Halliburton (NYSE:HAL) Shares Purchased by Nikko Asset Management Americas Inc.

Nikko Asset Management Americas Inc. boosted its holdings in shares of Halliburton (NYSE:HAL) by 1.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 42,683 shares of the oilfield services company’s stock after buying an additional 505 shares during the quarter. Nikko Asset Management Americas Inc.’s holdings in Halliburton were worth $1,161,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of HAL. Victory Capital Management Inc. lifted its position in shares of Halliburton by 24.5% in the third quarter. Victory Capital Management Inc. now owns 947,191 shares of the oilfield services company’s stock valued at $27,516,000 after acquiring an additional 186,538 shares in the last quarter. KBC Group NV lifted its holdings in Halliburton by 43.0% in the 3rd quarter. KBC Group NV now owns 79,190 shares of the oilfield services company’s stock valued at $2,300,000 after purchasing an additional 23,805 shares in the last quarter. OneDigital Investment Advisors LLC boosted its stake in shares of Halliburton by 8.9% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 8,795 shares of the oilfield services company’s stock worth $255,000 after purchasing an additional 717 shares during the last quarter. CIBC Asset Management Inc grew its holdings in shares of Halliburton by 8.1% during the third quarter. CIBC Asset Management Inc now owns 128,895 shares of the oilfield services company’s stock worth $3,744,000 after buying an additional 9,611 shares in the last quarter. Finally, Quest Partners LLC raised its position in shares of Halliburton by 2,418.9% in the third quarter. Quest Partners LLC now owns 78,387 shares of the oilfield services company’s stock valued at $2,277,000 after buying an additional 75,275 shares during the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Eric Carre sold 141,206 shares of the business’s 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 completion of the transaction, the chief financial officer now owns 127,101 shares in the company, valued at $3,321,149.13. The trade was a 52.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Timothy Mckeon sold 10,497 shares of the business’s 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 transaction, the vice president now directly owns 77,784 shares of the company’s stock, valued at approximately $1,913,486.40. This trade represents a 11.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 206,782 shares of company stock valued at $5,321,170 over the last 90 days. 0.61% of the stock is owned by company insiders.

Halliburton Trading Up 0.6 %

Shares of NYSE HAL opened at $25.23 on Tuesday. 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 stock’s 50 day moving average price is $26.50 and its two-hundred day moving average price is $28.21. Halliburton has a 52-week low of $23.42 and a 52-week high of $41.56. The stock has a market capitalization of $21.90 billion, a P/E ratio of 8.91, a PEG ratio of 3.79 and a beta of 1.84.

Halliburton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.70%. The ex-dividend date is Wednesday, March 5th. Halliburton’s dividend payout ratio (DPR) is presently 24.03%.

Analyst Upgrades and Downgrades

HAL has been the subject of several recent analyst reports. Stifel Nicolaus lowered their target price on shares of Halliburton from $42.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. UBS Group downgraded Halliburton from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $36.00 to $34.00 in a research report on Monday, December 9th. Benchmark reduced their target price on Halliburton from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. Morgan Stanley lowered their price target on Halliburton from $35.00 to $34.00 and set an “overweight” rating for the company in a report on Monday, November 18th. Finally, Jefferies Financial Group cut their price objective on shares of Halliburton from $43.00 to $41.00 and set a “buy” rating on the stock in a report on Friday, January 3rd. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, Halliburton has a consensus rating of “Moderate Buy” and an average 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.