Halliburton (NYSE:HAL) Holdings Lifted by Dorsey & Whitney Trust CO LLC

Dorsey & Whitney Trust CO LLC grew its position in Halliburton (NYSE:HALGet Rating) by 3.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,019 shares of the oilfield services company’s stock after purchasing an additional 478 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in Halliburton were worth $440,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of HAL. Savant Capital LLC lifted its holdings in shares of Halliburton by 1.5% during the 1st quarter. Savant Capital LLC now owns 23,326 shares of the oilfield services company’s stock worth $883,000 after acquiring an additional 347 shares during the period. Blume Capital Management Inc. lifted its holdings in shares of Halliburton by 31.8% during the 1st quarter. Blume Capital Management Inc. now owns 1,450 shares of the oilfield services company’s stock worth $55,000 after acquiring an additional 350 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Halliburton by 0.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 54,759 shares of the oilfield services company’s stock worth $1,717,000 after acquiring an additional 361 shares during the period. Veritable L.P. lifted its holdings in shares of Halliburton by 2.7% during the 1st quarter. Veritable L.P. now owns 14,017 shares of the oilfield services company’s stock worth $531,000 after acquiring an additional 371 shares during the period. Finally, Sumitomo Life Insurance Co. lifted its holdings in shares of Halliburton by 2.7% during the 2nd quarter. Sumitomo Life Insurance Co. now owns 14,306 shares of the oilfield services company’s stock worth $449,000 after acquiring an additional 376 shares during the period. Institutional investors own 80.60% of the company’s stock.

Halliburton Stock Down 2.4 %

Halliburton stock opened at $36.56 on Thursday. The company’s 50 day simple moving average is $32.24 and its 200 day simple moving average is $32.34. Halliburton has a fifty-two week low of $20.77 and a fifty-two week high of $43.99. The firm has a market capitalization of $33.20 billion, a price-to-earnings ratio of 18.94 and a beta of 2.23. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.10 and a quick ratio of 1.52.

Halliburton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 21st. Investors of record on Thursday, December 8th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend is Wednesday, December 7th. Halliburton’s payout ratio is 24.87%.

Insider Buying and Selling

In related news, Director Margaret Katherine Banks sold 6,000 shares of Halliburton stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $35.49, for a total transaction of $212,940.00. Following the transaction, the director now owns 14,625 shares of the company’s stock, valued at approximately $519,041.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.57% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on HAL. StockNews.com initiated coverage on shares of Halliburton in a report on Wednesday, October 12th. They set a “hold” rating for the company. Royal Bank of Canada raised their price objective on shares of Halliburton from $44.00 to $45.00 and gave the company an “outperform” rating in a research report on Wednesday, October 26th. Wells Fargo & Company upgraded shares of Halliburton from an “equal weight” rating to an “overweight” rating and set a $52.00 price objective for the company in a research report on Wednesday, October 26th. Morgan Stanley raised their price objective on shares of Halliburton from $50.00 to $53.00 and gave the company an “overweight” rating in a research report on Wednesday, November 9th. Finally, Jefferies Financial Group initiated coverage on shares of Halliburton in a research report on Wednesday, October 19th. They issued a “buy” rating and a $40.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.99.

Halliburton Company Profile

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Halliburton Company provides products and services to the energy industry worldwide. It operates in 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; 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; production solutions comprising coiled tubing, hydraulic workover units, downhole tools, and pumping and nitrogen services; and pipeline and process services, such as pre-commissioning, commissioning, maintenance, and decommissioning.

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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