Scott & Selber Inc. Has $2.21 Million Stock Position in Halliburton (NYSE:HAL)

Scott & Selber Inc. grew its holdings in shares of Halliburton (NYSE:HAL) by 109.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 81,335 shares of the oilfield services company’s stock after acquiring an additional 42,590 shares during the period. Scott & Selber Inc.’s holdings in Halliburton were worth $2,211,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. US Bancorp DE lifted its holdings in Halliburton by 7.0% during the 3rd quarter. US Bancorp DE now owns 148,722 shares of the oilfield services company’s stock worth $4,320,000 after buying an additional 9,721 shares during the period. Stephens Inc. AR lifted its stake in shares of Halliburton by 11.5% in the third quarter. Stephens Inc. AR now owns 105,240 shares of the oilfield services company’s stock worth $3,057,000 after acquiring an additional 10,831 shares during the period. Janney Montgomery Scott LLC boosted its holdings in Halliburton by 4.3% in the third quarter. Janney Montgomery Scott LLC now owns 152,741 shares of the oilfield services company’s stock valued at $4,437,000 after acquiring an additional 6,258 shares during the last quarter. BSW Wealth Partners boosted its holdings in Halliburton by 4.9% in the third quarter. BSW Wealth Partners now owns 10,565 shares of the oilfield services company’s stock valued at $307,000 after acquiring an additional 497 shares during the last quarter. Finally, National Pension Service increased its position in Halliburton by 1.9% during the 3rd quarter. National Pension Service now owns 1,292,856 shares of the oilfield services company’s stock valued at $37,557,000 after purchasing an additional 24,350 shares during the period. Institutional investors and hedge funds own 85.23% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on HAL. Evercore ISI dropped their price target on shares of Halliburton from $43.00 to $35.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 15th. UBS Group lowered shares of Halliburton from a “buy” rating to a “neutral” rating and dropped their target price for the company from $36.00 to $34.00 in a report on Monday, December 9th. Piper Sandler started coverage on Halliburton in a report on Thursday, December 19th. They set an “overweight” rating and a $36.00 price target for the company. Benchmark dropped their price objective on Halliburton from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company decreased their target price on Halliburton from $39.00 to $34.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.42.

Halliburton Trading Down 5.3 %

HAL opened at $24.98 on Tuesday. The firm has a market capitalization of $21.68 billion, a PE ratio of 8.83, a P/E/G ratio of 3.79 and a beta of 1.89. Halliburton has a fifty-two week low of $24.75 and a fifty-two week high of $41.56. The company’s 50-day moving average is $27.00 and its 200 day moving average is $28.68. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 1.54.

Halliburton Dividend Announcement

The business 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 $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date is Wednesday, March 5th. Halliburton’s payout ratio is currently 24.03%.

Insider Buying and Selling at Halliburton

In other Halliburton news, CFO Eric Carre sold 141,206 shares of the stock in a transaction dated 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 completion of the sale, the chief financial officer now owns 127,101 shares in the company, valued at approximately $3,321,149.13. This trade represents a 52.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.61% of the company’s stock.

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.