Delta Financial Group Inc. Buys New Holdings in Halliburton (NYSE:HAL)

Delta Financial Group Inc. purchased a new position in Halliburton (NYSE:HAL) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 10,202 shares of the oilfield services company’s stock, valued at approximately $277,000.

A number of other hedge funds have also recently added to or reduced their stakes in HAL. Sierra Ocean LLC acquired a new position in shares of Halliburton during the fourth quarter worth approximately $36,000. Modus Advisors LLC acquired a new position in Halliburton during the fourth quarter worth $38,000. Continuum Advisory LLC lifted its stake in shares of Halliburton by 101.2% in the third quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company’s stock valued at $42,000 after buying an additional 698 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in shares of Halliburton by 34.2% during the third quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock valued at $47,000 after buying an additional 412 shares during the last quarter. Finally, Brown Brothers Harriman & Co. increased its position in shares of Halliburton by 28.8% during the third 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 in the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Insider Activity at Halliburton

In related news, CFO Eric Carre sold 141,206 shares of Halliburton 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 in the company, valued at approximately $3,321,149.13. The trade was 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 company insiders.

Halliburton Stock Performance

NYSE:HAL opened at $26.25 on Monday. The company has a market capitalization of $22.78 billion, a P/E ratio of 9.27, a P/E/G ratio of 3.79 and a beta of 1.89. The business has a fifty day simple moving average of $27.06 and a two-hundred day simple moving average of $28.90. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 1.54. Halliburton has a 1 year low of $25.16 and a 1 year high of $41.56.

Halliburton Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.59%. The ex-dividend date is Wednesday, March 5th. Halliburton’s dividend payout ratio (DPR) is currently 24.03%.

Analysts Set New Price Targets

HAL has been the topic of several recent research reports. Susquehanna dropped their price target on shares of Halliburton from $42.00 to $40.00 and set a “positive” rating on the stock in a research report on Friday, November 8th. Evercore ISI dropped their target price on Halliburton from $43.00 to $35.00 and set an “outperform” rating on the stock in a report on Wednesday, January 15th. Wells Fargo & Company decreased their price target on Halliburton from $39.00 to $34.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Benchmark dropped their price objective on Halliburton from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. Finally, Barclays cut their price objective on shares of Halliburton from $32.00 to $30.00 and set an “equal weight” rating on the stock in a report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Halliburton currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.42.

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.