Farringdon Capital Ltd. Acquires New Shares in Halliburton (NYSE:HAL)

Farringdon Capital Ltd. bought a new position in shares of Halliburton (NYSE:HAL) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 27,593 shares of the oilfield services company’s stock, valued at approximately $750,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sanders Capital LLC lifted its holdings in shares of Halliburton by 1.6% during the 4th quarter. Sanders Capital LLC now owns 24,372,694 shares of the oilfield services company’s stock valued at $662,694,000 after purchasing an additional 375,054 shares in the last quarter. Geode Capital Management LLC raised its holdings in Halliburton by 4.4% during the 4th quarter. Geode Capital Management LLC now owns 21,538,632 shares of the oilfield services company’s stock worth $584,139,000 after buying an additional 908,271 shares during the period. Pacer Advisors Inc. raised its holdings in Halliburton by 10.4% during the 4th quarter. Pacer Advisors Inc. now owns 18,530,937 shares of the oilfield services company’s stock worth $503,856,000 after buying an additional 1,748,763 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in Halliburton by 15.6% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 16,093,680 shares of the oilfield services company’s stock valued at $437,587,000 after buying an additional 2,171,722 shares in the last quarter. Finally, Amundi increased its position in shares of Halliburton by 22.2% during the fourth quarter. Amundi now owns 13,068,025 shares of the oilfield services company’s stock worth $353,242,000 after acquiring an additional 2,378,043 shares in the last quarter. 85.23% of the stock is owned by institutional investors and hedge funds.

Halliburton Trading Up 0.8 %

HAL stock opened at $21.42 on Thursday. Halliburton has a one year low of $18.72 and a one year high of $39.37. The stock has a market cap of $18.46 billion, a price-to-earnings ratio of 7.57, a price-to-earnings-growth ratio of 3.79 and a beta of 1.45. The company has a fifty day moving average price of $24.41 and a two-hundred day moving average price of $27.23. 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 Dividend Announcement

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

Wall Street Analyst Weigh In

HAL has been the topic of several research reports. Griffin Securities cut shares of Halliburton from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. Benchmark cut their price target on Halliburton from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. Jefferies Financial Group decreased their price objective on Halliburton from $43.00 to $41.00 and set a “buy” rating for the company in a report on Friday, January 3rd. JPMorgan Chase & Co. cut their target price on Halliburton from $35.00 to $33.00 and set an “overweight” rating on the stock in a research note on Thursday, January 2nd. Finally, Evercore ISI decreased their price target on shares of Halliburton from $43.00 to $35.00 and set an “outperform” rating for the company in a research note on Wednesday, January 15th. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $36.95.

Insider Activity at Halliburton

In related news, CFO Eric Carre sold 141,206 shares of the business’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $26.13, for a total value of $3,689,712.78. Following the completion of the sale, the chief financial officer now directly owns 127,101 shares in the company, valued at $3,321,149.13. The trade was a 52.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Timothy Mckeon sold 10,497 shares of the stock in a transaction on Friday, March 7th. The stock was 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 in the company, valued at $1,913,486.40. The trade was a 11.89 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 206,782 shares of company stock worth $5,321,170. Insiders own 0.61% of the company’s stock.

Halliburton 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.