Gateway Investment Advisers LLC Acquires 45,961 Shares of Halliburton (NYSE:HAL)

Gateway Investment Advisers LLC increased its holdings in shares of Halliburton (NYSE:HAL - Free Report) by 10.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 469,346 shares of the oilfield services company's stock after buying an additional 45,961 shares during the period. Gateway Investment Advisers LLC owned about 0.05% of Halliburton worth $11,907,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Halliburton in the fourth quarter worth $299,986,000. Amundi lifted its holdings in Halliburton by 22.2% during the 4th quarter. Amundi now owns 13,068,025 shares of the oilfield services company's stock worth $353,242,000 after buying an additional 2,378,043 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of Halliburton by 15.6% in the 4th 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 during the last quarter. Twinbeech Capital LP increased its stake in shares of Halliburton by 314.1% in the fourth quarter. Twinbeech Capital LP now owns 2,044,661 shares of the oilfield services company's stock valued at $55,594,000 after buying an additional 1,550,920 shares during the period. Finally, Freestone Grove Partners LP bought a new position in shares of Halliburton during the fourth quarter worth about $41,484,000. 85.23% of the stock is owned by institutional investors.

Halliburton Price Performance

Shares of NYSE:HAL opened at $20.50 on Friday. Halliburton has a twelve month low of $18.72 and a twelve month high of $37.08. The stock's 50 day moving average is $20.68 and its 200-day moving average is $24.92. 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 capitalization of $17.62 billion, a price-to-earnings ratio of 7.24, a PEG ratio of 3.79 and a beta of 1.19.

Halliburton (NYSE:HAL - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The oilfield services company reported $0.60 EPS for the quarter, meeting analysts' consensus estimates of $0.60. Halliburton had a net margin of 10.90% and a return on equity of 26.03%. The business had revenue of $5.42 billion during the quarter, compared to analyst estimates of $5.28 billion. Sell-side analysts forecast that Halliburton will post 2.64 EPS for the current fiscal year.

Halliburton Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.32%. Halliburton's dividend payout ratio is presently 28.45%.

Insider Buying and Selling

In related news, CFO Eric Carre sold 51,179 shares of Halliburton stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $25.00, for a total transaction of $1,279,475.00. Following the transaction, the chief financial officer now owns 127,101 shares of the company's stock, valued at $3,177,525. The trade was a 28.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.56% of the stock is currently owned by company insiders.

Analyst Ratings Changes

HAL has been the subject of a number of recent analyst reports. Wells Fargo & Company increased their target price on shares of Halliburton from $27.00 to $28.00 and gave the company an "overweight" rating in a research report on Thursday. Stifel Nicolaus decreased their price objective on shares of Halliburton from $37.00 to $32.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. The Goldman Sachs Group lowered their target price on shares of Halliburton from $27.00 to $24.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Hsbc Global Res raised shares of Halliburton to a "hold" rating in a research report on Wednesday, April 23rd. Finally, Morgan Stanley decreased their price target on Halliburton from $34.00 to $28.00 and set an "overweight" rating for the company in a report on Friday, May 16th. Eight research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, Halliburton currently has a consensus rating of "Moderate Buy" and an average target price of $33.58.

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.

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