Oak Associates Ltd. OH Makes New Investment in Halliburton (NYSE:HAL)

Oak Associates Ltd. OH acquired a new position in shares of Halliburton (NYSE:HAL - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 48,350 shares of the oilfield services company's stock, valued at approximately $1,315,000.

Several other institutional investors have also recently made changes to their positions in HAL. Treasurer of the State of North Carolina increased its stake in Halliburton by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 387,715 shares of the oilfield services company's stock valued at $10,542,000 after buying an additional 2,440 shares during the last quarter. LSV Asset Management increased its position in shares of Halliburton by 14.7% during the fourth quarter. LSV Asset Management now owns 5,920,022 shares of the oilfield services company's stock valued at $160,965,000 after acquiring an additional 760,122 shares during the last quarter. Scotia Capital Inc. increased its position in shares of Halliburton by 13.6% during the fourth quarter. Scotia Capital Inc. now owns 14,859 shares of the oilfield services company's stock valued at $404,000 after acquiring an additional 1,781 shares during the last quarter. Applied Finance Capital Management LLC lifted its holdings in Halliburton by 5.6% during the fourth quarter. Applied Finance Capital Management LLC now owns 21,316 shares of the oilfield services company's stock worth $580,000 after acquiring an additional 1,128 shares during the period. Finally, Bank of Nova Scotia boosted its position in Halliburton by 56.0% in the fourth quarter. Bank of Nova Scotia now owns 176,371 shares of the oilfield services company's stock worth $4,796,000 after purchasing an additional 63,279 shares during the last quarter. Institutional investors own 85.23% of the company's stock.

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Halliburton Price Performance

Halliburton stock traded up $0.15 during midday trading on Tuesday, reaching $21.40. 2,929,141 shares of the stock were exchanged, compared to its average volume of 9,594,084. Halliburton has a 52 week low of $18.72 and a 52 week high of $40.17. 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 firm has a market cap of $18.45 billion, a PE ratio of 7.56, a PEG ratio of 3.79 and a beta of 1.45. The company's fifty day moving average is $24.57 and its 200-day moving average is $27.31.

Halliburton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were given a $0.17 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.18%. Halliburton's dividend payout ratio (DPR) is presently 24.03%.

Insider Buying and Selling

In other Halliburton 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 completion of the sale, the chief financial officer now directly owns 127,101 shares in the company, valued at $3,321,149.13. The trade was a 52.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Margaret Katherine Banks sold 3,900 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $24.04, for a total transaction of $93,756.00. Following the completion of the transaction, the director now directly owns 10,551 shares in the company, valued at $253,646.04. The trade was a 26.99 % 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 ninety days. 0.61% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on HAL. Jefferies Financial Group lowered their target price on Halliburton from $43.00 to $41.00 and set a "buy" rating on the stock in a research note on Friday, January 3rd. Susquehanna lowered their price objective on shares of Halliburton from $35.00 to $32.00 and set a "positive" rating on the stock in a research report on Monday. Piper Sandler assumed coverage on shares of Halliburton in a research report on Thursday, December 19th. They set an "overweight" rating and a $36.00 target price for the company. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $34.00 price target on shares of Halliburton in a report on Thursday, January 23rd. Finally, Griffin Securities downgraded Halliburton from a "buy" rating to a "neutral" rating in a research note on Friday, December 20th. Seven 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 stock has a consensus rating of "Moderate Buy" and an average target price of $36.95.

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.