Allianz SE Purchases New Shares in Halliburton (NYSE:HAL)

Allianz SE acquired a new position in Halliburton (NYSE:HAL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 43,624 shares of the oilfield services company’s stock, valued at approximately $1,177,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Horrell Capital Management Inc. bought a new position in shares of Halliburton in the fourth quarter valued at approximately $33,000. Sierra Ocean LLC bought a new position in Halliburton in the 4th quarter valued at $36,000. Modus Advisors LLC purchased a new stake in shares of Halliburton during the 4th quarter valued at $38,000. Continuum Advisory LLC raised its stake 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 purchasing an additional 698 shares during the period. Finally, Blume Capital Management Inc. boosted its holdings in shares of Halliburton by 33.3% in the 4th quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company’s stock worth $44,000 after buying an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Griffin Securities lowered shares of Halliburton from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $34.00 price objective on shares of Halliburton in a research note on Thursday, January 23rd. Evercore ISI decreased their target price on Halliburton from $43.00 to $35.00 and set an “outperform” rating for the company in a research report on Wednesday, January 15th. Stifel Nicolaus dropped their price target on Halliburton from $42.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. decreased their price objective on Halliburton from $35.00 to $33.00 and set an “overweight” rating for the company in a report on Thursday, January 2nd. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $37.42.

Insider Activity at Halliburton

In other Halliburton news, CFO Eric Carre sold 141,206 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $26.13, for a total transaction of $3,689,712.78. Following the sale, the chief financial officer now owns 127,101 shares in the company, valued at $3,321,149.13. This trade represents 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 this hyperlink. Also, VP Timothy Mckeon sold 10,497 shares of the company’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $24.60, for a total value of $258,226.20. Following the completion of the transaction, the vice president now owns 77,784 shares of the company’s stock, valued at $1,913,486.40. The trade was a 11.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 206,782 shares of company stock valued at $5,321,170 over the last three months. 0.61% of the stock is owned by corporate insiders.

Halliburton Price Performance

Halliburton stock opened at $25.08 on Friday. The stock has a market cap of $21.77 billion, a price-to-earnings ratio of 8.86, a PEG ratio of 3.79 and a beta of 1.84. The company has a quick ratio of 1.54, a current ratio of 2.05 and a debt-to-equity ratio of 0.68. The business has a 50-day simple moving average of $25.99 and a 200 day simple moving average of $27.95. Halliburton has a 52 week low of $23.42 and a 52 week high of $41.56.

Halliburton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.71%. The ex-dividend date was Wednesday, March 5th. Halliburton’s dividend payout ratio (DPR) is 24.03%.

Halliburton Company 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.