Halliburton (NYSE:HAL) Shares Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company increased its stake in Halliburton (NYSE:HAL) by 0.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 706,572 shares of the oilfield services company’s stock after buying an additional 1,080 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Halliburton were worth $19,212,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of HAL. HBW Advisory Services LLC grew its position in Halliburton by 3.9% in the fourth quarter. HBW Advisory Services LLC now owns 10,504 shares of the oilfield services company’s stock valued at $286,000 after acquiring an additional 397 shares in the last quarter. Blume Capital Management Inc. raised its position in shares of Halliburton by 33.3% in the 4th quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company’s stock valued at $44,000 after purchasing an additional 400 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its stake in shares of Halliburton by 3.7% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 12,776 shares of the oilfield services company’s stock valued at $347,000 after buying an additional 453 shares during the last quarter. Integrated Wealth Concepts LLC increased its stake in shares of Halliburton by 0.6% in the fourth quarter. Integrated Wealth Concepts LLC now owns 84,675 shares of the oilfield services company’s stock worth $2,302,000 after buying an additional 484 shares during the last quarter. Finally, UMB Bank n.a. raised its holdings in Halliburton by 14.3% in the fourth quarter. UMB Bank n.a. now owns 4,036 shares of the oilfield services company’s stock valued at $110,000 after acquiring an additional 505 shares in the last quarter. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HAL has been the subject of several research analyst reports. Raymond James downgraded shares of Halliburton from a “strong-buy” rating to a “market perform” rating in a research report on Monday, January 6th. Royal Bank of Canada restated a “sector perform” rating and set a $34.00 price objective on shares of Halliburton in a research note on Thursday, January 23rd. Evercore ISI decreased their target price on Halliburton from $43.00 to $35.00 and set an “outperform” rating for the company in a research report on Wednesday, January 15th. Susquehanna dropped their price target on Halliburton from $32.00 to $30.00 and set a “positive” rating on the stock in a research report on Wednesday, April 23rd. Finally, Benchmark decreased their price objective 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. Eight equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, Halliburton has an average rating of “Moderate Buy” and a consensus price target of $33.84.

Insiders Place Their Bets

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 shares were sold at an average price of $25.00, for a total value of $1,279,475.00. Following the sale, the chief financial officer now directly owns 127,101 shares in the company, valued at $3,177,525. The trade was a 28.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Timothy Mckeon sold 10,497 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $24.60, for a total transaction of $258,226.20. Following the sale, the vice president now owns 77,784 shares of the company’s stock, 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 206,782 shares of company stock worth $5,321,170 over the last ninety days. Company insiders own 0.61% of the company’s stock.

Halliburton Stock Performance

Shares of NYSE HAL opened at $20.60 on Friday. Halliburton has a 12-month low of $18.72 and a 12-month high of $38.35. The company has a current ratio of 2.05, a quick ratio of 1.54 and a debt-to-equity ratio of 0.68. The company has a market cap of $17.76 billion, a PE ratio of 7.28, a P/E/G ratio of 3.79 and a beta of 1.45. The stock has a 50 day simple moving average of $23.11 and a 200-day simple moving average of $26.46.

Halliburton (NYSE:HAL) last posted its quarterly earnings data on Tuesday, April 22nd. The oilfield services company reported $0.60 earnings per share for the quarter, hitting the consensus estimate of $0.60. The business had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.28 billion. Halliburton had a net margin of 10.90% and a return on equity of 26.03%. On average, equities research analysts forecast that Halliburton will post 2.64 EPS for the current year.

Halliburton Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.30%. Halliburton’s dividend payout ratio is presently 28.45%.

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.