Halliburton (NYSE:HAL) is KLCM Advisors Inc.'s 10th Largest Position

KLCM Advisors Inc. increased its stake in Halliburton (NYSE:HAL - Free Report) by 6.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 490,230 shares of the oilfield services company's stock after buying an additional 31,534 shares during the period. Halliburton accounts for 2.7% of KLCM Advisors Inc.'s portfolio, making the stock its 10th largest position. KLCM Advisors Inc. owned approximately 0.05% of Halliburton worth $17,722,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Norges Bank bought a new position in shares of Halliburton during the fourth quarter valued at approximately $457,245,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in shares of Halliburton by 123.0% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 15,936,342 shares of the oilfield services company's stock valued at $627,088,000 after purchasing an additional 8,791,319 shares in the last quarter. Morgan Stanley increased its stake in shares of Halliburton by 65.5% during the fourth quarter. Morgan Stanley now owns 17,217,776 shares of the oilfield services company's stock valued at $677,520,000 after purchasing an additional 6,815,373 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Halliburton by 140.4% during the first quarter. Thrivent Financial for Lutherans now owns 3,737,112 shares of the oilfield services company's stock valued at $118,242,000 after purchasing an additional 2,182,602 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new position in shares of Halliburton during the first quarter valued at approximately $68,873,000. 85.23% of the stock is owned by institutional investors.

Halliburton Stock Performance

HAL stock traded down $0.40 on Wednesday, hitting $38.04. The company had a trading volume of 4,700,952 shares, compared to its average volume of 7,136,037. Halliburton has a 12-month low of $27.84 and a 12-month high of $43.85. The company has a current ratio of 2.06, a quick ratio of 1.48 and a debt-to-equity ratio of 0.81. The stock's 50-day simple moving average is $37.32 and its 200 day simple moving average is $37.41. The stock has a market cap of $33.72 billion, a price-to-earnings ratio of 12.98, a P/E/G ratio of 0.98 and a beta of 2.00.

Halliburton (NYSE:HAL - Get Free Report) last issued its earnings results on Tuesday, January 23rd. The oilfield services company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.06. The company had revenue of $5.74 billion for the quarter, compared to analysts' expectations of $5.78 billion. Halliburton had a net margin of 11.46% and a return on equity of 31.59%. The firm's quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the company posted $0.72 earnings per share. As a group, equities research analysts expect that Halliburton will post 3.42 earnings per share for the current fiscal year.

Halliburton Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.79%. The ex-dividend date was Tuesday, March 5th. This is a boost from Halliburton's previous quarterly dividend of $0.16. Halliburton's dividend payout ratio (DPR) is currently 23.21%.

Insider Transactions at Halliburton

In other news, CEO Jeffrey Allen Miller sold 377,000 shares of Halliburton stock in a transaction on Monday, March 4th. The shares were sold at an average price of $35.30, for a total transaction of $13,308,100.00. Following the transaction, the chief executive officer now owns 759,015 shares in the company, valued at approximately $26,793,229.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Margaret Katherine Banks sold 5,000 shares of Halliburton stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $35.30, for a total transaction of $176,500.00. Following the transaction, the director now owns 9,625 shares in the company, valued at approximately $339,762.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jeffrey Allen Miller sold 377,000 shares of Halliburton stock in a transaction on Monday, March 4th. The shares were sold at an average price of $35.30, for a total transaction of $13,308,100.00. Following the transaction, the chief executive officer now owns 759,015 shares in the company, valued at approximately $26,793,229.50. The disclosure for this sale can be found here. Corporate insiders own 0.61% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Barclays decreased their target price on shares of Halliburton from $55.00 to $54.00 and set an "overweight" rating for the company in a research note on Wednesday, January 24th. Susquehanna reissued a "positive" rating and set a $49.00 price target on shares of Halliburton in a research report on Monday, April 8th. TD Cowen raised their price target on shares of Halliburton from $49.00 to $51.00 and gave the company an "outperform" rating in a research report on Wednesday, January 24th. Atb Cap Markets downgraded shares of Halliburton from an "outperform" rating to a "sector perform" rating in a research report on Friday, December 22nd. Finally, UBS Group raised their price target on shares of Halliburton from $44.00 to $48.00 in a research report on Monday, January 22nd. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Halliburton has a consensus rating of "Moderate Buy" and a consensus price target of $48.53.

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.