Sun Sep 15 14:13:27 UTC 2024: ## Halliburton Stock Sees Mixed Activity from Institutional Investors

**[City, State] -** Halliburton (NYSE: HAL), a leading oilfield services company, experienced a mixed bag of activity from institutional investors in the second quarter. While some funds reduced their holdings, others significantly increased their stakes.

Bokf Na, an institutional investor, trimmed its Halliburton position by 3.7%, selling 1,978 shares. However, several other investors exhibited bullish sentiment. Johnson Investment Counsel Inc. boosted its stake by 68.6%, purchasing an additional 3,930 shares. American Century Companies Inc. also raised its position by 2.0%, acquiring 62,384 shares. Headlands Technologies LLC dramatically increased its holdings by 5,567.4%, acquiring 24,107 shares. Daiwa Securities Group Inc. also added to its position, increasing its stake by 9.6%, acquiring 8,497 shares. Finally, Royal London Asset Management Ltd. raised its holdings by 3.0%, acquiring 26,097 shares.

Despite the mixed activity, institutional investors hold a significant portion of Halliburton stock, representing 85.23% of the total.

**Halliburton’s Recent Performance**

Halliburton’s stock opened at $27.87 on Friday, September 15th. The company has a market cap of $24.67 billion and a PE ratio of 9.64. Halliburton recently announced a quarterly dividend of $0.17, payable on September 25th to shareholders of record on September 4th.

**Analyst Sentiment**

Analyst opinions on Halliburton remain positive, with fifteen analysts giving a “buy” rating and one assigning a “strong buy” rating. Three analysts have rated the stock with a “hold” rating. The consensus price target for Halliburton is $44.47, indicating potential upside for the stock.

**Halliburton’s Business**

Halliburton provides products and services to the global energy industry, operating through two segments: Completion and Production, and Drilling and Evaluation. The company offers services like well stimulation, cementing, completion tools, and intelligent well completions.

**Disclaimer:** This news article is based on information publicly available and should not be considered investment advice.

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