Clark Estates Inc. NY Sells 2,800 Shares of Halliburton (NYSE:HAL)

Clark Estates Inc. NY lessened its stake in shares of Halliburton (NYSE:HAL) by 3.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 84,900 shares of the oilfield services company’s stock after selling 2,800 shares during the period. Clark Estates Inc. NY’s holdings in Halliburton were worth $2,308,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of HAL. Victory Capital Management Inc. grew its position in Halliburton by 57.4% during the 4th quarter. Victory Capital Management Inc. now owns 1,490,867 shares of the oilfield services company’s stock worth $40,537,000 after acquiring an additional 543,676 shares during the last quarter. Scott & Selber Inc. grew its holdings in shares of Halliburton by 109.9% during the fourth quarter. Scott & Selber Inc. now owns 81,335 shares of the oilfield services company’s stock worth $2,211,000 after purchasing an additional 42,590 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Halliburton by 3.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,435,299 shares of the oilfield services company’s stock valued at $147,786,000 after buying an additional 187,150 shares during the period. Resolute Wealth Strategies LLC raised its holdings in Halliburton by 36.0% in the 4th quarter. Resolute Wealth Strategies LLC now owns 10,953 shares of the oilfield services company’s stock valued at $298,000 after buying an additional 2,899 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in Halliburton during the 4th quarter worth approximately $172,000. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Halliburton

In other news, CFO Eric Carre sold 141,206 shares of Halliburton 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 completion of the transaction, the chief financial officer now directly owns 127,101 shares in the company, valued at $3,321,149.13. This trade represents a 52.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.61% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on HAL shares. Stifel Nicolaus decreased their price target on shares of Halliburton from $42.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Evercore ISI lowered their target price on Halliburton from $43.00 to $35.00 and set an “outperform” rating for the company in a research report on Wednesday, January 15th. Susquehanna cut their target price on Halliburton from $42.00 to $40.00 and set a “positive” rating on the stock in a report on Friday, November 8th. Raymond James cut Halliburton from a “strong-buy” rating to a “market perform” rating in a research note on Monday, January 6th. Finally, Wells Fargo & Company cut their price objective on Halliburton from $39.00 to $34.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $37.42.

Halliburton Stock Down 3.3 %

HAL stock opened at $24.18 on Wednesday. The stock’s 50 day simple moving average is $26.95 and its 200 day simple moving average is $28.63. The company has a market cap of $20.99 billion, a P/E ratio of 8.54, a price-to-earnings-growth 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. Halliburton has a fifty-two week low of $23.79 and a fifty-two week high of $41.56.

Halliburton Announces Dividend

The company also recently announced 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 dividend yield of 2.81%. The ex-dividend date is Wednesday, March 5th. Halliburton’s dividend payout ratio is currently 24.03%.

Halliburton Company 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.