Halliburton (NYSE:HAL) Shares Purchased by Cibc World Markets Corp

Cibc World Markets Corp increased its holdings in Halliburton (NYSE:HAL) by 15.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 138,837 shares of the oilfield services company’s stock after acquiring an additional 18,894 shares during the period. Cibc World Markets Corp’s holdings in Halliburton were worth $3,775,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in HAL. OneDigital Investment Advisors LLC grew its position in Halliburton by 8.9% in the third quarter. OneDigital Investment Advisors LLC now owns 8,795 shares of the oilfield services company’s stock worth $255,000 after acquiring an additional 717 shares during the period. Meeder Advisory Services Inc. grew its position in Halliburton by 8.2% in the third quarter. Meeder Advisory Services Inc. now owns 24,504 shares of the oilfield services company’s stock worth $712,000 after acquiring an additional 1,848 shares during the period. Pathstone Holdings LLC grew its position in Halliburton by 6.7% in the third quarter. Pathstone Holdings LLC now owns 144,675 shares of the oilfield services company’s stock worth $4,203,000 after acquiring an additional 9,118 shares during the period. Caprock Group LLC grew its position in Halliburton by 7.6% in the third quarter. Caprock Group LLC now owns 67,765 shares of the oilfield services company’s stock worth $1,969,000 after acquiring an additional 4,807 shares during the period. Finally, Banque Cantonale Vaudoise grew its position in Halliburton by 171.7% in the third quarter. Banque Cantonale Vaudoise now owns 30,852 shares of the oilfield services company’s stock worth $896,000 after acquiring an additional 19,496 shares during the period. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Halliburton Stock Up 0.2 %

Halliburton stock opened at $25.04 on Thursday. 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 stock has a market cap of $21.74 billion, a PE ratio of 8.85, a P/E/G ratio of 3.79 and a beta of 1.84. The stock’s fifty day moving average is $26.41 and its two-hundred day moving average is $28.14.

Halliburton Announces Dividend

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

Insider Buying and Selling at Halliburton

In other news, VP Timothy Mckeon sold 10,497 shares of Halliburton stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $24.60, for a total transaction of $258,226.20. Following the sale, the vice president now owns 77,784 shares in the company, valued at approximately $1,913,486.40. The trade was a 11.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Margaret Katherine Banks sold 3,900 shares of Halliburton stock in a transaction dated 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 in the company, valued at $253,646.04. This trade represents a 26.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 206,782 shares of company stock worth $5,321,170 over the last ninety days. Corporate insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on HAL shares. Wells Fargo & Company lowered their price objective on Halliburton from $39.00 to $34.00 and set an “overweight” rating for the company in a research report on Tuesday, December 17th. Stifel Nicolaus lowered their price target on Halliburton from $42.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Royal Bank of Canada restated a “sector perform” rating and set a $34.00 price target on shares of Halliburton in a research report on Thursday, January 23rd. JPMorgan Chase & Co. lowered their price target on Halliburton from $35.00 to $33.00 and set an “overweight” rating for the company in a research report on Thursday, January 2nd. Finally, Benchmark lowered their price target on Halliburton from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Halliburton presently has a consensus rating of “Moderate Buy” and an average target price of $37.42.

Halliburton Profile

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.