Mesirow Financial Investment Management Inc. Has $571,000 Stake in Halliburton (NYSE:HAL)

Mesirow Financial Investment Management Inc. grew its stake in Halliburton (NYSE:HAL - Free Report) by 100.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,004 shares of the oilfield services company's stock after acquiring an additional 10,506 shares during the period. Mesirow Financial Investment Management Inc.'s holdings in Halliburton were worth $571,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mediolanum International Funds Ltd lifted its stake 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 acquiring an additional 23,340 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in Halliburton by 3.7% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,257,250 shares of the oilfield services company's stock valued at $61,375,000 after purchasing an additional 80,567 shares during the last quarter. Congress Asset Management Co. acquired a new stake in Halliburton in the 4th quarter valued at about $621,000. Massachusetts Wealth Management grew its holdings in Halliburton by 180.9% during the fourth quarter. Massachusetts Wealth Management now owns 43,675 shares of the oilfield services company's stock worth $1,188,000 after purchasing an additional 28,125 shares during the period. Finally, Pacer Advisors Inc. increased its position in Halliburton by 23.1% during the third quarter. Pacer Advisors Inc. now owns 16,782,174 shares of the oilfield services company's stock worth $487,522,000 after buying an additional 3,150,986 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company's stock.

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Analysts Set New Price Targets

Several brokerages have recently commented on HAL. Royal Bank of Canada reiterated a "sector perform" rating and set a $34.00 target price on shares of Halliburton in a research note on Thursday, January 23rd. Raymond James cut shares of Halliburton from a "strong-buy" rating to a "market perform" rating in a research report on Monday, January 6th. Wells Fargo & Company cut their target price on shares of Halliburton from $39.00 to $34.00 and set an "overweight" rating for the company in a research note on Tuesday, December 17th. Piper Sandler began coverage on shares of Halliburton in a research note on Thursday, December 19th. They issued an "overweight" rating and a $36.00 price target on the stock. Finally, UBS Group cut Halliburton from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $36.00 to $34.00 in a report on Monday, December 9th. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $37.42.

Insider Buying and Selling at Halliburton

In related news, CFO Eric Carre sold 141,206 shares of Halliburton stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $26.13, for a total transaction of $3,689,712.78. Following the sale, the chief financial officer now directly owns 127,101 shares of the company's stock, valued at approximately $3,321,149.13. The trade was a 52.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Timothy Mckeon sold 10,497 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were 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 of the company's stock, valued at approximately $1,913,486.40. The trade was a 11.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 155,603 shares of company stock worth $4,041,695 over the last 90 days. Insiders own 0.61% of the company's stock.

Halliburton Price Performance

NYSE:HAL traded up $0.06 during mid-day trading on Wednesday, reaching $24.72. The stock had a trading volume of 7,730,891 shares, compared to its average volume of 11,009,847. Halliburton has a 12 month low of $23.42 and a 12 month high of $41.56. The stock has a market capitalization of $21.46 billion, a PE ratio of 8.73, a P/E/G ratio of 3.79 and a beta of 1.84. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 1.54. The stock has a 50-day simple moving average of $26.72 and a two-hundred day simple moving average of $28.39.

Halliburton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend is Wednesday, March 5th. Halliburton's dividend payout ratio (DPR) is presently 24.03%.

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.