Anchor Capital Advisors LLC Increases Holdings in Halliburton (NYSE:HAL)

Anchor Capital Advisors LLC raised its stake in Halliburton (NYSE:HAL) by 15.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 567,259 shares of the oilfield services company’s stock after acquiring an additional 75,151 shares during the period. Anchor Capital Advisors LLC owned approximately 0.06% of Halliburton worth $15,424,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. MidWestOne Financial Group Inc. grew its position in Halliburton by 4.4% during the 3rd quarter. MidWestOne Financial Group Inc. now owns 8,610 shares of the oilfield services company’s stock valued at $250,000 after purchasing an additional 359 shares during the last quarter. Public Sector Pension Investment Board grew its holdings in shares of Halliburton by 0.3% during the third quarter. Public Sector Pension Investment Board now owns 154,210 shares of the oilfield services company’s stock valued at $4,480,000 after buying an additional 390 shares during the last quarter. Brown Brothers Harriman & Co. lifted its position in Halliburton by 28.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company’s stock valued at $51,000 after acquiring an additional 393 shares in the last quarter. HBW Advisory Services LLC lifted its position in Halliburton by 3.9% in the 4th quarter. HBW Advisory Services LLC now owns 10,504 shares of the oilfield services company’s stock valued at $286,000 after acquiring an additional 397 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its stake in Halliburton by 34.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock valued at $47,000 after purchasing an additional 412 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CFO Eric Carre sold 141,206 shares of the stock in a transaction dated 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 completion of the sale, the chief financial officer now owns 127,101 shares in the company, valued at approximately $3,321,149.13. This trade represents a 52.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.61% of the company’s stock.

Halliburton Trading Up 0.5 %

Shares of NYSE:HAL opened at $26.05 on Friday. The stock has a 50 day moving average of $27.02 and a 200 day moving average of $28.79. The company has a market cap of $22.61 billion, a PE ratio of 9.20, a price-to-earnings-growth ratio of 3.79 and a beta of 1.89. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be paid a $0.17 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.61%. Halliburton’s dividend payout ratio (DPR) is presently 24.03%.

Analyst Ratings Changes

HAL has been the subject of several recent analyst reports. Barclays decreased their price target on Halliburton from $32.00 to $30.00 and set an “equal weight” rating for the company in a research note on Thursday, January 23rd. Royal Bank of Canada restated a “sector perform” rating and set a $34.00 target price on shares of Halliburton in a research note on Thursday, January 23rd. UBS Group lowered shares of Halliburton from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $36.00 to $34.00 in a research note on Monday, December 9th. Raymond James downgraded shares of Halliburton from a “strong-buy” rating to a “market perform” rating in a research report on Monday, January 6th. Finally, Jefferies Financial Group cut their target price on shares of Halliburton from $43.00 to $41.00 and set a “buy” rating for the company in a research report on Friday, January 3rd. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $37.42.

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.