Halliburton (NYSE:HAL) Shares Sold by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lowered its stake in Halliburton (NYSE:HAL) by 6.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,571 shares of the oilfield services company’s stock after selling 947 shares during the period. Sequoia Financial Advisors LLC’s holdings in Halliburton were worth $369,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Sierra Ocean LLC purchased a new stake in shares of Halliburton during the fourth quarter worth approximately $36,000. Modus Advisors LLC acquired a new position in Halliburton during the 4th quarter worth approximately $38,000. Continuum Advisory LLC increased its position 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 during the last quarter. Brown Brothers Harriman & Co. raised its holdings 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. Finally, Wingate Wealth Advisors Inc. purchased a new stake in shares of Halliburton during the 4th quarter worth $52,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Halliburton Price Performance

Halliburton stock opened at $24.99 on Wednesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 1.54. The business has a 50 day simple moving average of $26.45 and a 200-day simple moving average of $28.16. Halliburton has a 12 month low of $23.42 and a 12 month high of $41.56. The stock has a market capitalization of $21.69 billion, a PE ratio of 8.83, a price-to-earnings-growth ratio of 3.79 and a beta of 1.84.

Halliburton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be given a dividend of $0.17 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.68 dividend on an annualized basis and a yield of 2.72%. Halliburton’s payout ratio is currently 24.03%.

Analyst Ratings Changes

Several research firms recently commented on HAL. JPMorgan Chase & Co. dropped their target price on Halliburton from $35.00 to $33.00 and set an “overweight” rating on the stock in a report on Thursday, January 2nd. Benchmark dropped their price objective on Halliburton from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. Piper Sandler assumed coverage on Halliburton in a research note on Thursday, December 19th. They set an “overweight” rating and a $36.00 target price for the company. UBS Group downgraded Halliburton from a “buy” rating to a “neutral” rating and lowered their price target for the company from $36.00 to $34.00 in a report on Monday, December 9th. Finally, Barclays cut their price objective on shares of Halliburton from $32.00 to $30.00 and set an “equal weight” rating on the stock in a report on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Halliburton presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.42.

Insider Transactions at Halliburton

In other news, CFO Eric Carre sold 51,179 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $25.00, for a total value of $1,279,475.00. Following the completion of the sale, the chief financial officer now directly owns 127,101 shares of the company’s stock, valued at $3,177,525. This trade represents a 28.71 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Margaret Katherine Banks sold 3,900 shares of Halliburton stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $24.04, for a total value of $93,756.00. Following the completion of the sale, the director now owns 10,551 shares in the company, valued at approximately $253,646.04. This trade represents a 26.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 206,782 shares of company stock worth $5,321,170. Company insiders own 0.61% of the company’s stock.

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.