Sava Infond d.o.o. Acquires New Holdings in Halliburton (NYSE:HAL)

Sava Infond d.o.o. bought a new position in Halliburton (NYSE:HAL) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 12,000 shares of the oilfield services company’s stock, valued at approximately $326,000.

Several other hedge funds have also modified their holdings of the company. Penserra Capital Management LLC lifted its position in Halliburton by 39.9% during the third quarter. Penserra Capital Management LLC now owns 15,209 shares of the oilfield services company’s stock valued at $441,000 after acquiring an additional 4,340 shares during the last quarter. Daiwa Securities Group Inc. increased its position in shares of Halliburton by 11.6% during the third quarter. Daiwa Securities Group Inc. now owns 108,054 shares of the oilfield services company’s stock worth $3,139,000 after purchasing an additional 11,224 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Halliburton by 20.0% during the 3rd quarter. Fisher Asset Management LLC now owns 508,889 shares of the oilfield services company’s stock valued at $14,783,000 after purchasing an additional 84,796 shares during the last quarter. Brown Brothers Harriman & Co. boosted its position in shares of Halliburton by 28.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company’s stock worth $51,000 after purchasing an additional 393 shares in the last quarter. Finally, Bank of Montreal Can grew its stake in Halliburton by 1.4% during the 3rd quarter. Bank of Montreal Can now owns 902,208 shares of the oilfield services company’s stock worth $25,848,000 after buying an additional 12,810 shares during the last quarter. 85.23% of the stock is owned by hedge funds and other institutional investors.

Halliburton Trading Down 1.4 %

HAL opened at $25.33 on Friday. The business has a fifty day moving average price of $26.08 and a 200 day moving average price of $27.97. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 1.54. Halliburton has a 12 month low of $23.42 and a 12 month high of $41.56. The stock 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.

Halliburton Announces Dividend

The company also recently announced 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 2.68%. Halliburton’s payout ratio is 24.03%.

Analyst Ratings Changes

Several brokerages have weighed in on HAL. Evercore ISI lowered their price target on Halliburton from $43.00 to $35.00 and set an “outperform” rating for the company in a report on Wednesday, January 15th. Piper Sandler started coverage on shares of Halliburton in a research note on Thursday, December 19th. They issued an “overweight” rating and a $36.00 target price for the company. Jefferies Financial Group cut their price target on shares of Halliburton from $43.00 to $41.00 and set a “buy” rating on the stock in a research note on Friday, January 3rd. Royal Bank of Canada reissued a “sector perform” rating and set a $34.00 price objective on shares of Halliburton in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. reduced 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 research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, Halliburton currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.42.

Insider Activity at Halliburton

In related news, Director Margaret Katherine Banks sold 3,900 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $24.04, for a total transaction of $93,756.00. Following the completion of the sale, the director now owns 10,551 shares in the company, valued at $253,646.04. The trade was a 26.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Eric Carre sold 141,206 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $26.13, for a total value of $3,689,712.78. Following the completion of the transaction, the chief financial officer now directly owns 127,101 shares of the company’s stock, valued at $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 have sold a total of 206,782 shares of company stock valued at $5,321,170 over the last 90 days. 0.61% of the stock is owned by corporate insiders.

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.