Thompson Siegel & Walmsley LLC Increases Stock Position in Halliburton (NYSE:HAL)

Thompson Siegel & Walmsley LLC boosted its stake in Halliburton (NYSE:HAL) by 4.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,973,895 shares of the oilfield services company’s stock after acquiring an additional 76,076 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Halliburton were worth $53,670,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. MidWestOne Financial Group Inc. raised its holdings in shares of Halliburton by 4.4% in the third quarter. MidWestOne Financial Group Inc. now owns 8,610 shares of the oilfield services company’s stock valued at $250,000 after buying an additional 359 shares during the last quarter. Public Sector Pension Investment Board raised its holdings in shares of Halliburton by 0.3% in the third quarter. Public Sector Pension Investment Board now owns 154,210 shares of the oilfield services company’s stock valued at $4,480,000 after buying an additional 390 shares during the last quarter. Brown Brothers Harriman & Co. raised its holdings in shares of Halliburton by 28.8% in the third quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company’s stock valued at $51,000 after buying an additional 393 shares during the last quarter. HBW Advisory Services LLC raised its holdings in shares of Halliburton by 3.9% in the fourth quarter. HBW Advisory Services LLC now owns 10,504 shares of the oilfield services company’s stock valued at $286,000 after buying an additional 397 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in shares of Halliburton by 34.2% in the third quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock valued at $47,000 after buying an additional 412 shares during the last quarter. 85.23% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Eric Carre sold 141,206 shares of the firm’s stock in a transaction 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 sale, the chief financial officer now owns 127,101 shares in the company, valued at $3,321,149.13. This trade represents a 52.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Timothy Mckeon sold 10,497 shares of the firm’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $24.60, for a total value of $258,226.20. Following the sale, the vice president now owns 77,784 shares in the company, valued at $1,913,486.40. This trade represents a 11.89 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 155,603 shares of company stock valued at $4,041,695. Corporate insiders own 0.61% of the company’s stock.

Halliburton Stock Performance

NYSE HAL opened at $24.72 on Thursday. Halliburton has a 1-year low of $23.42 and a 1-year high of $41.56. The company has a market capitalization of $21.46 billion, a P/E ratio of 8.73, a PEG ratio of 3.79 and a beta of 1.84. The business has a 50 day moving average price of $26.67 and a 200 day moving average price of $28.37. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 1.54.

Halliburton Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.75%. The ex-dividend date is Wednesday, March 5th. Halliburton’s payout ratio is 24.03%.

Wall Street Analyst Weigh In

HAL has been the subject of a number of research reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $34.00 target price on shares of Halliburton in a report on Thursday, January 23rd. Morgan Stanley reduced their target price on shares of Halliburton from $35.00 to $34.00 and set an “overweight” rating for the company in a report on Monday, November 18th. Stifel Nicolaus dropped their price target on shares of Halliburton from $42.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. Barclays dropped their price target on shares of Halliburton from $32.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. dropped their price target on shares of Halliburton from $35.00 to $33.00 and set an “overweight” rating on the stock in a research note on Thursday, January 2nd. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently 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.