,253,221 shares of the company's stock traded hands, compared to its average volume of 9,596,234. The firm has a market cap of $18.34 billion, a price-to-earnings ratio of 7.52, a price-to-earnings-growth ratio of 3.79 and a beta of 1.45. The company's 50 day simple moving average is $24.57 and its two-hundred day simple moving average is $27.31. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 1.54. Halliburton has a 12-month low of $18.72 and a 12-month high of $40.17.

Halliburton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 3.20%. The ex-dividend date was Wednesday, March 5th. Halliburton's payout ratio is 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.