Scott & Selber Inc. Raises Stake in Halliburton (NYSE:HAL)

Scott & Selber Inc. lifted its stake in Halliburton (NYSE:HAL - Free Report) by 109.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 81,335 shares of the oilfield services company's stock after purchasing an additional 42,590 shares during the quarter. Scott & Selber Inc.'s holdings in Halliburton were worth $2,211,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. MidWestOne Financial Group Inc. boosted its position in shares of Halliburton by 4.4% during the third quarter. MidWestOne Financial Group Inc. now owns 8,610 shares of the oilfield services company's stock valued at $250,000 after buying an additional 359 shares during the period. Public Sector Pension Investment Board boosted its holdings in Halliburton by 0.3% during 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 acquiring an additional 390 shares during the period. Brown Brothers Harriman & Co. grew its position in 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 acquiring an additional 393 shares during the last quarter. HBW Advisory Services LLC increased its stake in Halliburton by 3.9% in the fourth quarter. HBW Advisory Services LLC now owns 10,504 shares of the oilfield services company's stock worth $286,000 after purchasing an additional 397 shares during the period. Finally, Venturi Wealth Management LLC boosted its stake in shares of Halliburton by 34.2% during the third quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company's stock valued at $47,000 after purchasing an additional 412 shares during the period. Institutional investors own 85.23% of the company's stock.

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Insider Buying and Selling at Halliburton

In related news, CFO Eric Carre sold 141,206 shares of Halliburton stock in a transaction that occurred 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 trade represents a 52.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Margaret Katherine Banks sold 3,900 shares of the business's stock in a transaction that occurred on 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 in the company, valued at approximately $253,646.04. The trade was a 26.99 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.61% of the company's stock.

Halliburton Trading Up 2.3 %

Shares of NYSE HAL traded up $0.55 during midday trading on Friday, reaching $25.00. 17,214,627 shares of the stock were exchanged, compared to its average volume of 11,047,671. The stock has a market capitalization of $21.70 billion, a P/E ratio of 8.83, a PEG ratio of 3.79 and a beta of 1.84. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05. The company has a 50 day simple moving average of $26.85 and a 200 day simple moving average of $28.57. Halliburton has a twelve month low of $23.42 and a twelve month high of $41.56.

Halliburton Announces Dividend

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

Analysts Set New Price Targets

HAL has been the subject of a number of research analyst reports. Evercore ISI decreased their price objective 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. Piper Sandler initiated coverage on shares of Halliburton in a research note on Thursday, December 19th. They set an "overweight" rating and a $36.00 price target for the company. Raymond James lowered Halliburton from a "strong-buy" rating to a "market perform" rating in a report on Monday, January 6th. Wells Fargo & Company reduced their price objective on Halliburton from $39.00 to $34.00 and set an "overweight" rating on the stock in a report on Tuesday, December 17th. Finally, JPMorgan Chase & Co. lowered their target price on Halliburton from $35.00 to $33.00 and set an "overweight" rating for the company in a report on Thursday, January 2nd. 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, Halliburton presently has an average rating of "Moderate Buy" and a consensus target price of $37.42.

Halliburton Company 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.