Kestra Private Wealth Services LLC Buys 3,911 Shares of Halliburton (NYSE:HAL)

Kestra Private Wealth Services LLC increased its stake in Halliburton (NYSE:HAL) by 14.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,877 shares of the oilfield services company’s stock after acquiring an additional 3,911 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Halliburton were worth $867,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of HAL. CWM LLC increased its stake in shares of Halliburton by 11.1% in the 3rd quarter. CWM LLC now owns 32,366 shares of the oilfield services company’s stock valued at $940,000 after acquiring an additional 3,224 shares in the last quarter. Inspire Investing LLC increased its stake in Halliburton by 26.0% during the 3rd quarter. Inspire Investing LLC now owns 9,855 shares of the oilfield services company’s stock valued at $286,000 after purchasing an additional 2,034 shares in the last quarter. Exchange Traded Concepts LLC increased its stake in Halliburton by 203.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 21,866 shares of the oilfield services company’s stock valued at $635,000 after purchasing an additional 14,668 shares in the last quarter. Creative Planning increased its stake in Halliburton by 11.9% during the 3rd quarter. Creative Planning now owns 173,555 shares of the oilfield services company’s stock valued at $5,042,000 after purchasing an additional 18,396 shares in the last quarter. Finally, Vontobel Holding Ltd. increased its stake in Halliburton by 63.0% during the 3rd quarter. Vontobel Holding Ltd. now owns 57,064 shares of the oilfield services company’s stock valued at $1,658,000 after purchasing an additional 22,047 shares in the last quarter. Institutional investors own 85.23% of the company’s stock.

Analyst Ratings Changes

HAL has been the subject of a number of recent research reports. Raymond James lowered shares of Halliburton from a “strong-buy” rating to a “market perform” rating in a research note on Monday, January 6th. Griffin Securities lowered shares of Halliburton from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Evercore ISI decreased their price target on shares of Halliburton from $43.00 to $35.00 and set an “outperform” rating for the company in a research note on Wednesday, January 15th. Susquehanna decreased their price target on shares of Halliburton from $42.00 to $40.00 and set a “positive” rating for the company in a research note on Friday, November 8th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Halliburton from $35.00 to $33.00 and set an “overweight” rating on the stock in a report on Thursday, January 2nd. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Halliburton currently has an average rating of “Moderate Buy” and a consensus target price of $37.42.

Insider Buying and Selling at Halliburton

In other Halliburton news, CFO Eric Carre sold 141,206 shares of the company’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $26.13, for a total transaction of $3,689,712.78. Following the sale, the chief financial officer now directly owns 127,101 shares of the company’s stock, valued at $3,321,149.13. This represents a 52.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.61% of the company’s stock.

Halliburton Price Performance

Shares of NYSE:HAL opened at $26.27 on Friday. The company’s 50-day moving average is $27.43 and its 200 day moving average is $29.22. 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 company has a market capitalization of $23.08 billion, a P/E ratio of 9.28, a price-to-earnings-growth ratio of 3.53 and a beta of 1.89. Halliburton has a fifty-two week low of $25.16 and a fifty-two week high of $41.56.

Halliburton Dividend Announcement

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 dividend of $0.17 per share. 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 presently 24.03%.

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.