Mesirow Financial Investment Management Inc. Buys 10,506 Shares of Halliburton (NYSE:HAL)

Mesirow Financial Investment Management Inc. raised its stake in Halliburton (NYSE:HAL) by 100.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,004 shares of the oilfield services company’s stock after acquiring an additional 10,506 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Halliburton were worth $571,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of HAL. Sierra Ocean LLC bought a new stake in Halliburton in the fourth quarter valued at $36,000. Modus Advisors LLC bought a new stake in Halliburton in the fourth quarter valued at $38,000. Continuum Advisory LLC grew its position 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 acquiring an additional 698 shares during the period. Venturi Wealth Management LLC grew its holdings in shares of Halliburton by 34.2% during the third quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock worth $47,000 after purchasing an additional 412 shares during the last quarter. Finally, Brown Brothers Harriman & Co. grew its holdings in shares of Halliburton by 28.8% during the third quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company’s stock worth $51,000 after purchasing an additional 393 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Halliburton 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 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 $3,321,149.13. This represents a 52.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Margaret Katherine Banks sold 3,900 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $24.04, for a total value of $93,756.00. Following the completion of the sale, the director now owns 10,551 shares of the company’s stock, valued at $253,646.04. This trade represents a 26.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on HAL shares. Jefferies Financial Group decreased their target price on Halliburton from $43.00 to $41.00 and set a “buy” rating on the stock in a report on Friday, January 3rd. Stifel Nicolaus decreased their target price on Halliburton from $42.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. Morgan Stanley decreased their target price on Halliburton from $35.00 to $34.00 and set an “overweight” rating on the stock in a report on Monday, November 18th. Barclays decreased their target price on Halliburton from $32.00 to $30.00 and set an “equal weight” rating on the stock in a report on Thursday, January 23rd. Finally, UBS Group cut Halliburton from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $36.00 to $34.00 in a report on Monday, December 9th. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.42.

Halliburton Trading Up 2.3 %

NYSE:HAL opened at $25.00 on Friday. Halliburton has a 1-year low of $23.42 and a 1-year high of $41.56. The business’s 50-day moving average price is $26.81 and its two-hundred day moving average price is $28.51. 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 firm has a market capitalization of $21.70 billion, a price-to-earnings ratio of 8.83, a PEG ratio of 3.79 and a beta of 1.84.

Halliburton Dividend Announcement

The firm also recently declared 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 dividend yield of 2.72%. Halliburton’s dividend payout ratio (DPR) is currently 24.03%.

About Halliburton

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.