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

Treasurer of the State of North Carolina raised its holdings in Halliburton (NYSE:HAL) by 0.6% during the fourth quarter, according to its most recent disclosure 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 period. Treasurer of the State of North Carolina’s holdings in Halliburton were worth $10,542,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. lowered their price target on Halliburton from $35.00 to $33.00 and set an “overweight” rating for the company in a research report on Thursday, January 2nd. Wells Fargo & Company dropped their price target on shares of Halliburton from $39.00 to $34.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. Evercore ISI cut their price target on shares of Halliburton from $43.00 to $35.00 and set an “outperform” rating on the stock in a report on Wednesday, January 15th. Griffin Securities lowered shares of Halliburton from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $34.00 target price on shares of Halliburton in a research note on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $37.37.

Insider Buying and Selling at Halliburton

In other Halliburton news, CFO Eric Carre sold 141,206 shares of Halliburton 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 completion of the transaction, the chief financial officer now owns 127,101 shares of the company’s stock, valued at $3,321,149.13. The trade was a 52.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Timothy Mckeon sold 10,497 shares of the stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $24.60, for a total transaction of $258,226.20. Following the completion of the sale, the vice president now directly owns 77,784 shares in the company, valued at approximately $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 have sold 206,782 shares of company stock valued at $5,321,170 in the last 90 days. 0.61% of the stock is currently owned by company insiders.

Halliburton Price Performance

Shares of NYSE:HAL opened at $21.05 on Friday. The firm 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 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 50-day moving average price of $24.67 and a two-hundred day moving average price 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. Investors of record on Wednesday, March 5th were paid a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.68 dividend on an annualized basis and a yield of 3.23%. Halliburton’s dividend payout ratio is 24.03%.

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.