Sterling Capital Management LLC Increases Position in Halliburton (NYSE:HAL)

Sterling Capital Management LLC increased its holdings in Halliburton (NYSE:HAL - Free Report) by 55.2% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 52,258 shares of the oilfield services company's stock after buying an additional 18,582 shares during the quarter. Sterling Capital Management LLC's holdings in Halliburton were worth $1,421,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of HAL. KDK Private Wealth Management LLC bought a new stake in shares of Halliburton in the fourth quarter worth $840,000. Oak Associates Ltd. OH purchased a new stake in shares of Halliburton during the 4th quarter valued at about $1,315,000. Treasurer of the State of North Carolina lifted its stake in shares of Halliburton by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 387,715 shares of the oilfield services company's stock worth $10,542,000 after purchasing an additional 2,440 shares during the period. LSV Asset Management boosted its holdings in shares of Halliburton by 14.7% in the fourth quarter. LSV Asset Management now owns 5,920,022 shares of the oilfield services company's stock worth $160,965,000 after buying an additional 760,122 shares during the last quarter. Finally, Scotia Capital Inc. grew its position in Halliburton by 13.6% during the fourth quarter. Scotia Capital Inc. now owns 14,859 shares of the oilfield services company's stock valued at $404,000 after buying an additional 1,781 shares during the period. Hedge funds and other institutional investors own 85.23% of the company's stock.

Insider Activity at Halliburton

In other news, VP Timothy Mckeon sold 10,497 shares of the firm's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $24.60, for a total value of $258,226.20. Following the completion of the sale, the vice president now owns 77,784 shares in the company, valued at approximately $1,913,486.40. This trade represents a 11.89 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Eric Carre sold 141,206 shares of the company's stock in a transaction dated 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. The trade was a 52.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 206,782 shares of company stock worth $5,321,170. Company insiders own 0.61% of the company's stock.

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Halliburton Trading Up 0.1 %

Shares of NYSE:HAL traded up $0.01 during trading on Tuesday, reaching $21.26. The company's stock had a trading volume of 8,453,172 shares, compared to its average volume of 9,632,417. Halliburton has a 12 month low of $18.72 and a 12 month high of $39.37. The company has a current ratio of 2.05, a quick ratio of 1.54 and a debt-to-equity ratio of 0.68. The firm's 50 day simple moving average is $24.48 and its two-hundred day simple moving average is $27.27. The stock has a market capitalization of $18.33 billion, a PE ratio of 7.51, a price-to-earnings-growth ratio of 3.79 and a beta of 1.45.

Halliburton Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on HAL shares. Susquehanna dropped their price target on shares of Halliburton from $35.00 to $32.00 and set a "positive" rating on the stock in a research note on Monday. Jefferies Financial Group reduced their price target on Halliburton from $43.00 to $41.00 and set a "buy" rating for the company in a research report on Friday, January 3rd. Barclays lowered their price objective on Halliburton from $30.00 to $29.00 and set an "equal weight" rating on the stock in a research report on Monday, March 31st. Benchmark reduced their target price on shares of Halliburton from $40.00 to $35.00 and set a "buy" rating for the company in a report on Thursday, January 23rd. Finally, Griffin Securities lowered shares of Halliburton from a "buy" rating to a "neutral" rating in a research report on Friday, December 20th. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, Halliburton currently has an average rating of "Moderate Buy" and an average price target of $36.95.

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.