Cullinan Associates Inc. purchased a new position in shares of Halliburton Company (NYSE:HAL) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 4,800 shares of the oilfield services company’s stock, valued at approximately $235,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brown Advisory Inc. grew its position in Halliburton by 17.3% during the 3rd quarter. Brown Advisory Inc. now owns 56,745 shares of the oilfield services company’s stock worth $2,612,000 after acquiring an additional 8,362 shares during the last quarter. New York State Common Retirement Fund grew its position in Halliburton by 6.0% during the 2nd quarter. New York State Common Retirement Fund now owns 2,670,014 shares of the oilfield services company’s stock worth $114,036,000 after acquiring an additional 150,671 shares during the last quarter. Suntrust Banks Inc. grew its position in Halliburton by 17.4% during the 2nd quarter. Suntrust Banks Inc. now owns 131,829 shares of the oilfield services company’s stock worth $5,629,000 after acquiring an additional 19,498 shares during the last quarter. Nippon Life Insurance Co. grew its position in Halliburton by 28.9% during the 3rd quarter. Nippon Life Insurance Co. now owns 45,551 shares of the oilfield services company’s stock worth $2,097,000 after acquiring an additional 10,218 shares during the last quarter. Finally, Segall Bryant & Hamill LLC grew its position in Halliburton by 17.1% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 348,275 shares of the oilfield services company’s stock worth $16,031,000 after acquiring an additional 50,932 shares during the last quarter. Institutional investors and hedge funds own 79.88% of the company’s stock.

HAL has been the topic of a number of research analyst reports. Citigroup decreased their price target on Halliburton from $54.00 to $52.00 and set a “buy” rating on the stock in a research report on Wednesday, October 25th. Scotiabank restated a “buy” rating and set a $52.00 price target on shares of Halliburton in a research report on Wednesday, October 25th. Loop Capital restated a “buy” rating and set a $57.00 price target (down from $62.00) on shares of Halliburton in a research report on Tuesday, October 24th. Deutsche Bank initiated coverage on Halliburton in a research report on Tuesday, October 10th. They set a “buy” rating and a $54.00 price target on the stock. Finally, FBR & Co decreased their price target on Halliburton from $61.00 to $55.00 and set a “buy” rating on the stock in a research report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $57.21.

In related news, EVP Robb L. Voyles sold 5,000 shares of the firm’s stock in a transaction on Friday, December 28th. The stock was sold at an average price of $48.85, for a total transaction of $244,250.00. Following the sale, the executive vice president now owns 220,938 shares of the company’s stock, valued at approximately $10,792,821.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman David J. Lesar sold 50,000 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $43.70, for a total value of $2,185,000.00. Following the sale, the chairman now directly owns 490,143 shares in the company, valued at approximately $21,419,249.10. The disclosure for this sale can be found here. In the last three months, insiders sold 141,612 shares of company stock worth $6,556,433. 0.46% of the stock is currently owned by company insiders.

Halliburton Company (HAL) opened at $52.85 on Thursday. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.20 and a quick ratio of 1.67. The firm has a market capitalization of $45,485.56, a price-to-earnings ratio of 220.22, a PEG ratio of 2.98 and a beta of 1.03. Halliburton Company has a 12 month low of $38.18 and a 12 month high of $58.78.

Halliburton (NYSE:HAL) last posted its quarterly earnings results on Monday, October 23rd. The oilfield services company reported $0.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.04. The company had revenue of $5.44 billion for the quarter, compared to the consensus estimate of $5.35 billion. Halliburton had a return on equity of 6.93% and a net margin of 1.13%. The firm’s quarterly revenue was up 42.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.01 EPS. sell-side analysts forecast that Halliburton Company will post 1.15 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Thursday, December 7th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend was Wednesday, December 6th. Halliburton’s dividend payout ratio (DPR) is currently 300.01%.

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Halliburton Company Profile

Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.

Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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