Halliburton (NYSE:HAL) Stake Boosted by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in Halliburton (NYSE:HAL - Free Report) by 15.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,093,680 shares of the oilfield services company's stock after purchasing an additional 2,171,722 shares during the quarter. Halliburton makes up about 1.5% of Barrow Hanley Mewhinney & Strauss LLC's investment portfolio, making the stock its 25th largest holding. Barrow Hanley Mewhinney & Strauss LLC owned about 1.83% of Halliburton worth $437,587,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in HAL. Horrell Capital Management Inc. bought a new position in shares of Halliburton during the fourth quarter worth about $33,000. Sierra Ocean LLC acquired a new stake in shares of Halliburton in the fourth quarter valued at approximately $36,000. Blume Capital Management Inc. raised its holdings in shares of Halliburton by 33.3% during the fourth quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company's stock valued at $44,000 after buying an additional 400 shares during the last quarter. Wingate Wealth Advisors Inc. acquired a new position in shares of Halliburton during the fourth quarter worth approximately $52,000. Finally, Quent Capital LLC grew its holdings in Halliburton by 261.1% in the 4th quarter. Quent Capital LLC now owns 2,246 shares of the oilfield services company's stock worth $61,000 after buying an additional 1,624 shares in the last quarter. Institutional investors own 85.23% of the company's stock.

Halliburton Price Performance

NYSE HAL opened at $19.95 on Friday. Halliburton has a fifty-two week low of $18.72 and a fifty-two week high of $37.08. The stock's 50-day moving average is $21.84 and its two-hundred day moving average is $25.72. The firm has a market cap of $17.15 billion, a P/E ratio of 7.05, a price-to-earnings-growth ratio of 3.79 and a beta of 1.19. 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 (NYSE:HAL - Get Free Report) last issued its quarterly earnings data 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 return on equity of 26.03% and a net margin of 10.90%. The business had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.28 billion. On average, analysts anticipate that Halliburton will post 2.64 earnings per share for the current fiscal year.

Halliburton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.41%. Halliburton's payout ratio is 28.45%.

Insider Buying and Selling

In other Halliburton 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 value of $1,279,475.00. Following the transaction, the chief financial officer now directly owns 127,101 shares of the company's stock, valued at $3,177,525. The trade was a 28.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Margaret Katherine Banks sold 3,900 shares of the company'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 value of $93,756.00. Following the transaction, the director now owns 10,551 shares of the company's stock, valued at approximately $253,646.04. This trade represents a 26.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 65,576 shares of company stock valued at $1,631,457. Company insiders own 0.56% of the company's stock.

Wall Street Analyst Weigh In

HAL has been the topic of several recent analyst reports. Citigroup cut their target price on Halliburton from $33.00 to $31.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Benchmark lowered their target price on shares of Halliburton from $40.00 to $35.00 and set a "buy" rating on the stock in a research note on Thursday, January 23rd. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $34.00 price target on shares of Halliburton in a research note on Thursday, January 23rd. Stifel Nicolaus lowered their price objective on shares of Halliburton from $37.00 to $32.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Finally, Hsbc Global Res raised Halliburton to a "hold" rating in a report on Wednesday, April 23rd. Eight equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $33.53.

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.

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