Farringdon Capital Ltd. Makes New Investment in Halliburton (NYSE:HAL)

Farringdon Capital Ltd. purchased a new position in shares of Halliburton (NYSE:HAL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 27,593 shares of the oilfield services company’s stock, valued at approximately $750,000.

Several other hedge funds also recently modified their holdings of HAL. Horrell Capital Management Inc. acquired a new position in Halliburton during the 4th quarter valued at $33,000. Sierra Ocean LLC acquired a new position in shares of Halliburton during the fourth quarter valued at about $36,000. Modus Advisors LLC acquired a new position in shares of Halliburton during the fourth quarter valued at about $38,000. Blume Capital Management Inc. lifted its stake in shares of Halliburton by 33.3% in the fourth quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company’s stock valued at $44,000 after buying an additional 400 shares during the period. Finally, Wingate Wealth Advisors Inc. acquired a new stake in Halliburton during the fourth quarter worth about $52,000. 85.23% of the stock is owned by institutional investors.

Halliburton Stock Up 0.8 %

Shares of NYSE:HAL opened at $21.42 on Thursday. 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 firm has a market cap of $18.46 billion, a P/E ratio of 7.57, a P/E/G ratio of 3.79 and a beta of 1.45. Halliburton has a 12 month low of $18.72 and a 12 month high of $39.37. The company’s 50-day moving average price is $24.41 and its two-hundred day moving average price is $27.23.

Halliburton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.68 annualized dividend and a dividend yield of 3.17%. Halliburton’s dividend payout ratio (DPR) is currently 24.03%.

Insider Activity at Halliburton

In other news, VP Timothy Mckeon sold 10,497 shares of the firm’s stock in a transaction dated Friday, March 7th. The shares were 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 of the company’s stock, valued at approximately $1,913,486.40. This trade represents a 11.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Eric Carre sold 141,206 shares of the business’s stock in a transaction that occurred on 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 sale, the chief financial officer now directly 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 206,782 shares of company stock valued at $5,321,170 over the last quarter. Corporate insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

HAL has been the subject of a number of research reports. Stifel Nicolaus reduced their price objective on Halliburton from $42.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Evercore ISI decreased their price target 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. Susquehanna lowered their price target on shares of Halliburton from $35.00 to $32.00 and set a “positive” rating on the stock in a report on Monday. Jefferies Financial Group reduced their price objective on shares of Halliburton from $43.00 to $41.00 and set a “buy” rating for the company in a report on Friday, January 3rd. Finally, Raymond James lowered shares of Halliburton from a “strong-buy” rating to a “market perform” rating in a research report on Monday, January 6th. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, Halliburton currently has an average rating of “Moderate Buy” and an average price target of $36.95.

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.