Schroder Investment Management Group Buys 305,196 Shares of Halliburton (NYSE:HAL)

Schroder Investment Management Group raised its holdings in shares of Halliburton (NYSE:HAL - Free Report) by 159.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 496,132 shares of the oilfield services company's stock after purchasing an additional 305,196 shares during the period. Schroder Investment Management Group owned approximately 0.06% of Halliburton worth $13,490,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of HAL. Horrell Capital Management Inc. purchased a new position in shares of Halliburton during the fourth quarter valued at approximately $33,000. Sierra Ocean LLC purchased a new stake in Halliburton during the 4th quarter valued at $36,000. Continuum Advisory LLC lifted its holdings in shares of Halliburton by 101.2% during the 3rd quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company's stock valued at $42,000 after buying an additional 698 shares during the period. Modus Advisors LLC purchased a new position in shares of Halliburton in the 4th quarter worth $38,000. Finally, Blume Capital Management Inc. grew its holdings in shares of Halliburton by 33.3% in the fourth quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company's stock worth $44,000 after acquiring an additional 400 shares during the period. Institutional investors own 85.23% of the company's stock.

Halliburton Price Performance

HAL stock traded down $2.47 during midday trading on Friday, hitting $19.93. The company's stock had a trading volume of 21,908,588 shares, compared to its average volume of 9,356,477. 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 company has a 50 day moving average of $25.64 and a two-hundred day moving average of $27.86. Halliburton has a 12 month low of $19.60 and a 12 month high of $41.56. The firm has a market capitalization of $17.30 billion, a price-to-earnings ratio of 7.04, a price-to-earnings-growth ratio of 3.79 and a beta of 1.45.

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Halliburton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 3.41%. The ex-dividend date was Wednesday, March 5th. Halliburton's dividend payout ratio (DPR) is presently 24.03%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on HAL. Royal Bank of Canada reissued a "sector perform" rating and issued a $34.00 target price on shares of Halliburton in a report on Thursday, January 23rd. Griffin Securities cut shares of Halliburton from a "buy" rating to a "neutral" rating in a research note on Friday, December 20th. Stifel Nicolaus cut their target price on shares of Halliburton from $42.00 to $37.00 and set a "buy" rating for the company in a research report on Thursday, January 23rd. Jefferies Financial Group decreased their price target on shares of Halliburton from $43.00 to $41.00 and set a "buy" rating on the stock in a research report on Friday, January 3rd. Finally, Raymond James downgraded shares of Halliburton from a "strong-buy" rating to a "market perform" rating in a research report on Monday, January 6th. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $37.37.

Insider Activity

In related news, VP Timothy Mckeon sold 10,497 shares of the company'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 sale, the vice president now owns 77,784 shares of the company's stock, valued at $1,913,486.40. This represents a 11.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 of the company's stock, valued at $3,321,149.13. This trade represents a 52.63 % 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 90 days. Corporate insiders own 0.61% of the company's stock.

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.