Halliburton (NYSE:HAL) Shares Sold by Boston Partners

Boston Partners lessened its stake in Halliburton (NYSE:HAL) by 30.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,488,361 shares of the oilfield services company’s stock after selling 2,867,328 shares during the quarter. Boston Partners owned 0.74% of Halliburton worth $176,448,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Sierra Ocean LLC purchased a new position in shares of Halliburton in the 4th quarter valued at about $36,000. Modus Advisors LLC purchased a new position in shares of Halliburton in the 4th quarter valued at about $38,000. Continuum Advisory LLC increased its stake in shares of Halliburton by 101.2% in the 3rd 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. Blume Capital Management Inc. increased its stake in shares of Halliburton by 33.3% in the 4th quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company’s stock valued at $44,000 after purchasing an additional 400 shares in the last quarter. Finally, Brown Brothers Harriman & Co. increased its stake in shares of Halliburton by 28.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company’s stock valued at $51,000 after purchasing an additional 393 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Insider Activity at Halliburton

In related news, CFO Eric Carre sold 141,206 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $26.13, for a total value of $3,689,712.78. Following the transaction, the chief financial officer now directly owns 127,101 shares in the company, valued at approximately $3,321,149.13. This represents a 52.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Timothy Mckeon sold 10,497 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $24.60, for a total value of $258,226.20. Following the completion of the transaction, the vice president now owns 77,784 shares in the company, valued at $1,913,486.40. This represents a 11.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 206,782 shares of company stock worth $5,321,170. Insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Benchmark cut their price target on Halliburton from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. Griffin Securities lowered Halliburton from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Piper Sandler initiated coverage on Halliburton in a research note on Thursday, December 19th. They set an “overweight” rating and a $36.00 price objective for the company. Jefferies Financial Group cut their price objective on Halliburton from $43.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $34.00 price objective on shares of Halliburton in a research note on Thursday, January 23rd. Seven 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, the stock has a consensus rating of “Moderate Buy” and an average target price of $37.42.

Halliburton Trading Down 0.9 %

Shares of Halliburton stock opened at $24.99 on Wednesday. The stock has a market cap of $21.69 billion, a P/E ratio of 8.83, a P/E/G ratio of 3.79 and a beta of 1.84. The stock’s 50 day simple moving average is $26.45 and its 200-day simple moving average is $28.16. Halliburton has a 1-year low of $23.42 and a 1-year high of $41.56. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 1.54.

Halliburton Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors 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%.

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.