South Dakota Investment Council Has $17.73 Million Stock Position in Halliburton (NYSE:HAL)

South Dakota Investment Council boosted its stake in Halliburton (NYSE:HAL) by 1.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 651,939 shares of the oilfield services company’s stock after buying an additional 9,194 shares during the period. South Dakota Investment Council owned approximately 0.07% of Halliburton worth $17,726,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of HAL. Sierra Ocean LLC acquired a new position in shares of Halliburton during the 4th quarter worth approximately $36,000. Modus Advisors LLC acquired a new stake in shares of Halliburton during the 4th quarter worth approximately $38,000. Continuum Advisory LLC boosted its position in shares of Halliburton by 101.2% during the 3rd quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company’s stock worth $42,000 after acquiring an additional 698 shares in the last quarter. Venturi Wealth Management LLC boosted its position in shares of Halliburton by 34.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock worth $47,000 after acquiring an additional 412 shares in the last quarter. Finally, Brown Brothers Harriman & Co. boosted its position in shares of Halliburton by 28.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company’s stock worth $51,000 after acquiring an additional 393 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on HAL. Barclays dropped their price objective on shares of Halliburton from $32.00 to $30.00 and set an “equal weight” rating for the company in a research note on Thursday, January 23rd. Raymond James downgraded shares of Halliburton from a “strong-buy” rating to a “market perform” rating in a research note on Monday, January 6th. Griffin Securities downgraded shares of Halliburton from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Piper Sandler started coverage on shares of Halliburton in a research note on Thursday, December 19th. They set an “overweight” rating and a $36.00 price target for the company. Finally, Evercore ISI dropped their price target on shares of Halliburton from $43.00 to $35.00 and set an “outperform” rating for the company in a research note on Wednesday, January 15th. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Halliburton has an average rating of “Moderate Buy” and a consensus price target of $37.42.

Insider Activity

In other news, CFO Eric Carre sold 141,206 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $26.13, for a total value of $3,689,712.78. Following the sale, the chief financial officer now owns 127,101 shares of the company’s stock, valued at $3,321,149.13. The trade was 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 the SEC website. Insiders own 0.61% of the company’s stock.

Halliburton Stock Performance

Shares of HAL stock opened at $26.25 on Friday. The firm has a market cap of $22.78 billion, a price-to-earnings ratio of 9.27, a P/E/G ratio of 3.79 and a beta of 1.89. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05. Halliburton has a 52 week low of $25.16 and a 52 week high of $41.56. The firm’s 50-day simple moving average is $27.06 and its two-hundred day simple moving average is $28.91.

Halliburton Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.59%. The ex-dividend date of this dividend is Wednesday, March 5th. Halliburton’s dividend payout ratio (DPR) is currently 24.03%.

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.