Mason Street Advisors LLC increased its stake in shares of Halliburton (NYSE:HAL) by 0.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 124,480 shares of the oilfield services company’s stock after buying an additional 970 shares during the quarter. Mason Street Advisors LLC’s holdings in Halliburton were worth $3,647,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in HAL. SevenBridge Financial Group LLC boosted its stake in shares of Halliburton by 387.5% during the 4th quarter. SevenBridge Financial Group LLC now owns 975 shares of the oilfield services company’s stock worth $26,000 after acquiring an additional 775 shares in the last quarter. Essex Savings Bank acquired a new position in shares of Halliburton during the 4th quarter worth about $27,000. Paragon Capital Management LLC acquired a new stake in Halliburton in the 1st quarter valued at about $29,000. American Research & Management Co. acquired a new stake in Halliburton in the 1st quarter valued at about $29,000. Finally, Barnett & Company Inc. acquired a new stake in Halliburton in the 1st quarter valued at about $29,000. 81.68% of the stock is currently owned by hedge funds and other institutional investors.
Halliburton stock opened at $25.18 on Monday. Halliburton has a 1-year low of $24.33 and a 1-year high of $54.80. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.22 and a quick ratio of 1.57. The company has a market capitalization of $22.01 billion, a PE ratio of 13.25, a PEG ratio of 1.37 and a beta of 1.14.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 5th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a $0.72 annualized dividend and a dividend yield of 2.86%. Halliburton’s dividend payout ratio (DPR) is 37.89%.
A number of research firms have commented on HAL. Zacks Investment Research downgraded shares of Halliburton from a “hold” rating to a “sell” rating in a report on Thursday, February 21st. Morgan Stanley set a $40.00 price objective on shares of Halliburton and gave the company a “buy” rating in a report on Tuesday, April 23rd. Seaport Global Securities set a $49.00 price objective on shares of Halliburton and gave the company a “buy” rating in a report on Tuesday, April 23rd. UBS Group set a $36.00 price objective on shares of Halliburton and gave the company a “buy” rating in a report on Tuesday, April 23rd. Finally, SunTrust Banks cut their price objective on shares of Halliburton to $39.00 and set an “average” rating for the company in a report on Tuesday, April 23rd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and twenty-two have assigned a buy rating to the company. Halliburton has an average rating of “Buy” and a consensus target price of $44.71.
In other news, CFO Lance Loeffler sold 5,926 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $28.35, for a total value of $168,002.10. Following the completion of the sale, the chief financial officer now owns 55,885 shares of the company’s stock, valued at approximately $1,584,339.75. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.61% of the company’s stock.
Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.
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