Northern Trust Corp Has $249.74 Million Position in Halliburton (NYSE:HAL)

Northern Trust Corp increased its holdings in shares of Halliburton (NYSE:HAL - Free Report) by 16.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,184,850 shares of the oilfield services company's stock after buying an additional 1,283,094 shares during the period. Northern Trust Corp owned 1.05% of Halliburton worth $249,736,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. HBW Advisory Services LLC raised its position in shares of Halliburton by 3.9% during the 4th quarter. HBW Advisory Services LLC now owns 10,504 shares of the oilfield services company's stock valued at $286,000 after acquiring an additional 397 shares during the last quarter. Blume Capital Management Inc. increased its holdings in Halliburton by 33.3% in the fourth quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company's stock valued at $44,000 after purchasing an additional 400 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its stake in Halliburton by 3.7% in the fourth 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 boosted its holdings 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 buying an additional 484 shares during the last quarter. Finally, UMB Bank n.a. increased its stake in shares of Halliburton by 14.3% in the 4th quarter. UMB Bank n.a. now owns 4,036 shares of the oilfield services company's stock valued at $110,000 after acquiring an additional 505 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Halliburton

In related news, Director Margaret Katherine Banks sold 3,900 shares of the business's stock in a transaction 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 completion of the sale, the director now directly owns 10,551 shares in the company, valued at $253,646.04. The trade was a 26.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Eric Carre sold 141,206 shares of the 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 transaction, the chief financial officer now owns 127,101 shares in the company, valued at $3,321,149.13. The trade was a 52.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 206,782 shares of company stock valued at $5,321,170 in the last quarter. 0.56% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Evercore ISI decreased their price objective on shares of Halliburton from $43.00 to $35.00 and set an "outperform" rating for the company in a report on Wednesday, January 15th. Citigroup lowered their price objective on shares of Halliburton from $33.00 to $31.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Hsbc Global Res raised Halliburton to a "hold" rating in a research note on Wednesday, April 23rd. Susquehanna cut their price objective on Halliburton from $32.00 to $30.00 and set a "positive" rating on the stock in a report on Wednesday, April 23rd. Finally, Barclays lowered their target price on Halliburton from $29.00 to $26.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 23rd. Eight analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $33.84.

Halliburton Stock Performance

Shares of Halliburton stock traded up $0.67 during trading on Friday, hitting $20.60. 11,296,500 shares of the stock were exchanged, compared to its average volume of 10,111,433. 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 company has a fifty day moving average price of $23.11 and a 200-day moving average price of $26.44. The stock has a market capitalization of $17.71 billion, a price-to-earnings ratio of 7.28, a price-to-earnings-growth ratio of 3.79 and a beta of 1.19. Halliburton has a 1-year low of $18.72 and a 1-year high of $38.35.

Halliburton (NYSE:HAL - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The oilfield services company reported $0.60 EPS for the quarter, hitting 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 analysts' expectations of $5.28 billion. As a group, equities analysts predict that Halliburton will post 2.64 EPS for the current fiscal year.

Halliburton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date was Wednesday, March 5th. Halliburton's dividend payout ratio (DPR) is presently 28.45%.

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.