44,900 Shares in Halliburton (NYSE:HAL) Acquired by Generali Investments CEE investicni spolecnost a.s.

Generali Investments CEE investicni spolecnost a.s. acquired a new stake in Halliburton (NYSE:HAL) during the fourth quarter, HoldingsChannel reports. The fund acquired 44,900 shares of the oilfield services company’s stock, valued at approximately $1,221,000.

Other institutional investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. grew its stake in shares of Halliburton by 0.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 748,039 shares of the oilfield services company’s stock worth $20,339,000 after purchasing an additional 5,705 shares during the period. Banco Santander S.A. boosted its holdings in Halliburton by 13.1% during the fourth quarter. Banco Santander S.A. now owns 509,296 shares of the oilfield services company’s stock worth $13,848,000 after buying an additional 58,850 shares during the last quarter. Mesirow Financial Investment Management Inc. grew its position in shares of Halliburton by 100.1% during the 4th quarter. Mesirow Financial Investment Management Inc. now owns 21,004 shares of the oilfield services company’s stock worth $571,000 after buying an additional 10,506 shares during the period. Ashton Thomas Private Wealth LLC increased its stake in shares of Halliburton by 6.5% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 35,027 shares of the oilfield services company’s stock valued at $952,000 after acquiring an additional 2,128 shares during the last quarter. Finally, Callan Family Office LLC acquired a new stake in shares of Halliburton in the 4th quarter valued at approximately $338,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Halliburton Trading Up 2.3 %

Shares of NYSE:HAL opened at $25.00 on Friday. The company’s 50-day moving average price is $26.81 and its two-hundred day moving average price is $28.51. Halliburton has a one year low of $23.42 and a one 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 capitalization of $21.70 billion, a PE ratio of 8.83, a price-to-earnings-growth ratio of 3.79 and a beta of 1.84.

Halliburton Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.68 annualized dividend and a yield of 2.72%. Halliburton’s payout ratio is presently 24.03%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. lowered their target price on shares of Halliburton from $35.00 to $33.00 and set an “overweight” rating for the company in a research note on Thursday, January 2nd. Morgan Stanley lowered their price objective on shares of Halliburton from $35.00 to $34.00 and set an “overweight” rating for the company in a research report on Monday, November 18th. Evercore ISI reduced their target price on Halliburton from $43.00 to $35.00 and set an “outperform” rating on the stock in a report on Wednesday, January 15th. Griffin Securities lowered Halliburton from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. Finally, Raymond James cut Halliburton from a “strong-buy” rating to a “market perform” rating in a report on Monday, January 6th. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Halliburton presently has an average rating of “Moderate Buy” and a consensus target price of $37.42.

Insider Activity at Halliburton

In other news, Director Margaret Katherine Banks sold 3,900 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $24.04, for a total transaction of $93,756.00. Following the transaction, the director now directly owns 10,551 shares in the company, valued at $253,646.04. The trade was a 26.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Eric Carre sold 141,206 shares of the firm’s 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 sale, the chief financial officer now owns 127,101 shares of the company’s stock, valued at $3,321,149.13. This trade represents a 52.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.