LSV Asset Management Grows Holdings in Halliburton (NYSE:HAL)

LSV Asset Management grew its holdings in shares of Halliburton (NYSE:HAL - Free Report) by 14.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,920,022 shares of the oilfield services company's stock after acquiring an additional 760,122 shares during the quarter. LSV Asset Management owned 0.67% of Halliburton worth $160,965,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in HAL. Horrell Capital Management Inc. acquired a new position in shares of Halliburton during the fourth quarter worth $33,000. Sierra Ocean LLC bought a new position in Halliburton in the fourth quarter worth approximately $36,000. Continuum Advisory LLC grew its position in Halliburton by 101.2% in the 3rd quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company's stock valued at $42,000 after purchasing an additional 698 shares during the period. Modus Advisors LLC bought a new stake in shares of Halliburton during the fourth quarter worth about $38,000. Finally, 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 worth $44,000 after purchasing an additional 400 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Eric Carre sold 141,206 shares of Halliburton stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 127,101 shares in the company, valued at approximately $3,321,149.13. This trade represents a 52.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Timothy Mckeon sold 10,497 shares of the business's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $24.60, for a total value of $258,226.20. Following the transaction, the vice president now directly owns 77,784 shares in the company, valued at $1,913,486.40. This trade represents a 11.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 206,782 shares of company stock valued at $5,321,170. 0.61% of the stock is currently owned by company insiders.

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Analysts Set New Price Targets

HAL has been the topic of several analyst reports. Benchmark cut their price target on shares of Halliburton from $40.00 to $35.00 and set a "buy" rating on the stock in a report on Thursday, January 23rd. Evercore ISI dropped 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. Jefferies Financial Group decreased their target price on Halliburton from $43.00 to $41.00 and set a "buy" rating for the company in a research report on Friday, January 3rd. Stifel Nicolaus dropped their price target on Halliburton from $42.00 to $37.00 and set a "buy" rating on the stock in a research report on Thursday, January 23rd. Finally, Raymond James lowered Halliburton from a "strong-buy" rating to a "market perform" rating in a report on Monday, January 6th. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, Halliburton has an average rating of "Moderate Buy" and an average target price of $36.95.

Halliburton Price Performance

HAL traded up $0.11 during midday trading on Monday, hitting $21.18. The stock had a trading volume of 3,804,279 shares, compared to its average volume of 9,595,768. Halliburton has a 1 year low of $18.72 and a 1 year high of $40.17. The company has a market cap of $18.26 billion, a P/E ratio of 7.48, a price-to-earnings-growth ratio of 3.79 and a beta of 1.45. The business has a fifty day moving average of $24.67 and a 200 day moving average of $27.36. 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date of this dividend was Wednesday, March 5th. Halliburton's dividend payout ratio (DPR) is presently 24.03%.

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.