one8zero8 LLC Buys Shares of 60,339 Halliburton (NYSE:HAL)

one8zero8 LLC bought a new position in Halliburton (NYSE:HAL - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 60,339 shares of the oilfield services company's stock, valued at approximately $1,641,000.

Several other hedge funds also recently made changes to their positions in HAL. MidWestOne Financial Group Inc. increased its holdings in shares of Halliburton by 4.4% in the 3rd 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. Public Sector Pension Investment Board increased its holdings in shares of Halliburton by 0.3% in the 3rd quarter. Public Sector Pension Investment Board now owns 154,210 shares of the oilfield services company's stock valued at $4,480,000 after purchasing an additional 390 shares in the last quarter. Brown Brothers Harriman & Co. increased its holdings 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 valued at $51,000 after purchasing an additional 393 shares in the last quarter. HBW Advisory Services LLC increased its holdings in shares of Halliburton by 3.9% in the 4th quarter. HBW Advisory Services LLC now owns 10,504 shares of the oilfield services company's stock valued at $286,000 after purchasing an additional 397 shares in the last quarter. Finally, Blume Capital Management Inc. increased its holdings in shares of Halliburton by 33.3% in the 4th quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company's stock valued at $44,000 after purchasing an additional 400 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company's stock.

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Insider Buying and Selling at Halliburton

In other news, VP Timothy Mckeon sold 10,497 shares of the business's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $24.60, for a total transaction of $258,226.20. Following the transaction, the vice president now directly owns 77,784 shares of the company's stock, valued at approximately $1,913,486.40. The trade was a 11.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Eric Carre sold 141,206 shares of the business's 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 transaction, the chief financial officer now directly owns 127,101 shares in the company, valued at approximately $3,321,149.13. The trade was 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 206,782 shares of company stock valued at $5,321,170 over the last ninety days. Corporate insiders own 0.61% of the company's stock.

Halliburton Trading Down 0.3 %

Shares of HAL traded down $0.09 during mid-day trading on Thursday, hitting $24.99. The company had a trading volume of 16,371,414 shares, compared to its average volume of 8,587,507. The business's 50-day simple moving average is $26.41 and its 200-day simple moving average is $28.14. The company has a quick ratio of 1.54, a current ratio of 2.05 and a debt-to-equity ratio of 0.68. Halliburton has a 1-year low of $23.42 and a 1-year high of $41.56. The stock has a market cap of $21.70 billion, a PE ratio of 8.83, a P/E/G ratio of 3.79 and a beta of 1.84.

Halliburton Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be given a dividend of $0.17 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.68 dividend on an annualized basis and a yield of 2.72%. Halliburton's dividend payout ratio (DPR) is 24.03%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Jefferies Financial Group dropped their target price 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. Griffin Securities downgraded shares of Halliburton from a "buy" rating to a "neutral" rating in a report on Friday, December 20th. Raymond James downgraded shares of Halliburton from a "strong-buy" rating to a "market perform" rating in a report on Monday, January 6th. JPMorgan Chase & Co. dropped their target price on shares of Halliburton from $35.00 to $33.00 and set an "overweight" rating for the company in a report on Thursday, January 2nd. Finally, Stifel Nicolaus dropped their target price on shares of Halliburton from $42.00 to $37.00 and set a "buy" rating for the company in a report on Thursday, January 23rd. Seven equities 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, the company currently has an average rating of "Moderate Buy" and an average price target of $37.42.

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.