Halliburton Company $HAL Shares Acquired by Adams Natural Resources Fund Inc.

Adams Natural Resources Fund Inc. increased its position in shares of Halliburton Company (NYSE:HAL) by 73.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 275,153 shares of the oilfield services company’s stock after acquiring an additional 116,800 shares during the period. Halliburton makes up about 1.2% of Adams Natural Resources Fund Inc.’s investment portfolio, making the stock its 26th largest position. Adams Natural Resources Fund Inc.’s holdings in Halliburton were worth $7,776,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital Research Global Investors raised its holdings in shares of Halliburton by 21.1% in the 4th quarter. Capital Research Global Investors now owns 110,220,971 shares of the oilfield services company’s stock worth $3,114,848,000 after purchasing an additional 19,190,520 shares in the last quarter. State Street Corp boosted its stake in shares of Halliburton by 1.7% during the 4th quarter. State Street Corp now owns 50,825,761 shares of the oilfield services company’s stock worth $1,436,336,000 after acquiring an additional 861,964 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Halliburton by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 31,097,164 shares of the oilfield services company’s stock worth $878,806,000 after acquiring an additional 443,064 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Halliburton by 82,596.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 29,771,388 shares of the oilfield services company’s stock worth $841,339,000 after purchasing an additional 29,735,387 shares in the last quarter. Finally, Sanders Capital LLC boosted its holdings in shares of Halliburton by 9.4% in the third quarter. Sanders Capital LLC now owns 26,004,682 shares of the oilfield services company’s stock worth $639,715,000 after buying an additional 2,238,983 shares during the period. 85.23% of the stock is currently owned by institutional investors.

Insider Transactions at Halliburton

In other news, insider Michael Casey Maxwell sold 20,348 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $41.89, for a total transaction of $852,377.72. Following the sale, the insider directly owned 93,763 shares in the company, valued at approximately $3,927,732.07. The trade was a 17.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Tobi M. Young sold 6,125 shares of the company’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $41.72, for a total value of $255,535.00. Following the completion of the transaction, the director owned 15,250 shares of the company’s stock, valued at $636,230. The trade was a 28.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 416,991 shares of company stock worth $16,846,948. 0.57% of the stock is currently owned by insiders.

Halliburton Stock Down 0.6%

HAL opened at $39.52 on Friday. Halliburton Company has a twelve month low of $20.09 and a twelve month high of $43.59. The business has a 50 day moving average price of $39.84 and a 200 day moving average price of $35.03. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.54 and a current ratio of 2.08. The firm has a market cap of $33.02 billion, a P/E ratio of 21.72, a price-to-earnings-growth ratio of 1.71 and a beta of 0.69.

Halliburton (NYSE:HAL) last announced its earnings results on Tuesday, April 21st. The oilfield services company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.50 by $0.05. Halliburton had a net margin of 6.95% and a return on equity of 19.04%. The firm had revenue of $5.40 billion for the quarter, compared to the consensus estimate of $5.37 billion. During the same quarter last year, the firm posted $0.60 EPS. The business’s quarterly revenue was down .3% on a year-over-year basis. Research analysts forecast that Halliburton Company will post 2.34 EPS for the current year.

Halliburton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 3rd will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Wednesday, June 3rd. Halliburton’s dividend payout ratio is currently 37.36%.

Analyst Upgrades and Downgrades

HAL has been the topic of several analyst reports. Evercore lifted their target price on shares of Halliburton from $42.00 to $46.00 and gave the stock an “outperform” rating in a research report on Thursday, May 28th. Rothschild & Co Redburn upped their target price on Halliburton from $40.00 to $49.00 and gave the company a “buy” rating in a report on Friday, May 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Halliburton in a research report on Friday, April 10th. BMO Capital Markets boosted their target price on Halliburton from $42.00 to $45.00 and gave the company a “market perform” rating in a research note on Wednesday, May 13th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $47.00 target price on shares of Halliburton in a research report on Sunday, April 26th. Eighteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Halliburton has an average rating of “Moderate Buy” and an average target price of $43.27.

About Halliburton

Halliburton is one of the world’s largest providers of products and services to the energy industry, offering a broad portfolio that supports the lifecycle of oil and gas reservoirs from exploration and drilling through production and abandonment. Founded in 1919 by Erle P. Halliburton as an oil-well cementing company, the firm is headquartered in Houston, Texas and has developed into an integrated oilfield services company serving upstream operators globally.

The company’s activities encompass drilling and evaluation, well construction and completion, production enhancement and well intervention.