Victory Capital Management Inc. Acquires 543,676 Shares of Halliburton (NYSE:HAL)

Victory Capital Management Inc. grew its stake in Halliburton (NYSE:HAL) by 57.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,490,867 shares of the oilfield services company’s stock after acquiring an additional 543,676 shares during the period. Victory Capital Management Inc. owned 0.17% of Halliburton worth $40,537,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. MidWestOne Financial Group Inc. grew its stake in 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 purchasing an additional 359 shares in the last quarter. Public Sector Pension Investment Board grew its stake 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 in the last quarter. Brown Brothers Harriman & Co. grew its stake 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 in the last quarter. HBW Advisory Services LLC increased its holdings in Halliburton by 3.9% during the fourth quarter. HBW Advisory Services LLC now owns 10,504 shares of the oilfield services company’s stock worth $286,000 after buying an additional 397 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its stake in 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 acquiring an additional 412 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Insider Buying and Selling

In other Halliburton news, Director Margaret Katherine Banks sold 3,900 shares of the firm’s stock in a transaction 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 owns 10,551 shares of the company’s stock, valued at approximately $253,646.04. This trade represents a 26.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Eric Carre sold 141,206 shares of the business’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $26.13, for a total value of $3,689,712.78. Following 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 position. The disclosure for this sale can be found here. 0.61% of the stock is owned by company insiders.

Halliburton Trading Up 2.3 %

Shares of NYSE:HAL opened at $25.00 on Friday. The business’s 50 day simple moving average is $26.81 and its 200 day simple moving average is $28.51. Halliburton has a 1 year low of $23.42 and a 1 year high of $41.56. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 1.54. The company has a market capitalization of $21.70 billion, a P/E ratio of 8.83, a P/E/G ratio of 3.79 and a beta of 1.84.

Halliburton Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date is Wednesday, March 5th. Halliburton’s payout ratio is currently 24.03%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. UBS Group lowered shares of Halliburton from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $36.00 to $34.00 in a research note on Monday, December 9th. JPMorgan Chase & Co. lowered their price target on Halliburton from $35.00 to $33.00 and set an “overweight” rating on the stock in a research report on Thursday, January 2nd. Piper Sandler started coverage on Halliburton in a research report on Thursday, December 19th. They issued an “overweight” rating and a $36.00 price objective for the company. Stifel Nicolaus decreased 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. Finally, Benchmark cut their price target on Halliburton from $40.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Seven equities 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 an average rating of “Moderate Buy” and an average target price of $37.42.

About Halliburton

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.