Pitcairn Co. Acquires 617 Shares of Halliburton (NYSE:HAL)

Pitcairn Co. grew its holdings in shares of Halliburton (NYSE:HAL) by 3.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,835 shares of the oilfield services company’s stock after buying an additional 617 shares during the quarter. Pitcairn Co.’s holdings in Halliburton were worth $485,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. MidWestOne Financial Group Inc. raised its holdings in Halliburton by 4.4% in the 3rd quarter. MidWestOne Financial Group Inc. now owns 8,610 shares of the oilfield services company’s stock valued at $250,000 after acquiring an additional 359 shares in the last quarter. HBW Advisory Services LLC raised its position in shares of Halliburton by 3.9% in the 4th quarter. HBW Advisory Services LLC now owns 10,504 shares of the oilfield services company’s stock valued at $286,000 after buying an additional 397 shares in the last quarter. Blume Capital Management Inc. lifted its holdings in shares of Halliburton by 33.3% during the 4th quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company’s stock worth $44,000 after acquiring an additional 400 shares during the period. Wilmington Savings Fund Society FSB increased its stake in Halliburton by 3.7% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 12,776 shares of the oilfield services company’s stock valued at $347,000 after acquiring an additional 453 shares during the last quarter. Finally, UMB Bank n.a. raised its position in Halliburton by 14.3% during the fourth quarter. UMB Bank n.a. now owns 4,036 shares of the oilfield services company’s stock valued at $110,000 after purchasing an additional 505 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Halliburton

In other Halliburton news, CFO Eric Carre sold 141,206 shares of Halliburton stock in a transaction on 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 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 Securities & Exchange Commission, which is accessible through this link. Also, VP Timothy Mckeon sold 10,497 shares of the business’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 completion of the transaction, the vice president now owns 77,784 shares of the company’s stock, valued at $1,913,486.40. This represents a 11.89 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 206,782 shares of company stock worth $5,321,170. 0.61% of the stock is owned by corporate insiders.

Analyst Ratings Changes

HAL has been the topic of a number of research reports. Benchmark reduced their price objective on Halliburton from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. JPMorgan Chase & Co. decreased their price objective on shares of Halliburton from $35.00 to $33.00 and set an “overweight” rating for the company in a research report on Thursday, January 2nd. Griffin Securities downgraded Halliburton from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $34.00 price target on shares of Halliburton in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company lowered their target price on Halliburton from $39.00 to $34.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.37.

Halliburton Trading Down 11.0 %

Halliburton stock opened at $19.93 on Friday. Halliburton has a 12 month low of $19.59 and a 12 month high of $41.56. The company has a market capitalization of $17.30 billion, a price-to-earnings ratio of 7.04, a price-to-earnings-growth ratio of 3.79 and a beta of 1.45. The business’s fifty day simple moving average is $25.49 and its two-hundred day simple moving average is $27.79. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 3.41%. The ex-dividend date was Wednesday, March 5th. Halliburton’s dividend payout ratio (DPR) is 24.03%.

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.