B. Metzler seel. Sohn & Co. AG Has $5.32 Million Stock Position in Halliburton (NYSE:HAL)

B. Metzler seel. Sohn & Co. AG lessened its holdings in Halliburton (NYSE:HAL) by 9.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 195,919 shares of the oilfield services company’s stock after selling 19,333 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Halliburton were worth $5,323,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Geode Capital Management LLC increased its holdings in Halliburton by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 20,630,361 shares of the oilfield services company’s stock worth $597,234,000 after purchasing an additional 172,505 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of Halliburton by 10.4% during the fourth quarter. Pacer Advisors Inc. now owns 18,530,937 shares of the oilfield services company’s stock valued at $503,856,000 after buying an additional 1,748,763 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in Halliburton by 15.6% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 16,093,680 shares of the oilfield services company’s stock worth $437,587,000 after buying an additional 2,171,722 shares in the last quarter. Amundi raised its position in Halliburton by 22.2% in the 4th quarter. Amundi now owns 13,068,025 shares of the oilfield services company’s stock valued at $353,242,000 after buying an additional 2,378,043 shares during the last quarter. Finally, Norges Bank bought a new position in Halliburton during the 4th quarter valued at $299,986,000. Institutional investors own 85.23% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Jefferies Financial Group lowered their target price on shares of Halliburton from $43.00 to $41.00 and set a “buy” rating for the company in a report on Friday, January 3rd. JPMorgan Chase & Co. decreased their price objective on shares of Halliburton from $35.00 to $33.00 and set an “overweight” rating for the company in a research note on Thursday, January 2nd. Piper Sandler started coverage on shares of Halliburton in a research report on Thursday, December 19th. They set an “overweight” rating and a $36.00 target price on the stock. Wells Fargo & Company reduced their target price on Halliburton from $39.00 to $34.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Finally, Stifel Nicolaus cut their price objective on Halliburton from $42.00 to $37.00 and set a “buy” rating on the stock in a research 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 MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $37.37.

Halliburton Stock Up 1.2 %

Halliburton stock opened at $25.37 on Tuesday. The firm has a 50 day simple moving average of $25.89 and a 200 day simple moving average of $27.93. 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 has a 1-year low of $23.42 and a 1-year high of $41.56. The firm has a market capitalization of $22.03 billion, a price-to-earnings ratio of 8.97, a P/E/G ratio of 3.79 and a beta of 1.84.

Halliburton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were paid a dividend of $0.17 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.68%. Halliburton’s payout ratio is 24.03%.

Insider Buying and Selling

In related news, Director Margaret Katherine Banks sold 3,900 shares of the company’s 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 sale, the director now owns 10,551 shares of the company’s stock, valued at approximately $253,646.04. This represents a 26.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Eric Carre sold 51,179 shares of the firm’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $25.00, for a total transaction of $1,279,475.00. Following the completion of the transaction, the chief financial officer now directly owns 127,101 shares of the company’s stock, valued at approximately $3,177,525. The trade was a 28.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 206,782 shares of company stock valued at $5,321,170. Corporate insiders own 0.61% of the company’s stock.

Halliburton 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.