Aster Capital Management DIFC Ltd Invests $734,000 in Halliburton (NYSE:HAL)

Aster Capital Management DIFC Ltd bought a new position in Halliburton (NYSE:HAL) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 26,984 shares of the oilfield services company’s stock, valued at approximately $734,000.

A number of other institutional investors have also recently bought and sold shares of HAL. Horrell Capital Management Inc. purchased a new stake in shares of Halliburton during the 4th quarter valued at $33,000. Sierra Ocean LLC purchased a new stake in Halliburton during the fourth quarter valued at about $36,000. Modus Advisors LLC purchased a new stake in Halliburton during the fourth quarter valued at about $38,000. Continuum Advisory LLC increased its stake in Halliburton by 101.2% during the third quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company’s stock worth $42,000 after acquiring an additional 698 shares during the last quarter. Finally, Blume Capital Management Inc. raised its holdings in shares of Halliburton by 33.3% in the 4th quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company’s stock worth $44,000 after purchasing an additional 400 shares during the period. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Halliburton

In other Halliburton news, VP Timothy Mckeon sold 10,497 shares of the stock in a transaction 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 sale, the vice president now directly owns 77,784 shares of the company’s stock, valued at approximately $1,913,486.40. This represents a 11.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Eric Carre sold 141,206 shares of Halliburton stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $26.13, for a total transaction of $3,689,712.78. Following the completion of the transaction, the chief financial officer now directly owns 127,101 shares of the company’s stock, valued at $3,321,149.13. This trade represents a 52.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 206,782 shares of company stock valued at $5,321,170. Corporate insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on HAL shares. Piper Sandler assumed coverage on shares of Halliburton in a research report on Thursday, December 19th. They set an “overweight” rating and a $36.00 target price for the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $34.00 price objective on shares of Halliburton in a research report on Thursday, January 23rd. Wells Fargo & Company reduced their target price on shares of Halliburton from $39.00 to $34.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. UBS Group downgraded Halliburton from a “buy” rating to a “neutral” rating and lowered their price target for the company from $36.00 to $34.00 in a report on Monday, December 9th. Finally, Raymond James lowered Halliburton from a “strong-buy” rating to a “market perform” rating in a research report on Monday, January 6th. 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, the company has an average rating of “Moderate Buy” and a consensus target price of $37.37.

Halliburton Price Performance

HAL opened at $19.93 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05. The company has a market capitalization of $17.30 billion, a P/E ratio of 7.04, a PEG ratio of 3.79 and a beta of 1.45. Halliburton has a 1-year low of $19.59 and a 1-year high of $41.56. The company has a 50-day moving average of $25.49 and a 200-day moving average of $27.79.

Halliburton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were issued a $0.17 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.41%. Halliburton’s dividend payout ratio (DPR) is 24.03%.

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.