OFI Invest Asset Management Takes $32.68 Million Position in Halliburton (NYSE:HAL)

OFI Invest Asset Management acquired a new stake in shares of Halliburton (NYSE:HAL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 1,244,685 shares of the oilfield services company's stock, valued at approximately $32,683,000. OFI Invest Asset Management owned approximately 0.14% of Halliburton at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Sierra Ocean LLC purchased a new stake in shares of Halliburton in the fourth quarter valued at approximately $36,000. Continuum Advisory LLC boosted its stake in Halliburton by 101.2% during the third quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company's stock worth $42,000 after buying an additional 698 shares during the last quarter. Modus Advisors LLC purchased a new stake in Halliburton in the 4th quarter valued at $38,000. Venturi Wealth Management LLC increased its stake in shares of Halliburton by 34.2% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company's stock worth $47,000 after acquiring an additional 412 shares during the last quarter. Finally, Brown Brothers Harriman & Co. increased its stake in shares of Halliburton by 28.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company's stock worth $51,000 after acquiring an additional 393 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on HAL shares. Piper Sandler began coverage on shares of Halliburton in a report on Thursday, December 19th. They issued an "overweight" rating and a $36.00 price objective for the company. Evercore ISI dropped their price target 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 lowered shares of Halliburton from a "strong-buy" rating to a "market perform" rating in a research report on Monday, January 6th. Barclays lowered their price objective on Halliburton from $32.00 to $30.00 and set an "equal weight" rating for the company in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company cut their target price on Halliburton from $39.00 to $34.00 and set an "overweight" rating for the company in a research note on Tuesday, December 17th. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $37.42.

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Insiders Place Their Bets

In related news, 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 value of $93,756.00. Following the transaction, the director now owns 10,551 shares of the company's stock, valued at $253,646.04. This represents a 26.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Eric Carre sold 141,206 shares of the firm's stock in a transaction on 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 completion of the sale, the chief financial officer now owns 127,101 shares in the company, valued at approximately $3,321,149.13. This represents a 52.63 % decrease in their ownership of the stock. 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 in the last quarter. 0.61% of the stock is owned by company insiders.

Halliburton Stock Up 0.2 %

Shares of HAL stock traded up $0.06 during trading on Wednesday, reaching $24.72. The company's stock had a trading volume of 7,735,529 shares, compared to its average volume of 11,010,011. Halliburton has a 1-year low of $23.42 and a 1-year high of $41.56. The stock's 50-day moving average price is $26.72 and its 200 day moving average price is $28.39. The company has a market capitalization of $21.46 billion, a price-to-earnings 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.

Halliburton Dividend Announcement

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

Halliburton 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.