Mraz Amerine & Associates Inc. Has $1.20 Million Holdings in Halliburton (NYSE:HAL)

Mraz Amerine & Associates Inc. grew its stake in Halliburton (NYSE:HAL) by 13.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,042 shares of the oilfield services company’s stock after purchasing an additional 5,271 shares during the quarter. Mraz Amerine & Associates Inc.’s holdings in Halliburton were worth $1,197,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Sierra Ocean LLC acquired a new stake in shares of Halliburton during the fourth quarter worth $36,000. Continuum Advisory LLC increased its holdings in shares of Halliburton by 101.2% during the third quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company’s stock worth $42,000 after buying an additional 698 shares in the last quarter. Modus Advisors LLC bought a new position in shares of Halliburton in the 4th quarter valued at $38,000. Venturi Wealth Management LLC boosted its holdings 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 acquiring an additional 412 shares in the last quarter. Finally, Brown Brothers Harriman & Co. grew its position in Halliburton by 28.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company’s stock worth $51,000 after acquiring an additional 393 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 research analysts have recently issued reports on the company. Morgan Stanley lowered their price objective on Halliburton from $35.00 to $34.00 and set an “overweight” rating for the company in a research note on Monday, November 18th. Raymond James downgraded Halliburton from a “strong-buy” rating to a “market perform” rating in a research note on Monday, January 6th. JPMorgan Chase & Co. dropped their price target on Halliburton from $35.00 to $33.00 and set an “overweight” rating on the stock in a research note on Thursday, January 2nd. UBS Group downgraded shares of 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 report on Monday, December 9th. Finally, Stifel Nicolaus dropped their price target on 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 given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $37.42.

Insider Buying and Selling

In related news, CFO Eric Carre sold 141,206 shares of the firm’s stock in a transaction that occurred on Tuesday, February 11th. The shares were 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.61% of the stock is currently owned by insiders.

Halliburton Trading Down 0.5 %

NYSE:HAL opened at $26.16 on Tuesday. Halliburton has a 12 month low of $25.16 and a 12 month 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 $27.30 and its 200 day moving average is $29.07. The stock has a market capitalization of $22.98 billion, a PE ratio of 9.24, a price-to-earnings-growth ratio of 3.53 and a beta of 1.89.

Halliburton Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be given 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 2.60%. Halliburton’s dividend payout ratio is presently 24.03%.

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.