FUKOKU MUTUAL LIFE INSURANCE Co Invests $212,000 in Halliburton (NYSE:HAL)

FUKOKU MUTUAL LIFE INSURANCE Co acquired a new stake in shares of Halliburton (NYSE:HAL) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 7,780 shares of the oilfield services company’s stock, valued at approximately $212,000.

Other hedge funds also recently made changes to their positions in the company. Sierra Ocean LLC bought a new stake in Halliburton in the 4th quarter worth approximately $36,000. Continuum Advisory LLC raised its stake in shares of Halliburton by 101.2% during the third 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. Modus Advisors LLC bought a new stake in shares of Halliburton in the 4th quarter worth approximately $38,000. Venturi Wealth Management LLC boosted its stake in shares of Halliburton by 34.2% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock valued at $47,000 after purchasing an additional 412 shares in the last quarter. Finally, Brown Brothers Harriman & Co. grew its holdings 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 valued at $51,000 after purchasing an additional 393 shares during the last quarter. 85.23% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CFO Eric Carre sold 141,206 shares of Halliburton stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $26.13, for a total transaction of $3,689,712.78. Following the completion of the transaction, the chief financial officer now directly owns 127,101 shares of the company’s stock, valued at $3,321,149.13. This trade represents a 52.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.61% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have weighed in on HAL. Piper Sandler assumed coverage on shares of Halliburton in a research note on Thursday, December 19th. They issued an “overweight” rating and a $36.00 price target for the company. Benchmark dropped their target price on Halliburton from $40.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Griffin Securities cut Halliburton from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Barclays lowered their price objective on Halliburton from $32.00 to $30.00 and set an “equal weight” rating for the company in a research report on Thursday, January 23rd. Finally, Stifel Nicolaus cut their target price on shares of Halliburton from $42.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $37.42.

Halliburton Stock Performance

Halliburton stock opened at $26.05 on Friday. Halliburton has a fifty-two week low of $25.16 and a fifty-two week high of $41.56. The stock’s 50 day simple moving average is $27.02 and its two-hundred day simple moving average is $28.79. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05. The stock has a market cap of $22.61 billion, a price-to-earnings ratio of 9.20, a PEG ratio of 3.79 and a beta of 1.89.

Halliburton Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be given a dividend of $0.17 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.68 annualized dividend and a dividend yield of 2.61%. Halliburton’s dividend payout ratio is presently 24.03%.

About Halliburton

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.