Livforsakringsbolaget Skandia Omsesidigt Has $125,000 Stake in Halliburton (NYSE:HAL)

Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Halliburton (NYSE:HAL) by 113.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,447 shares of the oilfield services company’s stock after acquiring an additional 1,835 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Halliburton were worth $125,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. First Capital Advisors Group LLC. acquired a new position in shares of Halliburton in the second quarter valued at $26,000. Quarry LP acquired a new position in shares of Halliburton in the first quarter valued at $34,000. KB Financial Partners LLC acquired a new position in shares of Halliburton in the first quarter valued at $35,000. Ancora Advisors LLC raised its stake in shares of Halliburton by 443.8% in the third quarter. Ancora Advisors LLC now owns 881 shares of the oilfield services company’s stock valued at $36,000 after purchasing an additional 719 shares in the last quarter. Finally, Princeton Global Asset Management LLC acquired a new position in shares of Halliburton in the fourth quarter valued at $36,000. 85.23% of the stock is owned by institutional investors.

Insider Transactions at Halliburton

In other Halliburton news, Director Margaret Katherine Banks sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $35.30, for a total value of $176,500.00. Following the sale, the director now owns 9,625 shares in the company, valued at approximately $339,762.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Halliburton news, Director Margaret Katherine Banks sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $35.30, for a total value of $176,500.00. Following the sale, the director now owns 9,625 shares in the company, valued at approximately $339,762.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeffrey Allen Miller sold 377,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $35.30, for a total value of $13,308,100.00. Following the completion of the sale, the chief executive officer now owns 759,015 shares in the company, valued at approximately $26,793,229.50. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by insiders.

Analyst Ratings Changes

HAL has been the subject of several recent analyst reports. Atb Cap Markets lowered Halliburton from an “outperform” rating to a “sector perform” rating in a research note on Friday, December 22nd. Susquehanna restated a “positive” rating and set a $49.00 target price on shares of Halliburton in a report on Monday, April 8th. TD Cowen increased their target price on Halliburton from $49.00 to $51.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Royal Bank of Canada restated an “outperform” rating and set a $45.00 target price on shares of Halliburton in a report on Wednesday, January 24th. Finally, UBS Group increased their target price on Halliburton from $44.00 to $48.00 in a report on Monday, January 22nd. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $48.53.

Halliburton Price Performance

Shares of HAL opened at $38.65 on Friday. The stock has a market cap of $34.26 billion, a P/E ratio of 13.19, a price-to-earnings-growth ratio of 0.97 and a beta of 2.00. The company has a current ratio of 2.06, a quick ratio of 1.48 and a debt-to-equity ratio of 0.81. The stock’s 50-day moving average price is $37.39 and its two-hundred day moving average price is $37.42. Halliburton has a 1 year low of $27.84 and a 1 year high of $43.85.

Halliburton (NYSE:HAL) last released its quarterly earnings results on Tuesday, January 23rd. The oilfield services company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.06. The company had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.78 billion. Halliburton had a return on equity of 31.59% and a net margin of 11.46%. Halliburton’s revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.72 earnings per share. On average, equities analysts predict that Halliburton will post 3.42 earnings per share for the current year.

Halliburton Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were given a dividend of $0.17 per share. The ex-dividend date was Tuesday, March 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.76%. This is a positive change from Halliburton’s previous quarterly dividend of $0.16. Halliburton’s dividend payout ratio (DPR) is currently 23.21%.

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.