Ossiam Has $9.63 Million Stock Holdings in Halliburton (NYSE:HAL)

Ossiam boosted its stake in Halliburton (NYSE:HAL - Free Report) by 310,426.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 354,000 shares of the oilfield services company's stock after buying an additional 353,886 shares during the period. Ossiam's holdings in Halliburton were worth $9,625,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in HAL. Sanders Capital LLC raised its stake in shares of Halliburton by 1.6% during the fourth quarter. Sanders Capital LLC now owns 24,372,694 shares of the oilfield services company's stock valued at $662,694,000 after purchasing an additional 375,054 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Halliburton by 4.4% in the 4th quarter. Geode Capital Management LLC now owns 21,538,632 shares of the oilfield services company's stock worth $584,139,000 after acquiring an additional 908,271 shares during the period. Pacer Advisors Inc. increased its stake in shares of Halliburton by 10.4% during the fourth quarter. Pacer Advisors Inc. now owns 18,530,937 shares of the oilfield services company's stock valued at $503,856,000 after acquiring an additional 1,748,763 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in Halliburton by 15.6% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 16,093,680 shares of the oilfield services company's stock worth $437,587,000 after purchasing an additional 2,171,722 shares in the last quarter. Finally, Amundi lifted its position in Halliburton by 22.2% in the fourth quarter. Amundi now owns 13,068,025 shares of the oilfield services company's stock worth $353,242,000 after purchasing an additional 2,378,043 shares during the period. 85.23% of the stock is currently owned by institutional investors.

Insider Transactions at Halliburton

In other news, CFO Eric Carre sold 141,206 shares of the stock in a transaction 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 transaction, the chief financial officer now owns 127,101 shares in the company, valued at $3,321,149.13. This represents a 52.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Timothy Mckeon sold 10,497 shares of Halliburton 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 completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders sold 206,782 shares of company stock valued at $5,321,170 in the last three months. Corporate insiders own 0.61% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on HAL shares. JPMorgan Chase & Co. lowered their price target on Halliburton from $35.00 to $33.00 and set an "overweight" rating on the stock in a research report on Thursday, January 2nd. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $34.00 target price on shares of Halliburton in a report on Thursday, January 23rd. Evercore ISI cut their price target on shares of Halliburton from $43.00 to $35.00 and set an "outperform" rating for the company in a report on Wednesday, January 15th. Stifel Nicolaus lowered their price objective on shares of Halliburton from $37.00 to $32.00 and set a "buy" rating on the stock in a research note on Wednesday. Finally, Raymond James lowered shares of Halliburton from a "strong-buy" rating to a "market perform" rating in a research note on Monday, January 6th. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat, Halliburton presently has a consensus rating of "Moderate Buy" and an average target price of $36.05.

Halliburton Stock Down 0.5 %

Shares of HAL traded down $0.11 during trading hours on Wednesday, reaching $20.59. The company's stock had a trading volume of 13,212,206 shares, compared to its average volume of 9,851,249. The company has a 50 day moving average of $24.07 and a two-hundred day moving average of $26.98. The company has a quick ratio of 1.54, a current ratio of 2.05 and a debt-to-equity ratio of 0.68. The firm has a market cap of $17.75 billion, a price-to-earnings ratio of 7.28, a P/E/G ratio of 3.79 and a beta of 1.45. Halliburton has a 1-year low of $18.72 and a 1-year high of $39.37.

Halliburton (NYSE:HAL - Get Free Report) last released its earnings results on Tuesday, April 22nd. The oilfield services company reported $0.60 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.60. Halliburton had a net margin of 10.90% and a return on equity of 26.03%. The company had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.28 billion. As a group, research analysts predict that Halliburton will post 2.64 EPS for the current fiscal year.

Halliburton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were paid a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.68 dividend on an annualized basis and a yield of 3.30%. Halliburton's dividend payout ratio (DPR) is currently 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.