Resolute Wealth Strategies LLC Purchases 2,899 Shares of Halliburton (NYSE:HAL)

Resolute Wealth Strategies LLC increased its position in shares of Halliburton (NYSE:HAL) by 36.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,953 shares of the oilfield services company’s stock after acquiring an additional 2,899 shares during the period. Resolute Wealth Strategies LLC’s holdings in Halliburton were worth $298,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of HAL. Franklin Resources Inc. increased its holdings in shares of Halliburton by 244.5% in the 3rd quarter. Franklin Resources Inc. now owns 4,513,560 shares of the oilfield services company’s stock worth $138,025,000 after buying an additional 3,203,224 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of Halliburton by 23.1% in the 3rd quarter. Pacer Advisors Inc. now owns 16,782,174 shares of the oilfield services company’s stock worth $487,522,000 after buying an additional 3,150,986 shares during the last quarter. Thompson Siegel & Walmsley LLC bought a new position in shares of Halliburton in the 3rd quarter worth $55,132,000. Van ECK Associates Corp increased its holdings in shares of Halliburton by 31.3% in the 4th quarter. Van ECK Associates Corp now owns 5,100,693 shares of the oilfield services company’s stock worth $138,688,000 after buying an additional 1,214,586 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in shares of 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 worth $160,367,000 after buying an additional 995,649 shares during the last quarter. Institutional investors own 85.23% of the company’s stock.

Halliburton Trading Down 5.3 %

NYSE:HAL opened at $24.98 on Tuesday. The company has a 50-day moving average price of $27.00 and a 200-day moving average price of $28.68. Halliburton has a 12 month low of $24.75 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. The stock has a market cap of $21.68 billion, a price-to-earnings ratio of 8.83, a P/E/G ratio of 3.79 and a beta of 1.89.

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 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 dividend yield of 2.72%. Halliburton’s dividend payout ratio is 24.03%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on HAL. Stifel Nicolaus decreased their price target on shares of Halliburton from $42.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. Barclays cut their price objective on shares of Halliburton from $32.00 to $30.00 and set an “equal weight” rating for the company in a research note 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 research note on Monday, November 18th. Wells Fargo & Company cut their price objective on shares of Halliburton from $39.00 to $34.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. Finally, Raymond James cut shares of Halliburton from a “strong-buy” rating to a “market perform” rating in a research note on Monday, January 6th. 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.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $37.42.

Insider Transactions at Halliburton

In other news, CFO Eric Carre sold 141,206 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $3,321,149.13. This trade represents a 52.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.61% of the company’s stock.

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.