US Bancorp DE Purchases 8,780 Shares of Halliburton (NYSE:HAL)

US Bancorp DE increased its position in shares of Halliburton (NYSE:HAL) by 5.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 157,502 shares of the oilfield services company’s stock after buying an additional 8,780 shares during the quarter. US Bancorp DE’s holdings in Halliburton were worth $4,282,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Sierra Ocean LLC bought a new position in Halliburton in the fourth quarter valued at approximately $36,000. Continuum Advisory LLC grew its stake in Halliburton by 101.2% in the third quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company’s stock valued at $42,000 after purchasing an additional 698 shares in the last quarter. Modus Advisors LLC bought a new position in Halliburton in the fourth quarter valued at approximately $38,000. Venturi Wealth Management LLC grew its stake in Halliburton by 34.2% in the third 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 in the last quarter. Finally, Brown Brothers Harriman & Co. grew its stake in Halliburton by 28.8% in the third quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company’s stock valued at $51,000 after purchasing an additional 393 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Halliburton

In other news, Director Margaret Katherine Banks sold 3,900 shares of Halliburton stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $24.04, for a total value of $93,756.00. Following the transaction, the director now owns 10,551 shares in the company, valued at approximately $253,646.04. This trade represents a 26.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Eric Carre sold 141,206 shares of Halliburton stock in a transaction 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 transaction, the chief financial officer now 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 disclosure for this sale can be found here. Insiders own 0.61% of the company’s stock.

Halliburton Price Performance

Shares of NYSE HAL opened at $24.22 on Thursday. The stock has a market capitalization of $21.02 billion, a PE ratio of 8.56, a P/E/G ratio of 3.79 and a beta of 1.84. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 1.54. The business has a fifty day moving average price of $26.89 and a two-hundred day moving average price of $28.60. Halliburton has a fifty-two week low of $23.42 and a fifty-two week high of $41.56.

Halliburton Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be issued a $0.17 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.68 annualized dividend and a yield of 2.81%. Halliburton’s dividend payout ratio is presently 24.03%.

Analysts Set New Price Targets

A number of research analysts have weighed in on HAL shares. Jefferies Financial Group decreased their price target on Halliburton from $43.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. Wells Fargo & Company decreased their price target on Halliburton from $39.00 to $34.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. Griffin Securities cut Halliburton from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. Stifel Nicolaus cut their price objective on Halliburton from $42.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Finally, Barclays cut their price objective on Halliburton from $32.00 to $30.00 and set an “equal weight” rating for the company in a research report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $37.42.

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.