18,160 Shares in Halliburton (NYSE:HAL) Bought by Freestone Capital Holdings LLC

Freestone Capital Holdings LLC bought a new stake in Halliburton (NYSE:HAL) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 18,160 shares of the oilfield services company’s stock, valued at approximately $494,000.

Other hedge funds have also recently made changes to their positions in the company. Janney Montgomery Scott LLC raised its holdings in Halliburton by 4.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 152,741 shares of the oilfield services company’s stock valued at $4,437,000 after buying an additional 6,258 shares during the last quarter. Asset Management One Co. Ltd. increased its position in Halliburton by 1.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 334,483 shares of the oilfield services company’s stock valued at $9,717,000 after acquiring an additional 4,230 shares during the period. QRG Capital Management Inc. raised its stake in shares of Halliburton by 12.2% during the third quarter. QRG Capital Management Inc. now owns 42,239 shares of the oilfield services company’s stock valued at $1,227,000 after acquiring an additional 4,583 shares during the last quarter. M&G PLC acquired a new position in shares of Halliburton during the third quarter worth $9,559,000. Finally, Advisor Resource Council grew its stake in shares of Halliburton by 42.6% in the third quarter. Advisor Resource Council now owns 15,052 shares of the oilfield services company’s stock worth $437,000 after purchasing an additional 4,495 shares during the last quarter. 85.23% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Eric Carre sold 141,206 shares of Halliburton stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $26.13, for a total transaction of $3,689,712.78. Following the transaction, the chief financial officer now owns 127,101 shares of the company’s stock, valued at $3,321,149.13. The trade was a 52.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Margaret Katherine Banks sold 3,900 shares of the stock in a transaction 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 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 disclosure for this sale can be found here. Corporate insiders own 0.61% of the company’s stock.

Halliburton Trading Up 2.3 %

Shares of Halliburton stock opened at $25.00 on Friday. The stock has a market capitalization of $21.70 billion, a PE ratio of 8.83, a price-to-earnings-growth ratio of 3.79 and a beta of 1.84. Halliburton has a 52 week low of $23.42 and a 52 week high of $41.56. The stock has a 50 day moving average price of $26.81 and a two-hundred day moving average price of $28.52. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05.

Halliburton Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.68 dividend on an annualized basis and a yield of 2.72%. Halliburton’s dividend payout ratio (DPR) is presently 24.03%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Benchmark lowered their target price on Halliburton from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Morgan Stanley lowered their price objective on Halliburton from $35.00 to $34.00 and set an “overweight” rating for the company in a research report on Monday, November 18th. Stifel Nicolaus reduced their target price on Halliburton from $42.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. UBS Group lowered shares of Halliburton from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $36.00 to $34.00 in a report on Monday, December 9th. Finally, Susquehanna dropped their price target on shares of Halliburton from $42.00 to $40.00 and set a “positive” rating on the stock in a research report on Friday, November 8th. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.42.

Halliburton Company 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.