Halliburton (NYSE:HAL) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. increased its holdings in shares of Halliburton (NYSE:HAL - Free Report) by 57.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,490,867 shares of the oilfield services company's stock after buying an additional 543,676 shares during the period. Victory Capital Management Inc. owned about 0.17% of Halliburton worth $40,537,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its holdings in Halliburton by 0.8% during the third quarter. Geode Capital Management LLC now owns 20,630,361 shares of the oilfield services company's stock valued at $597,234,000 after purchasing an additional 172,505 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Halliburton by 10.4% during the 4th quarter. Pacer Advisors Inc. now owns 18,530,937 shares of the oilfield services company's stock worth $503,856,000 after purchasing an additional 1,748,763 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Halliburton by 2.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,742,352 shares of the oilfield services company's stock worth $166,815,000 after purchasing an additional 115,504 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in Halliburton by 22.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 5,520,383 shares of the oilfield services company's stock valued at $160,367,000 after buying an additional 995,649 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Halliburton by 3.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,435,299 shares of the oilfield services company's stock worth $147,786,000 after buying an additional 187,150 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

HAL has been the topic of several research reports. Piper Sandler began coverage on Halliburton in a research report on Thursday, December 19th. They issued an "overweight" rating and a $36.00 target price on the stock. Evercore ISI reduced their price objective on Halliburton from $43.00 to $35.00 and set an "outperform" rating for the company in a research note on Wednesday, January 15th. Benchmark lowered their target price on shares of Halliburton from $40.00 to $35.00 and set a "buy" rating on the stock in a research note on Thursday, January 23rd. Raymond James cut shares of Halliburton from a "strong-buy" rating to a "market perform" rating in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Halliburton from $35.00 to $33.00 and set an "overweight" rating for the company in a research note on Thursday, January 2nd. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $37.42.

Insider Buying and Selling

In other Halliburton news, VP Timothy Mckeon sold 10,497 shares of the firm's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $24.60, for a total value of $258,226.20. Following the sale, the vice president now directly owns 77,784 shares in the company, valued at $1,913,486.40. This trade represents a 11.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Eric Carre sold 141,206 shares of the company's stock in a transaction dated 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 transaction, the chief financial officer now directly owns 127,101 shares of the company's stock, valued at approximately $3,321,149.13. This represents a 52.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 155,603 shares of company stock worth $4,041,695 over the last 90 days. 0.61% of the stock is owned by insiders.

Halliburton Trading Up 0.2 %

NYSE:HAL traded up $0.06 on Wednesday, reaching $24.72. 6,258,627 shares of the company's stock were exchanged, compared to its average volume of 10,964,131. The firm has a market capitalization of $21.46 billion, a price-to-earnings ratio of 8.73, a price-to-earnings-growth ratio of 3.79 and a beta of 1.84. Halliburton has a 52-week low of $23.42 and a 52-week high of $41.56. 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 business has a fifty day moving average of $26.72 and a 200-day moving average of $28.39.

Halliburton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.68 annualized dividend and a yield of 2.75%. Halliburton's dividend payout ratio (DPR) is 24.03%.

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.