Johnson Investment Counsel Inc. Has $500,000 Stock Holdings in Halliburton (NYSE:HAL)

Johnson Investment Counsel Inc. raised its position in shares of Halliburton (NYSE:HAL) by 79.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,397 shares of the oilfield services company’s stock after acquiring an additional 8,167 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Halliburton were worth $500,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Franklin Resources Inc. raised its stake in Halliburton by 244.5% during the 3rd quarter. Franklin Resources Inc. now owns 4,513,560 shares of the oilfield services company’s stock worth $138,025,000 after buying an additional 3,203,224 shares during the period. Pacer Advisors Inc. lifted its holdings in Halliburton by 23.1% during the third quarter. Pacer Advisors Inc. now owns 16,782,174 shares of the oilfield services company’s stock worth $487,522,000 after acquiring an additional 3,150,986 shares during the period. Amundi grew its position in shares of Halliburton by 22.2% during the 4th quarter. Amundi now owns 13,068,025 shares of the oilfield services company’s stock valued at $353,242,000 after acquiring an additional 2,378,043 shares during the period. Thompson Siegel & Walmsley LLC purchased a new position in shares of Halliburton in the third quarter worth about $55,132,000. Finally, OFI Invest Asset Management bought a new stake in shares of Halliburton during the 4th quarter valued at $32,683,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Insider Buying and Selling at Halliburton

In other news, VP Timothy Mckeon sold 10,497 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $24.60, for a total transaction of $258,226.20. Following the transaction, the vice president now directly owns 77,784 shares in the company, valued at approximately $1,913,486.40. This trade represents a 11.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Margaret Katherine Banks sold 3,900 shares of the stock in a transaction that occurred 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 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. Insiders have sold 155,603 shares of company stock valued at $4,041,695 in the last quarter. Corporate insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

HAL has been the topic of a number of research analyst reports. Wells Fargo & Company reduced their target price on Halliburton from $39.00 to $34.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. Piper Sandler assumed coverage on Halliburton in a research report on Thursday, December 19th. They set an “overweight” rating and a $36.00 price target for the company. Griffin Securities downgraded shares of Halliburton from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. Evercore ISI decreased their target price on Halliburton from $43.00 to $35.00 and set an “outperform” rating for the company in a research report on Wednesday, January 15th. Finally, Barclays dropped their price objective 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. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Halliburton currently has a consensus rating of “Moderate Buy” and an average target price of $37.42.

Halliburton Price Performance

NYSE:HAL opened at $24.29 on Friday. The company has a quick ratio of 1.54, a current ratio of 2.05 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $21.08 billion, a P/E ratio of 8.58, a P/E/G ratio of 3.79 and a beta of 1.84. The stock’s fifty day moving average is $26.60 and its two-hundred day moving average is $28.34. Halliburton has a 52 week low of $23.42 and a 52 week high of $41.56.

Halliburton Dividend Announcement

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 $0.17 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.68 annualized dividend and a dividend yield of 2.80%. Halliburton’s dividend payout ratio (DPR) is 24.03%.

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.