Larson Financial Group LLC Has $2.19 Million Holdings in Halliburton (NYSE:HAL)

Larson Financial Group LLC lifted its position in shares of Halliburton (NYSE:HAL) by 30.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 80,661 shares of the oilfield services company’s stock after buying an additional 18,975 shares during the quarter. Larson Financial Group LLC’s holdings in Halliburton were worth $2,193,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of HAL. Sierra Ocean LLC acquired a new stake in shares of Halliburton during the fourth quarter worth $36,000. Modus Advisors LLC bought a new position in Halliburton during the fourth quarter worth $38,000. Continuum Advisory LLC boosted its stake in 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. Venturi Wealth Management LLC boosted its stake in Halliburton by 34.2% during the third quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock worth $47,000 after acquiring an additional 412 shares in the last quarter. Finally, Brown Brothers Harriman & Co. boosted its stake in Halliburton by 28.8% during the third quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company’s stock worth $51,000 after acquiring an additional 393 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Halliburton

In related news, 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 in the company, valued at approximately $3,321,149.13. This trade represents a 52.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Margaret Katherine Banks sold 3,900 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $24.04, for a total transaction of $93,756.00. Following the sale, the director now owns 10,551 shares of the company’s stock, valued at $253,646.04. This trade represents a 26.99 % decrease in their position. The disclosure for this sale can be found here. 0.61% of the stock is owned by insiders.

Halliburton Stock Up 2.3 %

HAL opened at $25.00 on Friday. 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 company’s 50-day moving average is $26.81 and its 200 day moving average is $28.51. Halliburton has a fifty-two week low of $23.42 and a fifty-two week high of $41.56. The firm has a market capitalization of $21.70 billion, a P/E ratio of 8.83, a PEG ratio of 3.79 and a beta of 1.84.

Halliburton Announces Dividend

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

Wall Street Analysts Forecast Growth

HAL has been the topic of several research analyst reports. Benchmark cut their target price on shares of Halliburton from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. UBS Group lowered shares of Halliburton from a “buy” rating to a “neutral” rating and cut their target price for the stock from $36.00 to $34.00 in a research note on Monday, December 9th. Griffin Securities lowered shares of Halliburton from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Royal Bank of Canada reissued a “sector perform” rating and set a $34.00 target price on shares of Halliburton in a research note on Thursday, January 23rd. Finally, Morgan Stanley dropped their price objective on shares of Halliburton from $35.00 to $34.00 and set an “overweight” rating on the stock in a research note on Monday, November 18th. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $37.42.

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.