StoneX Group Inc. Has $998,000 Stock Holdings in Halliburton (NYSE:HAL)

StoneX Group Inc. increased its stake in shares of Halliburton (NYSE:HAL) by 21.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,709 shares of the oilfield services company’s stock after buying an additional 6,568 shares during the period. StoneX Group Inc.’s holdings in Halliburton were worth $998,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in HAL. Norges Bank acquired a new position in shares of Halliburton during the fourth quarter worth approximately $299,986,000. Franklin Resources Inc. raised its position 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 worth $138,025,000 after purchasing an additional 3,203,224 shares during the last quarter. Amundi lifted its holdings in Halliburton by 22.2% during the 4th quarter. Amundi now owns 13,068,025 shares of the oilfield services company’s stock worth $353,242,000 after buying an additional 2,378,043 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its position in Halliburton by 15.6% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 16,093,680 shares of the oilfield services company’s stock valued at $437,587,000 after buying an additional 2,171,722 shares during the last quarter. Finally, Pacer Advisors Inc. increased its stake in shares of Halliburton by 10.4% in the 4th quarter. Pacer Advisors Inc. now owns 18,530,937 shares of the oilfield services company’s stock valued at $503,856,000 after buying an additional 1,748,763 shares during the period. Institutional investors own 85.23% of the company’s stock.

Halliburton Trading Up 0.7 %

Shares of NYSE:HAL opened at $25.55 on Wednesday. The firm has a market cap of $22.18 billion, a price-to-earnings ratio of 9.03, a PEG ratio of 3.79 and a beta of 1.84. Halliburton has a 12 month low of $23.42 and a 12 month high of $41.56. The company’s fifty day simple moving average is $25.82 and its 200 day simple moving average is $27.91. The company has a quick ratio of 1.54, a current ratio of 2.05 and a debt-to-equity ratio of 0.68.

Halliburton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were issued a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.66%. Halliburton’s dividend payout ratio (DPR) is 24.03%.

Wall Street Analyst Weigh In

HAL has been the topic of several research reports. JPMorgan Chase & Co. cut 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. Barclays reduced their target price on shares of Halliburton from $30.00 to $29.00 and set an “equal weight” rating on the stock in a research note on Monday. UBS Group downgraded shares of Halliburton from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $36.00 to $34.00 in a research note on Monday, December 9th. 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. Finally, Griffin Securities cut shares of Halliburton from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, Halliburton has a consensus rating of “Moderate Buy” and an average target price of $37.37.

Insider Transactions at Halliburton

In related news, Director Margaret Katherine Banks sold 3,900 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $24.04, for a total transaction of $93,756.00. Following the completion of the transaction, the director now owns 10,551 shares in the company, valued at approximately $253,646.04. This represents a 26.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Timothy Mckeon sold 10,497 shares of Halliburton stock in a transaction on Friday, March 7th. The shares were sold at an average price of $24.60, for a total transaction of $258,226.20. Following the completion of the sale, the vice president now owns 77,784 shares in the company, valued at $1,913,486.40. The trade was a 11.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 206,782 shares of company stock valued at $5,321,170 over the last three months. Company insiders own 0.61% of the company’s stock.

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.