Van Den Berg Management I Inc. decreased its position in shares of Halliburton (NYSE:HAL) by 4.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 224,582 shares of the oilfield services company’s stock after selling 11,528 shares during the quarter. Halliburton comprises about 1.2% of Van Den Berg Management I Inc.’s investment portfolio, making the stock its 28th largest holding. Van Den Berg Management I Inc.’s holdings in Halliburton were worth $10,975,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. IFG Advisory LLC bought a new stake in shares of Halliburton during the fourth quarter valued at about $253,000. Calton & Associates Inc. bought a new stake in shares of Halliburton during the fourth quarter valued at about $128,000. Cerebellum GP LLC bought a new stake in shares of Halliburton during the fourth quarter valued at about $131,000. Icon Wealth Partners LLC bought a new stake in shares of Halliburton during the fourth quarter valued at about $147,000. Finally, Nicolet Bankshares Inc. bought a new stake in shares of Halliburton during the fourth quarter valued at about $193,000. Institutional investors and hedge funds own 80.39% of the company’s stock.
Halliburton (NYSE:HAL) traded up $0.32 during midday trading on Monday, reaching $47.31. The company’s stock had a trading volume of 474,374 shares, compared to its average volume of 9,742,231. The company has a current ratio of 2.22, a quick ratio of 1.72 and a debt-to-equity ratio of 1.25. The firm has a market cap of $41,110.00, a P/E ratio of 128.05, a PEG ratio of 2.30 and a beta of 1.06. Halliburton has a 12-month low of $38.18 and a 12-month high of $57.86.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Wednesday, March 7th will be paid a dividend of $0.18 per share. The ex-dividend date is Tuesday, March 6th. This represents a $0.72 annualized dividend and a yield of 1.52%. Halliburton’s dividend payout ratio (DPR) is presently 194.59%.
In other Halliburton news, EVP Robb L. Voyles sold 39,287 shares of Halliburton stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $55.00, for a total transaction of $2,160,785.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Jeffrey Allen Miller sold 29,025 shares of Halliburton stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $55.00, for a total value of $1,596,375.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 125,922 shares of company stock worth $6,706,509. Company insiders own 0.47% of the company’s stock.
HAL has been the topic of a number of recent analyst reports. Guggenheim upgraded shares of Halliburton from a “neutral” rating to a “buy” rating in a research note on Monday, January 22nd. Piper Jaffray Companies set a $52.00 price objective on shares of Halliburton and gave the company a “buy” rating in a research note on Thursday, December 14th. Wells Fargo & Co reiterated an “outperform” rating and issued a $56.00 price target (up from $51.00) on shares of Halliburton in a research report on Thursday, December 21st. Zacks Investment Research upgraded shares of Halliburton from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a research report on Tuesday, December 26th. Finally, Royal Bank of Canada set a $60.00 price target on shares of Halliburton and gave the stock a “buy” rating in a research report on Thursday, December 21st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty-three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $59.09.
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Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.
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