Barrow Hanley Mewhinney & Strauss LLC Buys 2,171,722 Shares of Halliburton (NYSE:HAL)

Barrow Hanley Mewhinney & Strauss LLC lifted its position in Halliburton (NYSE:HAL) by 15.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,093,680 shares of the oilfield services company’s stock after buying an additional 2,171,722 shares during the quarter. Halliburton comprises approximately 1.5% of Barrow Hanley Mewhinney & Strauss LLC’s holdings, making the stock its 24th biggest position. Barrow Hanley Mewhinney & Strauss LLC owned approximately 1.83% of Halliburton worth $437,587,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Horrell Capital Management Inc. acquired a new stake in Halliburton in the fourth quarter valued at $33,000. Sierra Ocean LLC acquired a new stake in Halliburton in the 4th quarter valued at about $36,000. Continuum Advisory LLC lifted its stake in Halliburton by 101.2% in the 3rd 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 last quarter. Modus Advisors LLC bought a new position in Halliburton during the fourth quarter worth about $38,000. Finally, Blume Capital Management Inc. increased its position in Halliburton by 33.3% during the fourth 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. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on HAL. Griffin Securities downgraded Halliburton from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Piper Sandler began coverage on shares of Halliburton in a research report on Thursday, December 19th. They set an “overweight” rating and a $36.00 price objective for the company. JPMorgan Chase & Co. dropped their price objective on shares of Halliburton from $35.00 to $33.00 and set an “overweight” rating on the stock in a research report on Thursday, January 2nd. UBS Group downgraded shares of Halliburton from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $36.00 to $34.00 in a report on Monday, December 9th. Finally, Wells Fargo & Company decreased their price target on shares of Halliburton from $39.00 to $34.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, Halliburton has an average rating of “Moderate Buy” and an average target price of $37.42.

Halliburton Trading Down 1.0 %

Shares of Halliburton stock opened at $25.08 on Friday. The firm has a market capitalization 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. Halliburton has a 1 year low of $23.42 and a 1 year high of $41.56. The company has a current ratio of 2.05, a quick ratio of 1.54 and a debt-to-equity ratio of 0.68. The firm’s 50 day moving average is $25.99 and its 200 day moving average is $27.95.

Halliburton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were issued a dividend of $0.17 per share. 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 (DPR) is presently 24.03%.

Insider Activity at Halliburton

In related news, VP Timothy Mckeon sold 10,497 shares of the business’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $24.60, for a total value of $258,226.20. Following the transaction, the vice president now owns 77,784 shares in the company, valued at $1,913,486.40. The trade was 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 this hyperlink. Also, CFO Eric Carre sold 141,206 shares of Halliburton stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $26.13, for a total value of $3,689,712.78. Following the completion of the transaction, the chief financial officer now directly owns 127,101 shares of the company’s stock, valued at approximately $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 sold 206,782 shares of company stock worth $5,321,170 over the last three months. Company 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.