Mizuho Securities USA LLC Purchases 26,015 Shares of Halliburton (NYSE:HAL)

Mizuho Securities USA LLC grew its stake in shares of Halliburton (NYSE:HAL - Free Report) by 45.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 83,262 shares of the oilfield services company's stock after purchasing an additional 26,015 shares during the quarter. Mizuho Securities USA LLC's holdings in Halliburton were worth $2,264,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Franklin Resources Inc. grew its stake in Halliburton by 244.5% in the 3rd quarter. Franklin Resources Inc. now owns 4,513,560 shares of the oilfield services company's stock valued at $138,025,000 after buying an additional 3,203,224 shares during the last quarter. Amundi boosted its stake in shares of Halliburton by 22.2% in the fourth quarter. Amundi now owns 13,068,025 shares of the oilfield services company's stock valued at $353,242,000 after buying an additional 2,378,043 shares during the period. Pacer Advisors Inc. increased its position in shares of Halliburton by 10.4% in the fourth quarter. Pacer Advisors Inc. now owns 18,530,937 shares of the oilfield services company's stock worth $503,856,000 after purchasing an additional 1,748,763 shares during the period. OFI Invest Asset Management bought a new position in Halliburton in the 4th quarter valued at about $32,683,000. Finally, Van ECK Associates Corp raised its position in Halliburton by 31.3% during the fourth quarter. Van ECK Associates Corp now owns 5,100,693 shares of the oilfield services company's stock valued at $138,688,000 after purchasing an additional 1,214,586 shares in the last quarter. 85.23% of the stock is owned by institutional investors.

Remove Ads

Insider Activity at Halliburton

In related news, CFO Eric Carre sold 141,206 shares of the firm's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $26.13, for a total value of $3,689,712.78. Following the transaction, the chief financial officer now owns 127,101 shares of the company's stock, valued at approximately $3,321,149.13. This trade represents a 52.63 % decrease in their position. The sale was disclosed in a legal 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 stock was sold at an average price of $24.60, for a total value of $258,226.20. Following the sale, the vice president now directly owns 77,784 shares of the company's stock, valued at $1,913,486.40. This represents a 11.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 206,782 shares of company stock valued at $5,321,170. 0.61% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on HAL. Raymond James cut Halliburton from a "strong-buy" rating to a "market perform" rating in a report on Monday, January 6th. JPMorgan Chase & Co. cut their price target on shares of Halliburton from $35.00 to $33.00 and set an "overweight" rating on the stock in a report on Thursday, January 2nd. Wells Fargo & Company lowered their target price on Halliburton from $39.00 to $34.00 and set an "overweight" rating for the company in a research report on Tuesday, December 17th. Griffin Securities lowered Halliburton from a "buy" rating to a "neutral" rating in a research report on Friday, December 20th. Finally, Jefferies Financial Group lowered their price objective on Halliburton from $43.00 to $41.00 and set a "buy" rating for the company in a research report on Friday, January 3rd. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, Halliburton presently has an average rating of "Moderate Buy" and an average target price of $37.42.

Halliburton Stock Down 1.0 %

HAL stock traded down $0.26 during trading on Friday, reaching $25.08. 6,909,346 shares of the stock were exchanged, compared to its average volume of 9,208,989. The firm's 50 day moving average is $26.08 and its 200 day moving average is $27.97. The firm has a market cap of $21.77 billion, a P/E ratio of 8.86, a price-to-earnings-growth ratio of 3.79 and a beta of 1.84. 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 has a twelve month low of $23.42 and a twelve month high of $41.56.

Halliburton Dividend Announcement

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