Generali Asset Management SPA SGR Purchases Shares of 180,801 Halliburton (NYSE:HAL)

Generali Asset Management SPA SGR purchased a new stake in Halliburton (NYSE:HAL) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 180,801 shares of the oilfield services company’s stock, valued at approximately $4,916,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. KBC Group NV grew its holdings in shares of Halliburton by 43.0% during the third quarter. KBC Group NV now owns 79,190 shares of the oilfield services company’s stock worth $2,300,000 after purchasing an additional 23,805 shares during the last quarter. OneDigital Investment Advisors LLC grew its holdings in shares of Halliburton by 8.9% during the third quarter. OneDigital Investment Advisors LLC now owns 8,795 shares of the oilfield services company’s stock worth $255,000 after purchasing an additional 717 shares during the last quarter. CIBC Asset Management Inc grew its holdings in shares of Halliburton by 8.1% during the third quarter. CIBC Asset Management Inc now owns 128,895 shares of the oilfield services company’s stock worth $3,744,000 after purchasing an additional 9,611 shares during the last quarter. Meeder Advisory Services Inc. grew its holdings in shares of Halliburton by 8.2% during the third quarter. Meeder Advisory Services Inc. now owns 24,504 shares of the oilfield services company’s stock worth $712,000 after purchasing an additional 1,848 shares during the last quarter. Finally, Pathstone Holdings LLC grew its holdings in shares of Halliburton by 6.7% during the third quarter. Pathstone Holdings LLC now owns 144,675 shares of the oilfield services company’s stock worth $4,203,000 after purchasing an additional 9,118 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Halliburton

In other news, Director Margaret Katherine Banks sold 3,900 shares of Halliburton stock in a transaction that occurred 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 sale, the director now directly owns 10,551 shares in the company, valued at approximately $253,646.04. This trade represents a 26.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Timothy Mckeon sold 10,497 shares of Halliburton stock in a transaction that occurred 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 sale, the vice president now owns 77,784 shares of the company’s stock, valued at approximately $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. In the last 90 days, insiders have sold 206,782 shares of company stock valued at $5,321,170. 0.61% of the stock is owned by corporate insiders.

Halliburton Price Performance

Shares of HAL opened at $24.99 on Wednesday. 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 $26.45 and its two-hundred day moving average is $28.16. The firm has a market capitalization of $21.69 billion, a PE ratio of 8.83, a P/E/G ratio of 3.79 and a beta of 1.84. The company has a current ratio of 2.05, a quick ratio of 1.54 and a debt-to-equity ratio of 0.68.

Halliburton Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend is Wednesday, March 5th. Halliburton’s dividend payout ratio is presently 24.03%.

Analyst Ratings Changes

Several brokerages have issued reports on HAL. JPMorgan Chase & Co. dropped their price objective on Halliburton from $35.00 to $33.00 and set an “overweight” rating on the stock in a report on Thursday, January 2nd. Piper Sandler began coverage on Halliburton in a report on Thursday, December 19th. They set an “overweight” rating and a $36.00 price objective on the stock. Stifel Nicolaus dropped their price objective on Halliburton from $42.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. Wells Fargo & Company dropped their price objective on Halliburton from $39.00 to $34.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $34.00 price target on shares of Halliburton in a report on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, Halliburton presently has an average rating of “Moderate Buy” and an average price target of $37.42.

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.