BB&T Securities LLC boosted its position in Halliburton (NYSE:HAL) by 126.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 115,731 shares of the oilfield services company’s stock after purchasing an additional 64,671 shares during the period. BB&T Securities LLC’s holdings in Halliburton were worth $5,655,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Calton & Associates Inc. acquired a new stake in shares of Halliburton in the fourth quarter valued at about $128,000. Cerebellum GP LLC acquired a new stake in shares of Halliburton in the fourth quarter valued at about $131,000. Icon Wealth Partners LLC acquired a new stake in shares of Halliburton in the fourth quarter valued at about $147,000. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Halliburton in the third quarter valued at about $184,000. Finally, Nicolet Bankshares Inc. acquired a new stake in shares of Halliburton in the fourth quarter valued at about $193,000. 80.24% of the stock is owned by institutional investors and hedge funds.
Halliburton stock opened at $47.11 on Thursday. Halliburton has a fifty-two week low of $38.18 and a fifty-two week high of $57.86. The company has a quick ratio of 1.72, a current ratio of 2.22 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $39,090.97, a P/E ratio of -88.89, a PEG ratio of 2.19 and a beta of 1.07.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Wednesday, March 7th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend is Tuesday, March 6th. Halliburton’s payout ratio is -135.85%.
In related news, Director Jeffrey Allen Miller sold 29,025 shares of the stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $55.00, for a total transaction of $1,596,375.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Anne L. Beaty sold 2,937 shares of the stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $51.57, for a total value of $151,461.09. Following the sale, the vice president now directly owns 60,839 shares of the company’s stock, valued at $3,137,467.23. The disclosure for this sale can be found here. Insiders have sold 125,922 shares of company stock valued at $6,706,509 over the last ninety days. 0.47% of the stock is currently owned by company insiders.
Several equities research analysts have recently weighed in on the company. BMO Capital Markets set a $63.00 price target on Halliburton and gave the company a “buy” rating in a research note on Tuesday, January 23rd. Loop Capital reissued a “buy” rating and issued a $69.00 price target (up previously from $57.00) on shares of Halliburton in a research note on Tuesday, January 23rd. Jefferies Group set a $57.00 price target on Halliburton and gave the company a “buy” rating in a research note on Thursday, January 4th. Zacks Investment Research cut Halliburton from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. Finally, Sanford C. Bernstein set a $60.00 target price on Halliburton and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twenty-two have assigned a buy rating to the company’s stock. Halliburton has a consensus rating of “Buy” and a consensus price target of $58.83.
Halliburton Company Profile
Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.
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