D.A. Davidson & CO. Purchases 9,184 Shares of Halliburton (NYSE:HAL)

D.A. Davidson & CO. lifted its holdings in Halliburton (NYSE:HAL) by 34.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 35,827 shares of the oilfield services company’s stock after acquiring an additional 9,184 shares during the quarter. D.A. Davidson & CO.’s holdings in Halliburton were worth $974,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Mediolanum International Funds Ltd grew its position in shares of Halliburton by 48.2% during the 4th quarter. Mediolanum International Funds Ltd now owns 71,797 shares of the oilfield services company’s stock valued at $1,931,000 after acquiring an additional 23,340 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its holdings in Halliburton by 3.7% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,257,250 shares of the oilfield services company’s stock valued at $61,375,000 after purchasing an additional 80,567 shares during the period. Congress Asset Management Co. bought a new position in Halliburton during the fourth quarter valued at $621,000. Cary Street Partners Asset Management LLC increased its position in Halliburton by 56.5% in the third quarter. Cary Street Partners Asset Management LLC now owns 157,085 shares of the oilfield services company’s stock worth $4,563,000 after buying an additional 56,707 shares during the last quarter. Finally, Massachusetts Wealth Management raised its stake in shares of Halliburton by 180.9% in the fourth quarter. Massachusetts Wealth Management now owns 43,675 shares of the oilfield services company’s stock valued at $1,188,000 after buying an additional 28,125 shares during the period. 85.23% of the stock is owned by institutional investors.

Analyst Ratings Changes

HAL has been the subject of several research reports. Griffin Securities downgraded Halliburton from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Evercore ISI reduced their target price on shares of 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 price target on shares of Halliburton from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. Morgan Stanley cut their price objective on shares of Halliburton from $35.00 to $34.00 and set an “overweight” rating for the company in a report on Monday, November 18th. Finally, Susquehanna lowered their target price on shares of Halliburton from $42.00 to $40.00 and set a “positive” rating on the stock in a report on Friday, November 8th. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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 shares were 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 directly owns 127,101 shares in the company, valued at approximately $3,321,149.13. The trade was a 52.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.61% of the company’s stock.

Halliburton Stock Performance

Halliburton stock opened at $26.25 on Monday. Halliburton has a fifty-two week low of $25.16 and a fifty-two week high of $41.56. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05. The stock has a market cap of $22.78 billion, a P/E ratio of 9.27, a price-to-earnings-growth ratio of 3.79 and a beta of 1.89. The firm’s fifty day moving average price is $27.06 and its 200-day moving average price is $28.90.

Halliburton Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend is Wednesday, March 5th. Halliburton’s dividend payout ratio (DPR) is currently 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.