O Shaughnessy Asset Management LLC Purchases 26,592 Shares of Halliburton (NYSE:HAL)

O Shaughnessy Asset Management LLC raised its position in shares of Halliburton (NYSE:HAL - Free Report) by 49.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,272 shares of the oilfield services company's stock after purchasing an additional 26,592 shares during the period. O Shaughnessy Asset Management LLC's holdings in Halliburton were worth $2,183,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. MidWestOne Financial Group Inc. boosted its stake in shares of Halliburton by 4.4% during the third quarter. MidWestOne Financial Group Inc. now owns 8,610 shares of the oilfield services company's stock valued at $250,000 after purchasing an additional 359 shares in the last quarter. HBW Advisory Services LLC raised its stake in shares of Halliburton by 3.9% during the fourth quarter. HBW Advisory Services LLC now owns 10,504 shares of the oilfield services company's stock valued at $286,000 after acquiring an additional 397 shares during the last quarter. Blume Capital Management Inc. raised its position in shares of Halliburton by 33.3% during 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 last quarter. Wilmington Savings Fund Society FSB boosted its holdings in Halliburton by 3.7% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 12,776 shares of the oilfield services company's stock valued at $347,000 after acquiring an additional 453 shares during the last quarter. Finally, UMB Bank n.a. increased its position in Halliburton by 14.3% during the 4th quarter. UMB Bank n.a. now owns 4,036 shares of the oilfield services company's stock valued at $110,000 after purchasing an additional 505 shares during the period. Institutional investors own 85.23% of the company's stock.

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Analyst Ratings Changes

A number of equities analysts recently weighed in on HAL shares. Evercore ISI lowered their target price on shares of Halliburton from $43.00 to $35.00 and set an "outperform" rating for the company in a research note on Wednesday, January 15th. Raymond James downgraded Halliburton from a "strong-buy" rating to a "market perform" rating in a research note on Monday, January 6th. 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 report on Tuesday, December 17th. JPMorgan Chase & Co. cut their price target on Halliburton from $35.00 to $33.00 and set an "overweight" rating on the stock in a report on Thursday, January 2nd. Finally, Griffin Securities lowered shares of Halliburton from a "buy" rating to a "neutral" rating in a research note on Friday, December 20th. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $37.37.

Insider Buying and Selling at Halliburton

In other news, Director Margaret Katherine Banks sold 3,900 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $24.04, for a total value of $93,756.00. Following the completion of the sale, the director now owns 10,551 shares of the company's stock, valued at approximately $253,646.04. This represents a 26.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Eric Carre sold 141,206 shares of Halliburton stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $26.13, for a total transaction of $3,689,712.78. Following the completion of the transaction, the chief financial officer now owns 127,101 shares in the company, valued at approximately $3,321,149.13. The trade was a 52.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 206,782 shares of company stock worth $5,321,170 over the last three months. 0.61% of the stock is owned by insiders.

Halliburton Price Performance

Shares of HAL traded down $0.21 during mid-day trading on Tuesday, reaching $19.78. 3,792,802 shares of the stock traded hands, compared to its average volume of 9,391,944. Halliburton has a 1 year low of $18.72 and a 1 year high of $41.56. The firm has a fifty day moving average price of $25.34 and a 200 day moving average price of $27.71. The company has a current ratio of 2.05, a quick ratio of 1.54 and a debt-to-equity ratio of 0.68. The company has a market cap of $17.17 billion, a price-to-earnings ratio of 6.96, a price-to-earnings-growth ratio of 3.79 and a beta of 1.45.

Halliburton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date 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.