1,244,272 Shares in Halliburton (NYSE:HAL) Bought by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Halliburton (NYSE:HAL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,244,272 shares of the oilfield services company's stock, valued at approximately $33,832,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.14% of Halliburton as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Blume Capital Management Inc. increased its position in shares of Halliburton by 33.3% during the 4th quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company's stock worth $44,000 after purchasing an additional 400 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its stake in shares of Halliburton by 3.7% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 12,776 shares of the oilfield services company's stock valued at $347,000 after buying an additional 453 shares during the period. Integrated Wealth Concepts LLC lifted its stake in Halliburton by 0.6% during the fourth quarter. Integrated Wealth Concepts LLC now owns 84,675 shares of the oilfield services company's stock worth $2,302,000 after purchasing an additional 484 shares during the last quarter. Nikko Asset Management Americas Inc. lifted its stake in Halliburton by 1.2% during the fourth quarter. Nikko Asset Management Americas Inc. now owns 42,683 shares of the oilfield services company's stock worth $1,161,000 after purchasing an additional 505 shares during the last quarter. Finally, Fayez Sarofim & Co lifted its stake in Halliburton by 3.1% during the fourth quarter. Fayez Sarofim & Co now owns 17,060 shares of the oilfield services company's stock worth $464,000 after purchasing an additional 520 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on HAL. Hsbc Global Res raised Halliburton to a "hold" rating in a research report on Wednesday, April 23rd. Morgan Stanley dropped their price objective on Halliburton from $34.00 to $28.00 and set an "overweight" rating on the stock in a report on Friday, May 16th. Barclays dropped their price objective on Halliburton from $29.00 to $26.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 23rd. UBS Group decreased 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. Finally, Wells Fargo & Company reduced their price objective on Halliburton from $29.00 to $27.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. Eight research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $33.53.

Halliburton Trading Up 1.1%

NYSE:HAL traded up $0.22 on Thursday, hitting $20.08. 14,722,742 shares of the stock were exchanged, compared to its average volume of 10,739,229. The stock has a market cap of $17.26 billion, a PE ratio of 7.09, 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. The stock has a fifty day moving average of $21.33 and a 200-day moving average of $25.39. Halliburton has a fifty-two week low of $18.72 and a fifty-two week high of $37.08.

Halliburton (NYSE:HAL - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The oilfield services company reported $0.60 earnings per share (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 during the quarter, compared to analyst estimates of $5.28 billion. As a group, equities analysts expect that Halliburton will post 2.64 earnings per share for the current fiscal year.

Halliburton Announces Dividend

The firm also recently declared 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. This represents a $0.68 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date of this dividend is Wednesday, June 4th. Halliburton's dividend payout ratio is currently 28.45%.

Insider Activity at Halliburton

In related news, CFO Eric Carre sold 51,179 shares of the firm's 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 sale, the chief financial officer now owns 127,101 shares of the company's stock, valued at approximately $3,177,525. This trade represents a 28.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Margaret Katherine Banks sold 3,900 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The shares were 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 $253,646.04. This represents a 26.99% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 65,576 shares of company stock valued at $1,631,457. Insiders own 0.56% of the company's stock.

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.