Sanders Capital LLC Grows Stock Holdings in Halliburton (NYSE:HAL)

Sanders Capital LLC grew its position in Halliburton (NYSE:HAL - Free Report) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,372,694 shares of the oilfield services company's stock after purchasing an additional 375,054 shares during the period. Halliburton comprises about 1.0% of Sanders Capital LLC's portfolio, making the stock its 28th largest position. Sanders Capital LLC owned approximately 2.77% of Halliburton worth $662,694,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC raised its position in shares of Halliburton by 4.4% during the fourth quarter. Geode Capital Management LLC now owns 21,538,632 shares of the oilfield services company's stock worth $584,139,000 after purchasing an additional 908,271 shares during the period. Pacer Advisors Inc. raised its holdings 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 worth $503,856,000 after acquiring an additional 1,748,763 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Halliburton by 15.6% in the 4th 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 during the period. Amundi lifted its holdings in shares of Halliburton by 22.2% in the fourth quarter. Amundi now owns 13,068,025 shares of the oilfield services company's stock valued at $353,242,000 after purchasing an additional 2,378,043 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Halliburton during the fourth quarter worth about $299,986,000. Institutional investors and hedge funds own 85.23% of the company's stock.

Remove Ads

Insider Buying and Selling at Halliburton

In other Halliburton news, Director Margaret Katherine Banks sold 3,900 shares of the company's stock in a transaction dated 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 directly 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 SEC, which is accessible through the SEC website. 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 value of $3,689,712.78. Following the completion of the transaction, the chief financial officer now directly owns 127,101 shares in the company, valued at approximately $3,321,149.13. This represents a 52.63 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 206,782 shares of company stock valued at $5,321,170. Company insiders own 0.61% of the company's stock.

Halliburton Trading Up 0.1 %

HAL traded up $0.01 during trading on Tuesday, hitting $21.26. The company's stock had a trading volume of 8,453,172 shares, compared to its average volume of 9,632,422. 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 twelve month low of $18.72 and a twelve month high of $39.37. The stock's fifty day moving average price is $24.48 and its 200-day moving average price is $27.27. The firm has a market capitalization of $18.33 billion, a P/E ratio of 7.51, a PEG ratio of 3.79 and a beta of 1.45.

Halliburton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date was Wednesday, March 5th. Halliburton's payout ratio is 24.03%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on HAL shares. Jefferies Financial Group lowered their price objective on shares of Halliburton from $43.00 to $41.00 and set a "buy" rating on the stock in a report on Friday, January 3rd. Griffin Securities lowered Halliburton from a "buy" rating to a "neutral" rating in a report on Friday, December 20th. Barclays dropped their price objective on Halliburton from $30.00 to $29.00 and set an "equal weight" rating on the stock in a research note on Monday, March 31st. Susquehanna decreased their price objective on shares of Halliburton from $35.00 to $32.00 and set a "positive" rating for the company in a research report on Monday. Finally, Piper Sandler started coverage on Halliburton in a research report on Thursday, December 19th. They issued an "overweight" rating and a $36.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus 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.