Halliburton (NYSE:HAL) Shares Bought by Buckingham Capital Management Inc.

Buckingham Capital Management Inc. grew its holdings in Halliburton (NYSE:HAL) by 40.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 73,381 shares of the oilfield services company’s stock after buying an additional 21,059 shares during the quarter. Buckingham Capital Management Inc.’s holdings in Halliburton were worth $1,995,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of HAL. Mediolanum International Funds Ltd boosted its position in shares of Halliburton by 48.2% during the 4th quarter. Mediolanum International Funds Ltd now owns 71,797 shares of the oilfield services company’s stock worth $1,931,000 after purchasing an additional 23,340 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Halliburton by 3.7% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,257,250 shares of the oilfield services company’s stock valued at $61,375,000 after purchasing an additional 80,567 shares during the period. Cary Street Partners Asset Management LLC boosted its holdings in Halliburton by 56.5% during the third quarter. Cary Street Partners Asset Management LLC now owns 157,085 shares of the oilfield services company’s stock worth $4,563,000 after buying an additional 56,707 shares in the last quarter. Massachusetts Wealth Management grew its position in Halliburton by 180.9% during the fourth quarter. Massachusetts Wealth Management now owns 43,675 shares of the oilfield services company’s stock worth $1,188,000 after buying an additional 28,125 shares during the period. Finally, Pacer Advisors Inc. increased its holdings in Halliburton by 23.1% in the third quarter. Pacer Advisors Inc. now owns 16,782,174 shares of the oilfield services company’s stock valued at $487,522,000 after buying an additional 3,150,986 shares in the last quarter. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Eric Carre sold 141,206 shares of Halliburton stock in a transaction that occurred on 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 sale, the chief financial officer now owns 127,101 shares in the company, valued at $3,321,149.13. This trade represents a 52.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.61% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have commented on HAL shares. Royal Bank of Canada reiterated a “sector perform” rating and set a $34.00 target price on shares of Halliburton in a research report on Thursday, January 23rd. Jefferies Financial Group lowered their price objective on shares of Halliburton from $43.00 to $41.00 and set a “buy” rating on the stock in a research note on Friday, January 3rd. Barclays cut their target price on shares of Halliburton from $32.00 to $30.00 and set an “equal weight” rating for the company in a research report on Thursday, January 23rd. UBS Group lowered shares of 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 research report on Monday, December 9th. Finally, Piper Sandler began coverage on Halliburton in a research report on Thursday, December 19th. They set an “overweight” rating and a $36.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $37.42.

Halliburton Price Performance

Halliburton stock opened at $26.16 on Tuesday. The firm has a fifty day moving average of $27.30 and a 200-day moving average of $29.07. Halliburton has a 52-week low of $25.16 and a 52-week high of $41.56. 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 firm has a market capitalization of $22.98 billion, a P/E ratio of 9.24, a PEG ratio of 3.53 and a beta of 1.89.

Halliburton Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.60%. The ex-dividend date is Wednesday, March 5th. Halliburton’s dividend payout ratio (DPR) is presently 24.03%.

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.