Sava Infond d.o.o. Purchases Shares of 12,000 Halliburton (NYSE:HAL)

Sava Infond d.o.o. acquired a new position in Halliburton (NYSE:HAL) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 12,000 shares of the oilfield services company’s stock, valued at approximately $326,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Franklin Resources Inc. raised its position in Halliburton by 244.5% in the third quarter. Franklin Resources Inc. now owns 4,513,560 shares of the oilfield services company’s stock worth $138,025,000 after acquiring an additional 3,203,224 shares during the period. Amundi increased its stake in shares of Halliburton by 22.2% in the 4th quarter. Amundi now owns 13,068,025 shares of the oilfield services company’s stock worth $353,242,000 after purchasing an additional 2,378,043 shares in the last quarter. Pacer Advisors Inc. raised its holdings in Halliburton by 10.4% in the 4th quarter. Pacer Advisors Inc. now owns 18,530,937 shares of the oilfield services company’s stock worth $503,856,000 after purchasing an additional 1,748,763 shares during the period. OFI Invest Asset Management purchased a new position in Halliburton during the fourth quarter valued at $32,683,000. Finally, Van ECK Associates Corp grew its holdings in Halliburton by 31.3% during the fourth quarter. Van ECK Associates Corp now owns 5,100,693 shares of the oilfield services company’s stock valued at $138,688,000 after purchasing an additional 1,214,586 shares during the period. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Analysts Set New Price Targets

HAL has been the subject of several analyst reports. Benchmark reduced their target price on shares of Halliburton from $40.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Wells Fargo & Company decreased their price objective on shares of Halliburton from $39.00 to $34.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. Evercore ISI dropped their target price on shares of Halliburton from $43.00 to $35.00 and set an “outperform” rating for the company in a report on Wednesday, January 15th. Piper Sandler began coverage on Halliburton in a report on Thursday, December 19th. They set an “overweight” rating and a $36.00 price target on the stock. Finally, JPMorgan Chase & Co. dropped their price objective on Halliburton from $35.00 to $33.00 and set an “overweight” rating for the company in a research note on Thursday, January 2nd. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $37.42.

Halliburton Stock Performance

Shares of NYSE:HAL opened at $25.33 on Friday. 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 has a 12 month low of $23.42 and a 12 month high of $41.56. The company has a market capitalization of $21.99 billion, a price-to-earnings ratio of 8.95, a PEG ratio of 3.79 and a beta of 1.84. The firm’s 50-day moving average is $26.08 and its 200 day moving average is $27.97.

Halliburton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date was Wednesday, March 5th. Halliburton’s dividend payout ratio is currently 24.03%.

Insider Activity at Halliburton

In related news, CFO Eric Carre sold 51,179 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $25.00, for a total value of $1,279,475.00. Following the completion of the sale, the chief financial officer now owns 127,101 shares in the company, valued at approximately $3,177,525. The trade was a 28.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Timothy Mckeon sold 10,497 shares of the firm’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $24.60, for a total value of $258,226.20. Following the transaction, the vice president now owns 77,784 shares in the company, valued at $1,913,486.40. The trade was a 11.89 % decrease in their ownership of the stock. 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 quarter. 0.61% of the stock is owned by company insiders.

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.