Halliburton (NYSE:HAL) Shares Bought by Ilmarinen Mutual Pension Insurance Co

Ilmarinen Mutual Pension Insurance Co grew its holdings in Halliburton (NYSE:HAL) by 416.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 158,744 shares of the oilfield services company’s stock after buying an additional 128,000 shares during the period. Ilmarinen Mutual Pension Insurance Co’s holdings in Halliburton were worth $4,316,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of HAL. Aviva PLC raised its holdings in Halliburton by 557.4% in the 4th quarter. Aviva PLC now owns 222,487 shares of the oilfield services company’s stock valued at $6,049,000 after acquiring an additional 188,645 shares during the last quarter. Resona Asset Management Co. Ltd. acquired a new stake in shares of Halliburton in the fourth quarter valued at approximately $7,236,000. Pitcairn Co. lifted its position in Halliburton by 3.6% during the fourth quarter. Pitcairn Co. now owns 17,835 shares of the oilfield services company’s stock worth $485,000 after buying an additional 617 shares in the last quarter. Bryce Point Capital LLC acquired a new position in Halliburton during the fourth quarter worth $582,000. Finally, Geode Capital Management LLC grew its holdings in Halliburton by 4.4% in the 4th quarter. Geode Capital Management LLC now owns 21,538,632 shares of the oilfield services company’s stock valued at $584,139,000 after buying an additional 908,271 shares in the last quarter. 85.23% of the stock is owned by hedge funds and other institutional investors.

Halliburton Trading Down 11.0 %

NYSE:HAL opened at $19.93 on Friday. Halliburton has a 12-month low of $19.59 and a 12-month high of $41.56. The firm has a market cap of $17.30 billion, a PE ratio of 7.04, a price-to-earnings-growth ratio of 3.79 and a beta of 1.45. 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 stock has a fifty day moving average price of $25.49 and a 200 day moving average price of $27.79.

Halliburton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend was Wednesday, March 5th. Halliburton’s dividend payout ratio is presently 24.03%.

Insider Buying and Selling

In other Halliburton news, CFO Eric Carre sold 51,179 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $25.00, for a total value of $1,279,475.00. Following the sale, the chief financial officer now directly owns 127,101 shares of the company’s stock, valued at approximately $3,177,525. This represents a 28.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Timothy Mckeon sold 10,497 shares of the firm’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $24.60, for a total transaction of $258,226.20. Following the completion of the sale, 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 206,782 shares of company stock worth $5,321,170. Company insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on HAL shares. Stifel Nicolaus dropped their price objective on shares of Halliburton from $42.00 to $37.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Royal Bank of Canada restated a “sector perform” rating and set a $34.00 price target on shares of Halliburton in a report on Thursday, January 23rd. JPMorgan Chase & Co. decreased their price objective on Halliburton from $35.00 to $33.00 and set an “overweight” rating on the stock in a report on Thursday, January 2nd. Benchmark cut their target price on Halliburton from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. Finally, Evercore ISI decreased their price target on Halliburton from $43.00 to $35.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 15th. Seven 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 stock currently has an average rating of “Moderate Buy” and an average target price of $37.37.

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.