Halliburton (NYSE:HAL) Shares Purchased by Hara Capital LLC

Hara Capital LLC grew its stake in shares of Halliburton (NYSE:HAL - Free Report) by 212.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,284 shares of the oilfield services company's stock after buying an additional 36,907 shares during the period. Halliburton accounts for 0.9% of Hara Capital LLC's portfolio, making the stock its 27th biggest holding. Hara Capital LLC's holdings in Halliburton were worth $1,476,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in HAL. Sanders Capital LLC raised its stake in 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 during the period. Geode Capital Management LLC raised its stake 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 valued at $584,139,000 after purchasing an additional 908,271 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its stake in 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 worth $437,587,000 after acquiring an additional 2,171,722 shares during the last quarter. Amundi increased its stake in Halliburton by 22.2% in the 4th 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 during the last quarter. Finally, Norges Bank bought a new stake in Halliburton in the 4th quarter worth approximately $299,986,000. 85.23% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on HAL shares. Citigroup cut their target price on Halliburton from $33.00 to $31.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Barclays cut their target price on Halliburton from $29.00 to $26.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 23rd. Wells Fargo & Company cut their target price on Halliburton from $29.00 to $27.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. Stifel Nicolaus cut their target price on Halliburton from $37.00 to $32.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Finally, UBS Group cut their target price on Halliburton from $23.00 to $22.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Eight analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $33.53.

Insider Transactions at Halliburton

In related news, Director Margaret Katherine Banks sold 3,900 shares of the business's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $24.04, for a total value of $93,756.00. Following the completion of the sale, the director now directly owns 10,551 shares of the company's stock, valued at $253,646.04. The trade was a 26.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Eric Carre sold 51,179 shares of the company's stock in a transaction that occurred on Friday, March 14th. The shares were 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. This trade represents a 28.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 65,576 shares of company stock worth $1,631,457 over the last quarter. 0.56% of the stock is currently owned by insiders.

Halliburton Stock Performance

Shares of NYSE HAL traded down $0.48 during trading hours on Friday, reaching $19.60. The stock had a trading volume of 34,031,709 shares, compared to its average volume of 10,864,116. The firm has a market cap of $16.85 billion, a price-to-earnings ratio of 6.93, a PEG ratio of 3.79 and a beta of 1.19. The company has a current ratio of 2.05, a quick ratio of 1.54 and a debt-to-equity ratio of 0.68. Halliburton has a fifty-two week low of $18.72 and a fifty-two week high of $37.08. The firm has a 50-day moving average of $21.21 and a 200-day moving average of $25.24.

Halliburton (NYSE:HAL - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The oilfield services company reported $0.60 earnings per share for the quarter, meeting the consensus estimate of $0.60. The firm had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.28 billion. Halliburton had a return on equity of 26.03% and a net margin of 10.90%. Equities research analysts predict that Halliburton will post 2.64 earnings per share for the current year.

Halliburton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 3.47%. The ex-dividend date is Wednesday, June 4th. Halliburton's dividend payout ratio (DPR) is 28.45%.

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.