Halliburton (NYSE:HAL) Stock Holdings Lowered by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. lowered its position in shares of Halliburton (NYSE:HAL) by 3.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 38,486 shares of the oilfield services company’s stock after selling 1,370 shares during the period. Avantax Advisory Services Inc.’s holdings in Halliburton were worth $1,046,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Mediolanum International Funds Ltd grew its position in shares of Halliburton by 48.2% during the fourth quarter. Mediolanum International Funds Ltd now owns 71,797 shares of the oilfield services company’s stock worth $1,931,000 after acquiring an additional 23,340 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Halliburton by 3.7% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,257,250 shares of the oilfield services company’s stock worth $61,375,000 after acquiring an additional 80,567 shares during the last quarter. Congress Asset Management Co. bought a new position in Halliburton in the 4th quarter valued at about $621,000. Massachusetts Wealth Management grew its position in Halliburton by 180.9% in the 4th quarter. Massachusetts Wealth Management now owns 43,675 shares of the oilfield services company’s stock valued at $1,188,000 after buying an additional 28,125 shares in the last quarter. Finally, Pacer Advisors Inc. grew its position in Halliburton by 23.1% in the 3rd quarter. Pacer Advisors Inc. now owns 16,782,174 shares of the oilfield services company’s stock valued at $487,522,000 after buying an additional 3,150,986 shares in the last quarter. Institutional investors own 85.23% of the company’s stock.

Insider Transactions at Halliburton

In related news, Director Margaret Katherine Banks sold 3,900 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $24.04, for a total value of $93,756.00. Following the transaction, the director now owns 10,551 shares in the company, valued at approximately $253,646.04. This represents a 26.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Timothy Mckeon sold 10,497 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was 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 position. The disclosure for this sale can be found here. Insiders sold 206,782 shares of company stock valued at $5,321,170 over the last three months. 0.61% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on HAL. Jefferies Financial Group decreased their target price on shares of Halliburton from $43.00 to $41.00 and set a “buy” rating for the company in a research report on Friday, January 3rd. Piper Sandler began coverage on shares of Halliburton in a research report on Thursday, December 19th. They issued an “overweight” rating and a $36.00 target price for the company. Evercore ISI decreased their target price on shares of Halliburton from $43.00 to $35.00 and set an “outperform” rating for the company in a research report on Wednesday, January 15th. UBS Group lowered shares of Halliburton from a “buy” rating to a “neutral” rating and decreased their target price for the company from $36.00 to $34.00 in a research report on Monday, December 9th. Finally, Griffin Securities downgraded shares of Halliburton from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $37.42.

Halliburton Price Performance

NYSE HAL opened at $25.04 on Thursday. The company has a 50 day simple moving average of $26.41 and a 200-day simple moving average of $28.14. 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 firm has a market capitalization of $21.74 billion, a price-to-earnings ratio of 8.85, a price-to-earnings-growth ratio of 3.79 and a beta of 1.84. Halliburton has a 52-week low of $23.42 and a 52-week high of $41.56.

Halliburton Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date is Wednesday, March 5th. Halliburton’s dividend payout ratio (DPR) 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.