Virtu Financial LLC Purchases 16,351 Shares of Halliburton (NYSE:HAL)

Virtu Financial LLC grew its position in Halliburton (NYSE:HAL) by 100.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,632 shares of the oilfield services company’s stock after acquiring an additional 16,351 shares during the quarter. Virtu Financial LLC’s holdings in Halliburton were worth $887,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of HAL. Geode Capital Management LLC lifted its holdings in shares of Halliburton by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 20,630,361 shares of the oilfield services company’s stock valued at $597,234,000 after acquiring an additional 172,505 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of Halliburton by 10.4% in the 4th quarter. Pacer Advisors Inc. now owns 18,530,937 shares of the oilfield services company’s stock valued at $503,856,000 after purchasing an additional 1,748,763 shares during the last quarter. Amundi boosted its holdings in shares of Halliburton by 22.2% in the 4th quarter. Amundi now owns 13,068,025 shares of the oilfield services company’s stock worth $353,242,000 after purchasing an additional 2,378,043 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Halliburton by 2.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,742,352 shares of the oilfield services company’s stock valued at $166,815,000 after purchasing an additional 115,504 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Halliburton by 3.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,435,299 shares of the oilfield services company’s stock valued at $147,786,000 after buying an additional 187,150 shares during the period. 85.23% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Halliburton news, Director Margaret Katherine Banks sold 3,900 shares of Halliburton stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $24.04, for a total value of $93,756.00. Following the transaction, the director now directly owns 10,551 shares of the company’s stock, valued at approximately $253,646.04. The trade was a 26.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Eric Carre sold 141,206 shares of the stock in a transaction on 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 sale, the chief financial officer now owns 127,101 shares of the company’s stock, valued at approximately $3,321,149.13. This represents a 52.63 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 206,782 shares of company stock worth $5,321,170. 0.61% of the stock is owned by corporate insiders.

Halliburton Stock Up 3.4 %

Shares of NYSE HAL opened at $25.59 on Tuesday. Halliburton has a 12-month low of $23.42 and a 12-month high of $41.56. The stock’s fifty day simple moving average is $26.28 and its two-hundred day simple moving average is $28.03. The stock has a market capitalization of $22.21 billion, a PE ratio of 9.04, a price-to-earnings-growth ratio of 3.79 and a beta of 1.84. The company has a current ratio of 2.05, a quick ratio of 1.54 and a debt-to-equity ratio of 0.68.

Halliburton Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be paid a $0.17 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.68 annualized dividend and a yield of 2.66%. Halliburton’s dividend payout ratio (DPR) is presently 24.03%.

Analysts Set New Price Targets

HAL has been the topic of several recent analyst reports. Barclays reduced their target price on shares of Halliburton from $32.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 23rd. Evercore ISI dropped 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. JPMorgan Chase & Co. cut their target price on Halliburton from $35.00 to $33.00 and set an “overweight” rating on the stock in a research note on Thursday, January 2nd. Stifel Nicolaus dropped their price objective on Halliburton from $42.00 to $37.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Finally, Piper Sandler assumed coverage on Halliburton in a research note on Thursday, December 19th. They issued an “overweight” rating and a $36.00 target price on the stock. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.42.

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.