Halliburton (NYSE:HAL) Shares Bought by Virtu Financial LLC

Virtu Financial LLC raised its position in Halliburton (NYSE:HAL - Free Report) by 100.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,632 shares of the oilfield services company's stock after purchasing an additional 16,351 shares during the period. Virtu Financial LLC's holdings in Halliburton were worth $887,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of HAL. Mediolanum International Funds Ltd boosted its stake in Halliburton by 48.2% in the 4th quarter. Mediolanum International Funds Ltd now owns 71,797 shares of the oilfield services company's stock worth $1,931,000 after buying an additional 23,340 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Halliburton by 3.7% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,257,250 shares of the oilfield services company's stock worth $61,375,000 after acquiring an additional 80,567 shares during the last quarter. Congress Asset Management Co. purchased a new stake in Halliburton in the fourth quarter valued at approximately $621,000. Massachusetts Wealth Management increased its position in Halliburton by 180.9% during the fourth quarter. Massachusetts Wealth Management now owns 43,675 shares of the oilfield services company's stock worth $1,188,000 after purchasing an additional 28,125 shares during the last quarter. Finally, Scott & Selber Inc. raised its stake in Halliburton by 109.9% during the fourth quarter. Scott & Selber Inc. now owns 81,335 shares of the oilfield services company's stock worth $2,211,000 after purchasing an additional 42,590 shares during the period. 85.23% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling at Halliburton

In other Halliburton news, CFO Eric Carre sold 141,206 shares of Halliburton stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $26.13, for a total transaction of $3,689,712.78. Following the sale, the chief financial officer now owns 127,101 shares of the company's stock, valued at $3,321,149.13. The trade was a 52.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Timothy Mckeon sold 10,497 shares of the 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 completion of the transaction, the vice president now directly owns 77,784 shares of the company's stock, valued at approximately $1,913,486.40. The trade was a 11.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 206,782 shares of company stock valued at $5,321,170 in the last ninety days. Company insiders own 0.61% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on HAL shares. Piper Sandler initiated coverage on Halliburton in a report on Thursday, December 19th. They set an "overweight" rating and a $36.00 price objective for the company. Stifel Nicolaus reduced their price target on shares of Halliburton from $42.00 to $37.00 and set a "buy" rating on the stock in a research report on Thursday, January 23rd. Evercore ISI cut their target price on shares of Halliburton from $43.00 to $35.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 15th. Raymond James downgraded Halliburton from a "strong-buy" rating to a "market perform" rating in a report on Monday, January 6th. Finally, UBS Group cut Halliburton from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $36.00 to $34.00 in a research note on Monday, December 9th. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, Halliburton currently has an average rating of "Moderate Buy" and an average price target of $37.42.

Halliburton Stock Performance

Shares of NYSE:HAL traded up $0.05 during trading on Tuesday, hitting $25.65. 9,031,924 shares of the company traded hands, compared to its average volume of 8,843,943. The stock has a market capitalization of $22.27 billion, a price-to-earnings ratio of 9.06, a PEG ratio of 3.79 and a beta of 1.84. Halliburton has a one year low of $23.42 and a one year 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's fifty day moving average is $26.28 and its 200-day moving average is $28.03.

Halliburton Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be given 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 2.65%. Halliburton's dividend payout ratio is presently 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.