Halliburton (NYSE:HAL) Shares Bought by Aigen Investment Management LP

Aigen Investment Management LP increased its holdings in Halliburton (NYSE:HAL) by 97.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 138,026 shares of the oilfield services company’s stock after buying an additional 68,014 shares during the period. Halliburton makes up about 0.7% of Aigen Investment Management LP’s portfolio, making the stock its 16th largest holding. Aigen Investment Management LP’s holdings in Halliburton were worth $3,753,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of HAL. Franklin Resources Inc. lifted its holdings in Halliburton by 244.5% in the 3rd quarter. Franklin Resources Inc. now owns 4,513,560 shares of the oilfield services company’s stock valued at $138,025,000 after acquiring an additional 3,203,224 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Halliburton by 23.1% in the 3rd quarter. Pacer Advisors Inc. now owns 16,782,174 shares of the oilfield services company’s stock worth $487,522,000 after purchasing an additional 3,150,986 shares in the last quarter. Thompson Siegel & Walmsley LLC acquired a new stake in Halliburton during the third quarter valued at approximately $55,132,000. Van ECK Associates Corp boosted its holdings in Halliburton by 31.3% during the fourth quarter. Van ECK Associates Corp now owns 5,100,693 shares of the oilfield services company’s stock worth $138,688,000 after buying an additional 1,214,586 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its position in Halliburton by 22.0% in the third quarter. Thrivent Financial for Lutherans now owns 5,520,383 shares of the oilfield services company’s stock worth $160,367,000 after buying an additional 995,649 shares during the last quarter. Institutional investors own 85.23% of the company’s stock.

Insider Buying and Selling at Halliburton

In other Halliburton news, CFO Eric Carre sold 141,206 shares of Halliburton stock in a transaction on 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 sale, the chief financial officer now owns 127,101 shares in the company, valued at $3,321,149.13. The trade was a 52.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.61% of the company’s stock.

Halliburton Stock Performance

HAL opened at $24.18 on Wednesday. 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’s 50 day moving average price is $26.95 and its two-hundred day moving average price is $28.63. The firm has a market capitalization of $20.99 billion, a P/E ratio of 8.54, a price-to-earnings-growth ratio of 3.79 and a beta of 1.89. Halliburton has a 12-month low of $23.79 and a 12-month high of $41.56.

Halliburton Dividend Announcement

The business also recently announced 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 yield of 2.81%. The ex-dividend date of this dividend is Wednesday, March 5th. Halliburton’s dividend payout ratio (DPR) is currently 24.03%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. reduced their price objective on Halliburton from $35.00 to $33.00 and set an “overweight” rating for the company in a research note on Thursday, January 2nd. UBS Group downgraded Halliburton from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $36.00 to $34.00 in a research note on Monday, December 9th. Barclays lowered their target price on Halliburton from $32.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 23rd. Wells Fargo & Company reduced their price target on shares of Halliburton from $39.00 to $34.00 and set an “overweight” rating for the company in a research report on Tuesday, December 17th. Finally, Stifel Nicolaus dropped their price objective on shares of Halliburton from $42.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, Halliburton has a consensus 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.