NEOS Investment Management LLC Acquires 12,443 Shares of Halliburton (NYSE:HAL)

NEOS Investment Management LLC raised its position in Halliburton (NYSE:HAL - Free Report) by 31.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,051 shares of the oilfield services company's stock after acquiring an additional 12,443 shares during the quarter. NEOS Investment Management LLC's holdings in Halliburton were worth $1,415,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of HAL. Horrell Capital Management Inc. purchased a new position in Halliburton during the 4th quarter valued at about $33,000. Sierra Ocean LLC purchased a new position in shares of Halliburton during the fourth quarter valued at approximately $36,000. Modus Advisors LLC bought a new position in shares of Halliburton during the fourth quarter valued at approximately $38,000. Continuum Advisory LLC lifted its stake in Halliburton by 101.2% in the third quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company's stock worth $42,000 after acquiring an additional 698 shares during the period. Finally, Blume Capital Management Inc. lifted its stake in 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 period. 85.23% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on HAL shares. Jefferies Financial Group decreased their price objective on shares of Halliburton from $43.00 to $41.00 and set a "buy" rating for the company in a report on Friday, January 3rd. Wells Fargo & Company decreased their price target 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. Benchmark cut their price objective on Halliburton from $40.00 to $35.00 and set a "buy" rating on the stock in a research report on Thursday, January 23rd. Evercore ISI reduced their target price on Halliburton from $43.00 to $35.00 and set an "outperform" rating on the stock in a report on Wednesday, January 15th. Finally, Stifel Nicolaus lowered their target price on Halliburton from $42.00 to $37.00 and set a "buy" rating for the company in a research note on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $37.37.

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Halliburton Stock Up 0.3 %

Shares of NYSE:HAL traded up $0.08 during trading on Wednesday, reaching $25.63. 3,408,457 shares of the stock traded hands, compared to its average volume of 9,205,917. The stock has a market cap of $22.25 billion, a P/E ratio of 9.06, a price-to-earnings-growth ratio of 3.79 and a beta of 1.84. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05. The stock has a 50-day moving average of $25.82 and a two-hundred day moving average of $27.91. Halliburton has a 52-week low of $23.42 and a 52-week high of $41.56.

Halliburton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were paid a dividend of $0.17 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.68 annualized dividend and a yield of 2.65%. Halliburton's dividend payout ratio is 24.03%.

Insider Transactions at Halliburton

In other news, CFO Eric Carre sold 51,179 shares of the firm's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $25.00, for a total transaction of $1,279,475.00. Following the sale, the chief financial officer now owns 127,101 shares of the company's stock, valued at $3,177,525. This trade represents a 28.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Margaret Katherine Banks sold 3,900 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $24.04, for a total transaction of $93,756.00. Following the transaction, the director now directly owns 10,551 shares of the company's stock, valued at $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 sold 206,782 shares of company stock worth $5,321,170 over the last quarter. 0.61% of the stock is currently owned by insiders.

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.