Venturi Wealth Management LLC Purchases 1,915 Shares of Halliburton (NYSE:HAL)

Venturi Wealth Management LLC raised its holdings in Halliburton (NYSE:HAL) by 118.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,533 shares of the oilfield services company’s stock after acquiring an additional 1,915 shares during the quarter. Venturi Wealth Management LLC’s holdings in Halliburton were worth $96,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Franklin Resources Inc. boosted its position in Halliburton by 244.5% during the third quarter. Franklin Resources Inc. now owns 4,513,560 shares of the oilfield services company’s stock worth $138,025,000 after purchasing an additional 3,203,224 shares during the period. Pacer Advisors Inc. lifted its stake in shares of Halliburton by 23.1% in the third quarter. Pacer Advisors Inc. now owns 16,782,174 shares of the oilfield services company’s stock worth $487,522,000 after buying an additional 3,150,986 shares during the last quarter. Thompson Siegel & Walmsley LLC bought a new stake in shares of Halliburton during the 3rd quarter worth $55,132,000. Van ECK Associates Corp grew its stake in Halliburton by 31.3% in the 4th quarter. Van ECK Associates Corp now owns 5,100,693 shares of the oilfield services company’s stock valued at $138,688,000 after buying an additional 1,214,586 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its holdings in Halliburton by 22.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 5,520,383 shares of the oilfield services company’s stock worth $160,367,000 after acquiring an additional 995,649 shares during the period. 85.23% of the stock is owned by institutional investors.

Insider Activity

In other Halliburton news, CFO Eric Carre sold 141,206 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $3,321,149.13. The trade was a 52.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.61% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on HAL shares. Barclays lowered their price target on Halliburton from $32.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 23rd. Piper Sandler assumed coverage on Halliburton in a research report on Thursday, December 19th. They issued an “overweight” rating and a $36.00 price target on the stock. JPMorgan Chase & Co. reduced their price objective on Halliburton from $35.00 to $33.00 and set an “overweight” rating for the company in a research report on Thursday, January 2nd. Stifel Nicolaus dropped their target price on shares of Halliburton from $42.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. Finally, Benchmark reduced their price target on shares of Halliburton from $40.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Halliburton currently has a consensus rating of “Moderate Buy” and an average price target of $37.42.

Halliburton Stock Down 2.8 %

Shares of NYSE:HAL opened at $26.25 on Monday. The company has a market capitalization of $22.78 billion, a PE ratio of 9.27, a P/E/G ratio of 3.79 and a beta of 1.89. 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’s fifty day moving average is $27.06 and its 200-day moving average is $28.90. Halliburton has a 52 week low of $25.16 and a 52 week high of $41.56.

Halliburton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders 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 dividend yield of 2.59%. The ex-dividend date of this dividend is Wednesday, March 5th. Halliburton’s payout ratio is 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.