Elo Mutual Pension Insurance Co Decreases Holdings in Halliburton (NYSE:HAL)

Elo Mutual Pension Insurance Co trimmed its position in shares of Halliburton (NYSE:HAL) by 1.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 93,925 shares of the oilfield services company’s stock after selling 1,071 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Halliburton were worth $2,554,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Horrell Capital Management Inc. acquired a new position in Halliburton during the fourth quarter worth about $33,000. Sierra Ocean LLC acquired a new stake in Halliburton in the 4th quarter worth about $36,000. Modus Advisors LLC acquired a new position in shares of Halliburton during the 4th quarter valued at about $38,000. Continuum Advisory LLC grew its holdings in Halliburton by 101.2% in the third quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company’s stock valued at $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 valued at $44,000 after purchasing 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 research analysts recently weighed in on the company. Barclays reduced their target price on Halliburton from $32.00 to $30.00 and set an “equal weight” rating on the stock in a report on Thursday, January 23rd. Jefferies Financial Group lowered their price objective on shares of Halliburton from $43.00 to $41.00 and set a “buy” rating for the company in a research report on Friday, January 3rd. Griffin Securities cut shares of Halliburton from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. Raymond James lowered shares of Halliburton from a “strong-buy” rating to a “market perform” rating in a report on Monday, January 6th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $34.00 target price on shares of Halliburton in a research note on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $37.42.

Insider Transactions at Halliburton

In other Halliburton news, VP Timothy Mckeon sold 10,497 shares of the firm’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $24.60, for a total transaction of $258,226.20. Following the transaction, the vice president now directly owns 77,784 shares in the company, valued at $1,913,486.40. This trade represents a 11.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Margaret Katherine Banks sold 3,900 shares of the stock in a transaction that occurred 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 owns 10,551 shares in the company, valued at approximately $253,646.04. This trade represents a 26.99 % decrease in their position. The disclosure for this sale can be found here. Insiders 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 Stock Performance

Shares of Halliburton stock opened at $25.08 on Friday. Halliburton has a 12 month low of $23.42 and a 12 month high of $41.56. 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 stock has a market cap of $21.77 billion, a PE ratio of 8.86, a price-to-earnings-growth ratio of 3.79 and a beta of 1.84. The business has a fifty day simple moving average of $25.99 and a 200-day simple moving average of $27.95.

Halliburton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were issued a $0.17 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.71%. Halliburton’s dividend payout ratio is 24.03%.

About Halliburton

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.