Bryn Mawr Capital Management LLC Grows Stock Position in Halliburton (NYSE:HAL)

Bryn Mawr Capital Management LLC increased its position in shares of Halliburton (NYSE:HAL) by 20.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 11,334 shares of the oilfield services company’s stock after purchasing an additional 1,888 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Halliburton were worth $308,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Sierra Ocean LLC purchased a new stake in shares of Halliburton during the 4th quarter valued at approximately $36,000. Continuum Advisory LLC raised its position in shares of Halliburton by 101.2% during the 3rd quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company’s stock valued at $42,000 after buying an additional 698 shares during the period. Modus Advisors LLC purchased a new stake in shares of Halliburton during the 4th quarter valued at approximately $38,000. Venturi Wealth Management LLC raised its position in shares of Halliburton by 34.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock valued at $47,000 after buying an additional 412 shares during the period. Finally, Brown Brothers Harriman & Co. raised its position in Halliburton by 28.8% in the third quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company’s stock valued at $51,000 after purchasing an additional 393 shares during the period. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Halliburton Stock Performance

Shares of HAL stock opened at $26.25 on Friday. 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 has a fifty day moving average price of $27.06 and a 200 day moving average price of $28.92. The company has a market cap of $22.78 billion, a P/E ratio of 9.27, a PEG ratio of 3.76 and a beta of 1.89. Halliburton has a 12 month low of $25.16 and a 12 month high of $41.56.

Halliburton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.59%. Halliburton’s payout ratio is currently 24.03%.

Insider Buying and Selling

In related news, CFO Eric Carre sold 141,206 shares of the business’s 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 completion of the transaction, the chief financial officer now owns 127,101 shares in the company, valued at approximately $3,321,149.13. The trade was a 52.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

HAL has been the topic of a number of research analyst reports. Raymond James lowered Halliburton from a “strong-buy” rating to a “market perform” rating in a research report on Monday, January 6th. Jefferies Financial Group cut their target price on Halliburton from $43.00 to $41.00 and set a “buy” rating on the stock in a research report on Friday, January 3rd. Wells Fargo & Company cut their target price on Halliburton from $39.00 to $34.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. Stifel Nicolaus cut their target price on Halliburton from $42.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. Finally, Susquehanna cut their target price on Halliburton from $42.00 to $40.00 and set a “positive” rating on the stock in a research report on Friday, November 8th. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Halliburton has an average rating of “Moderate Buy” and an average target price 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.