Halliburton (NYSE:HAL) Shares Purchased by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC lifted its holdings in Halliburton (NYSE:HAL) by 20.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,334 shares of the oilfield services company’s stock after purchasing an additional 1,888 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Halliburton were worth $308,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Franklin Resources Inc. raised its stake in shares of Halliburton by 244.5% during the 3rd quarter. Franklin Resources Inc. now owns 4,513,560 shares of the oilfield services company’s stock valued at $138,025,000 after buying an additional 3,203,224 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Halliburton by 23.1% during the 3rd quarter. Pacer Advisors Inc. now owns 16,782,174 shares of the oilfield services company’s stock valued at $487,522,000 after buying an additional 3,150,986 shares during the last quarter. Thompson Siegel & Walmsley LLC purchased a new position in shares of Halliburton during the 3rd quarter valued at about $55,132,000. Van ECK Associates Corp raised its stake in shares of Halliburton by 31.3% during the 4th quarter. Van ECK Associates Corp now owns 5,100,693 shares of the oilfield services company’s stock valued at $138,688,000 after buying an additional 1,214,586 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its stake in shares of Halliburton by 22.0% during 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 during the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on HAL. Morgan Stanley reduced their price objective on Halliburton from $35.00 to $34.00 and set an “overweight” rating for the company in a research note on Monday, November 18th. UBS Group lowered Halliburton from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $36.00 to $34.00 in a research note on Monday, December 9th. Susquehanna reduced 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. Evercore ISI dropped their target price on Halliburton from $43.00 to $35.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 15th. Finally, Griffin Securities cut Halliburton from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $37.42.

Insider Transactions at Halliburton

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

Halliburton Trading Down 2.8 %

HAL stock opened at $26.25 on Friday. The stock has a market cap of $22.78 billion, a price-to-earnings ratio of 9.27, a PEG ratio of 3.76 and a beta of 1.89. The business’s 50-day moving average is $27.06 and its 200 day moving average is $28.92. Halliburton has a 12-month low of $25.16 and a 12-month high of $41.56. 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 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.59%. The ex-dividend date of this dividend is Wednesday, March 5th. Halliburton’s dividend payout ratio is currently 24.03%.

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.