Halliburton (NYSE:HAL) Stock Holdings Increased by Arcadia Investment Management Corp MI

Arcadia Investment Management Corp MI boosted its position in Halliburton (NYSE:HAL) by 3.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 51,890 shares of the oilfield services company’s stock after buying an additional 1,685 shares during the period. Arcadia Investment Management Corp MI’s holdings in Halliburton were worth $1,411,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in HAL. Franklin Resources Inc. grew its holdings in shares of Halliburton by 244.5% during the third quarter. Franklin Resources Inc. now owns 4,513,560 shares of the oilfield services company’s stock valued at $138,025,000 after purchasing an additional 3,203,224 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of Halliburton by 23.1% during the third quarter. Pacer Advisors Inc. now owns 16,782,174 shares of the oilfield services company’s stock valued at $487,522,000 after purchasing an additional 3,150,986 shares during the last quarter. Thompson Siegel & Walmsley LLC bought a new position in shares of Halliburton during the third quarter valued at approximately $55,132,000. Van ECK Associates Corp grew its holdings in shares of Halliburton by 31.3% during the fourth quarter. Van ECK Associates Corp now owns 5,100,693 shares of the oilfield services company’s stock valued at $138,688,000 after purchasing an additional 1,214,586 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in shares of Halliburton by 22.0% during the third quarter. Thrivent Financial for Lutherans now owns 5,520,383 shares of the oilfield services company’s stock valued at $160,367,000 after purchasing an additional 995,649 shares during the last quarter. 85.23% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HAL. Stifel Nicolaus decreased their price objective on Halliburton from $42.00 to $37.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Raymond James lowered Halliburton from a “strong-buy” rating to a “market perform” rating in a report on Monday, January 6th. UBS Group lowered Halliburton from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $36.00 to $34.00 in a report on Monday, December 9th. Griffin Securities lowered Halliburton from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. Finally, Evercore ISI decreased their price objective on Halliburton from $43.00 to $35.00 and set an “outperform” rating for the company in a report on Wednesday, January 15th. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, Halliburton presently has an average rating of “Moderate Buy” and an average price target of $37.42.

Insider Activity

In other 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 completion of the sale, the chief financial officer now owns 127,101 shares in the company, valued at $3,321,149.13. This represents a 52.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.61% of the company’s stock.

Halliburton Price Performance

Shares of NYSE:HAL opened at $27.02 on Friday. Halliburton has a one year low of $25.16 and a one year high of $41.56. The stock has a fifty day moving average of $27.11 and a 200-day moving average of $28.96. The company has a market capitalization of $23.45 billion, a PE ratio of 9.55, a price-to-earnings-growth ratio of 3.76 and a beta of 1.89. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05.

Halliburton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.52%. Halliburton’s dividend payout ratio (DPR) is presently 24.03%.

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.