New Age Alpha Advisors LLC Acquires New Shares in Halliburton (NYSE:HAL)

New Age Alpha Advisors LLC bought a new position in Halliburton (NYSE:HAL) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 79,780 shares of the oilfield services company’s stock, valued at approximately $2,169,000.

Several other large investors have also recently bought and sold shares of the company. Horrell Capital Management Inc. bought a new stake in shares of Halliburton during the fourth quarter worth about $33,000. Sierra Ocean LLC acquired a new stake in Halliburton during the 4th quarter worth approximately $36,000. Modus Advisors LLC bought a new stake in Halliburton during the 4th quarter worth approximately $38,000. Continuum Advisory LLC increased its position in Halliburton by 101.2% in the 3rd quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company’s stock valued at $42,000 after acquiring an additional 698 shares during the period. Finally, Blume Capital Management Inc. raised its stake in shares of Halliburton by 33.3% during the fourth quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company’s stock valued at $44,000 after acquiring an additional 400 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors.

Halliburton Price Performance

Shares of NYSE:HAL opened at $25.08 on Friday. Halliburton has a twelve month low of $23.42 and a twelve month high of $41.56. The stock’s 50 day moving average is $25.99 and its 200-day moving average is $27.95. 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 firm has a market capitalization of $21.77 billion, a price-to-earnings ratio of 8.86, a PEG ratio of 3.79 and a beta of 1.84.

Halliburton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were issued a dividend of $0.17 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.68 annualized dividend and a yield of 2.71%. Halliburton’s payout ratio is 24.03%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on HAL shares. Evercore ISI reduced their price objective on shares of Halliburton from $43.00 to $35.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 15th. Jefferies Financial Group decreased their price target on Halliburton from $43.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. UBS Group lowered Halliburton from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $36.00 to $34.00 in a research note on Monday, December 9th. Griffin Securities downgraded shares of Halliburton from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. Finally, Piper Sandler assumed coverage on shares of Halliburton in a research report on Thursday, December 19th. They issued an “overweight” rating and a $36.00 price target on the stock. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $37.42.

Insider Buying and Selling at Halliburton

In related news, VP Timothy Mckeon sold 10,497 shares of the firm’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $24.60, for a total value of $258,226.20. Following the transaction, the vice president now owns 77,784 shares of the company’s stock, valued at approximately $1,913,486.40. This trade represents a 11.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Eric Carre sold 141,206 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $26.13, for a total value of $3,689,712.78. Following the sale, the chief financial officer now directly owns 127,101 shares of the company’s stock, valued at $3,321,149.13. This represents a 52.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 206,782 shares of company stock valued at $5,321,170. Corporate insiders own 0.61% of the company’s stock.

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.