Strategic Financial Concepts LLC Acquires New Holdings in Halliburton (NYSE:HAL)

Strategic Financial Concepts LLC purchased a new stake in shares of Halliburton (NYSE:HAL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 26,771 shares of the oilfield services company's stock, valued at approximately $728,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Massachusetts Wealth Management grew its stake in shares of Halliburton by 180.9% during the 4th quarter. Massachusetts Wealth Management now owns 43,675 shares of the oilfield services company's stock valued at $1,188,000 after acquiring an additional 28,125 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Halliburton by 35.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 96,490 shares of the oilfield services company's stock valued at $2,588,000 after acquiring an additional 25,284 shares during the period. Valley National Advisers Inc. grew its stake in shares of Halliburton by 2.1% during the 4th quarter. Valley National Advisers Inc. now owns 64,304 shares of the oilfield services company's stock valued at $1,747,000 after acquiring an additional 1,345 shares during the period. WFA Asset Management Corp bought a new position in shares of Halliburton during the 4th quarter valued at approximately $143,000. Finally, Comprehensive Financial Consultants Institutional Inc. grew its stake in shares of Halliburton by 6.1% during the 4th quarter. Comprehensive Financial Consultants Institutional Inc. now owns 61,644 shares of the oilfield services company's stock valued at $1,676,000 after acquiring an additional 3,559 shares during the period. Hedge funds and other institutional investors own 85.23% of the company's stock.

Halliburton Trading Down 0.5 %

NYSE:HAL traded down $0.13 during midday trading on Friday, hitting $26.16. 8,289,508 shares of the company traded hands, compared to its average volume of 11,614,222. The firm's fifty day moving average is $27.30 and its 200-day moving average is $29.15. Halliburton has a 12-month low of $25.16 and a 12-month high of $41.56. The firm has a market capitalization of $22.70 billion, a P/E ratio of 9.24, a P/E/G ratio of 3.53 and a beta of 1.89. The company has a current ratio of 2.05, a quick ratio of 1.54 and a debt-to-equity ratio of 0.68.

Halliburton Dividend Announcement

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 $0.17 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.68 dividend on an annualized basis and a yield of 2.60%. Halliburton's payout ratio is 24.03%.

Insiders Place Their Bets

In other Halliburton news, CFO Eric Carre sold 141,206 shares of the 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 sale, the chief financial officer now owns 127,101 shares in the company, valued at $3,321,149.13. This trade represents a 52.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.61% of the company's stock.

Analyst Upgrades and Downgrades

HAL has been the subject of a number of recent research reports. Susquehanna cut their price objective on Halliburton from $42.00 to $40.00 and set a "positive" rating for the company in a research note on Friday, November 8th. Stifel Nicolaus dropped their price target on Halliburton from $42.00 to $37.00 and set a "buy" rating for the company in a research note on Thursday, January 23rd. Royal Bank of Canada restated a "sector perform" rating and issued a $34.00 price target on shares of Halliburton in a research note on Thursday, January 23rd. Jefferies Financial Group dropped their price target on Halliburton from $43.00 to $41.00 and set a "buy" rating for the company in a research note on Friday, January 3rd. Finally, Barclays decreased their price objective on Halliburton from $32.00 to $30.00 and set an "equal weight" rating on the stock in a report on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $37.42.

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.