Aster Capital Management DIFC Ltd Acquires New Holdings in Halliburton (NYSE:HAL)

Aster Capital Management DIFC Ltd bought a new position in Halliburton (NYSE:HAL) in the 4th quarter, HoldingsChannel reports. The fund bought 26,984 shares of the oilfield services company’s stock, valued at approximately $734,000.

Several other large investors also recently made changes to their positions in the company. Horrell Capital Management Inc. bought a new position in Halliburton in the 4th quarter worth approximately $33,000. Sierra Ocean LLC bought a new position in shares of Halliburton in the fourth quarter worth $36,000. Modus Advisors LLC acquired a new position in shares of Halliburton during the fourth quarter valued at $38,000. Continuum Advisory LLC raised its stake 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 valued at $42,000 after purchasing an additional 698 shares in the last quarter. Finally, Blume Capital Management Inc. lifted its holdings in Halliburton by 33.3% in the fourth quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company’s stock worth $44,000 after purchasing an additional 400 shares during the period. Institutional investors and hedge funds own 85.23% of the company’s stock.

Insider Activity at Halliburton

In other Halliburton news, CFO Eric Carre sold 51,179 shares of Halliburton stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $25.00, for a total transaction of $1,279,475.00. Following the transaction, the chief financial officer now owns 127,101 shares of the company’s stock, valued at $3,177,525. The trade was a 28.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Margaret Katherine Banks sold 3,900 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $24.04, for a total transaction of $93,756.00. Following the completion of the sale, the director now directly owns 10,551 shares of the company’s stock, valued at $253,646.04. This trade represents a 26.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 206,782 shares of company stock valued at $5,321,170. Company insiders own 0.61% of the company’s stock.

Halliburton Trading Down 11.0 %

Halliburton stock opened at $19.93 on Friday. Halliburton has a 52 week low of $19.59 and a 52 week high of $41.56. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05. The firm has a market capitalization of $17.30 billion, a price-to-earnings ratio of 7.04, a P/E/G ratio of 3.79 and a beta of 1.45. The company has a 50 day moving average price of $25.49 and a 200 day moving average price of $27.79.

Halliburton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were given a $0.17 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.68 annualized dividend and a dividend yield of 3.41%. Halliburton’s dividend payout ratio (DPR) is presently 24.03%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Jefferies Financial Group lowered their target price on shares of Halliburton from $43.00 to $41.00 and set a “buy” rating on the stock in a research note on Friday, January 3rd. UBS Group cut Halliburton from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $36.00 to $34.00 in a report on Monday, December 9th. Stifel Nicolaus decreased their price target on Halliburton from $42.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. Evercore ISI dropped their price objective on Halliburton from $43.00 to $35.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 15th. Finally, Piper Sandler initiated coverage on Halliburton in a research note on Thursday, December 19th. They set an “overweight” rating and a $36.00 target price for the company. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $37.37.

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.