Allianz SE Takes Position in Halliburton (NYSE:HAL)

Allianz SE purchased a new position in Halliburton (NYSE:HAL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 43,624 shares of the oilfield services company’s stock, valued at approximately $1,177,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of HAL. Bank of Montreal Can raised its position in shares of Halliburton by 1.4% in the 3rd quarter. Bank of Montreal Can now owns 902,208 shares of the oilfield services company’s stock valued at $25,848,000 after buying an additional 12,810 shares in the last quarter. D.A. Davidson & CO. raised its position in Halliburton by 5.0% during the third quarter. D.A. Davidson & CO. now owns 26,643 shares of the oilfield services company’s stock valued at $774,000 after purchasing an additional 1,274 shares in the last quarter. Townsquare Capital LLC lifted its stake in Halliburton by 10.1% during the third quarter. Townsquare Capital LLC now owns 28,350 shares of the oilfield services company’s stock worth $824,000 after purchasing an additional 2,610 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Halliburton in the 3rd quarter valued at $1,461,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Halliburton by 12.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 395,772 shares of the oilfield services company’s stock valued at $11,497,000 after purchasing an additional 43,895 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Halliburton Trading Down 1.0 %

NYSE HAL opened at $25.08 on Friday. The stock has a market capitalization of $21.77 billion, a P/E ratio of 8.86, a P/E/G ratio of 3.79 and a beta of 1.84. The business has a 50 day simple moving average of $25.99 and a 200 day simple moving average of $27.95. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 1.54. Halliburton has a one year low of $23.42 and a one year high of $41.56.

Halliburton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.17 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.71%. Halliburton’s dividend payout ratio (DPR) is presently 24.03%.

Wall Street Analysts Forecast Growth

HAL has been the topic of several research analyst reports. UBS Group lowered Halliburton from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $36.00 to $34.00 in a research note on Monday, December 9th. Piper Sandler initiated coverage on shares of Halliburton in a report on Thursday, December 19th. They set an “overweight” rating and a $36.00 price target on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Halliburton from $35.00 to $33.00 and set an “overweight” rating for the company in a research note on Thursday, January 2nd. Jefferies Financial Group decreased their target price on shares of Halliburton from $43.00 to $41.00 and set a “buy” rating on the stock in a research note on Friday, January 3rd. Finally, Wells Fargo & Company lowered their price target on shares of Halliburton from $39.00 to $34.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $37.42.

Insider Activity

In related news, 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 sale, the chief financial officer now 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 can be accessed through the SEC website. Also, Director Margaret Katherine Banks sold 3,900 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $24.04, for a total transaction of $93,756.00. Following 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 position. The disclosure for this sale can be found here. Insiders sold a total of 206,782 shares of company stock worth $5,321,170 in the last three months. Company 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.