Argyle Capital Management LLC Boosts Holdings in Halliburton (NYSE:HAL)

Argyle Capital Management LLC lifted its stake in shares of Halliburton (NYSE:HAL) by 5.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 56,686 shares of the oilfield services company’s stock after buying an additional 2,861 shares during the quarter. Argyle Capital Management LLC’s holdings in Halliburton were worth $1,541,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of HAL. Sierra Ocean LLC bought a new stake in Halliburton during the 4th quarter valued at approximately $36,000. Modus Advisors LLC purchased a new position in shares of Halliburton in the 4th quarter valued at approximately $38,000. Continuum Advisory LLC lifted its stake in shares of Halliburton by 101.2% in the 3rd 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 during the period. Venturi Wealth Management LLC boosted its position 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 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 worth $51,000 after purchasing an additional 393 shares during the period. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Morgan Stanley lowered their price objective on Halliburton from $35.00 to $34.00 and set an “overweight” rating for the company in a research report on Monday, November 18th. Barclays lowered their price target on shares of Halliburton from $32.00 to $30.00 and set an “equal weight” rating for the company in a research report on Thursday, January 23rd. Wells Fargo & Company cut their price objective on shares of Halliburton from $39.00 to $34.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $34.00 target price on shares of Halliburton in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. dropped their price target on Halliburton from $35.00 to $33.00 and set an “overweight” rating on the stock in a research report on Thursday, January 2nd. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, Halliburton has a consensus rating of “Moderate Buy” and an average target price of $37.42.

Insider Activity

In other Halliburton news, CFO Eric Carre sold 141,206 shares of Halliburton stock in a transaction that occurred 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. The trade was a 52.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.61% of the stock is owned by corporate insiders.

Halliburton Price Performance

NYSE HAL opened at $26.05 on Friday. Halliburton has a one year low of $25.16 and a one year high of $41.56. The stock has a 50-day moving average of $27.02 and a 200 day moving average of $28.79. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05. The company has a market capitalization of $22.61 billion, a price-to-earnings ratio of 9.20, a PEG ratio of 3.79 and a beta of 1.89.

Halliburton Dividend Announcement

The business also recently declared 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 is presently 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.