Treasurer of the State of North Carolina Purchases 2,440 Shares of Halliburton (NYSE:HAL)

Treasurer of the State of North Carolina grew its position in Halliburton (NYSE:HAL) by 0.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 387,715 shares of the oilfield services company’s stock after buying an additional 2,440 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Halliburton were worth $10,542,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Horrell Capital Management Inc. acquired a new position in Halliburton during the fourth quarter valued at approximately $33,000. Sierra Ocean LLC bought a new position in shares of Halliburton in the 4th quarter valued at $36,000. Modus Advisors LLC acquired a new position in shares of Halliburton during the 4th quarter worth $38,000. Blume Capital Management Inc. lifted its position 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 buying an additional 400 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. acquired a new stake in Halliburton in the fourth quarter valued at about $52,000. Institutional investors own 85.23% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Raymond James cut shares of Halliburton from a “strong-buy” rating to a “market perform” rating in a report on Monday, January 6th. Royal Bank of Canada reissued a “sector perform” rating and issued a $34.00 price objective on shares of Halliburton in a research note on Thursday, January 23rd. Evercore ISI decreased their target price on shares of Halliburton from $43.00 to $35.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 15th. Benchmark dropped their price target on Halliburton from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. Finally, Barclays cut their price objective on Halliburton from $30.00 to $29.00 and set an “equal weight” rating on the stock in a report on Monday, March 31st. 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 MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $37.37.

Halliburton Price Performance

Shares of NYSE HAL opened at $21.05 on Friday. The company has a quick ratio of 1.54, a current ratio of 2.05 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $18.14 billion, a PE ratio of 7.44, a P/E/G ratio of 3.79 and a beta of 1.45. The firm has a fifty day simple moving average of $24.67 and a 200 day simple moving average of $27.36. Halliburton has a twelve month low of $18.72 and a twelve month high of $41.55.

Halliburton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date was Wednesday, March 5th. Halliburton’s dividend payout ratio is 24.03%.

Insider Activity at Halliburton

In other news, Director Margaret Katherine Banks sold 3,900 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $24.04, for a total transaction of $93,756.00. Following the transaction, the director now owns 10,551 shares in the company, valued at approximately $253,646.04. This represents a 26.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $3,689,712.78. Following the transaction, the chief financial officer now directly owns 127,101 shares in the company, valued at $3,321,149.13. This trade represents a 52.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 206,782 shares of company stock worth $5,321,170 in the last 90 days. Corporate insiders own 0.61% of the company’s stock.

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.