Halliburton (NYSE:HAL) Stock Position Reduced by Natixis Advisors LLC

Natixis Advisors LLC trimmed its position in Halliburton (NYSE:HAL) by 0.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 469,625 shares of the oilfield services company’s stock after selling 1,004 shares during the quarter. Natixis Advisors LLC owned approximately 0.05% of Halliburton worth $12,769,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new stake in shares of Halliburton during the fourth quarter worth $36,000. Modus Advisors LLC bought a new stake in shares of Halliburton during the 4th quarter valued at about $38,000. Continuum Advisory LLC raised its stake in Halliburton by 101.2% during the third quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company’s stock worth $42,000 after acquiring an additional 698 shares during the period. Blume Capital Management Inc. lifted its holdings in Halliburton by 33.3% in the fourth quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company’s stock worth $44,000 after acquiring an additional 400 shares during the last quarter. Finally, Brown Brothers Harriman & Co. boosted its stake in Halliburton by 28.8% in the third quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company’s stock valued at $51,000 after acquiring an additional 393 shares during the period. 85.23% of the stock is currently owned by institutional investors.

Halliburton Trading Up 0.2 %

Shares of HAL stock opened at $25.04 on Thursday. The stock has a 50-day simple moving average of $26.41 and a 200 day simple moving average of $28.14. The stock has a market capitalization of $21.74 billion, a P/E ratio of 8.85, a P/E/G ratio of 3.79 and a beta of 1.84. Halliburton has a fifty-two week low of $23.42 and a fifty-two week high of $41.56. The company has a quick ratio of 1.54, a current ratio of 2.05 and a debt-to-equity ratio of 0.68.

Halliburton Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. UBS Group cut Halliburton from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $36.00 to $34.00 in a research report on Monday, December 9th. Raymond James cut Halliburton from a “strong-buy” rating to a “market perform” rating in a research note on Monday, January 6th. Stifel Nicolaus reduced their price target on shares of Halliburton from $42.00 to $37.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Wells Fargo & Company dropped their price objective on shares of Halliburton from $39.00 to $34.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. Finally, Evercore ISI reduced their target price on shares of Halliburton from $43.00 to $35.00 and set an “outperform” rating for the company in a research note on Wednesday, January 15th. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $37.42.

Insider Buying and Selling

In other news, CFO Eric Carre sold 51,179 shares of the company’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $25.00, for a total transaction 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 represents a 28.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Timothy Mckeon sold 10,497 shares of the stock in a transaction 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 of the company’s stock, valued at $1,913,486.40. This trade represents a 11.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 206,782 shares of company stock worth $5,321,170 in the last ninety days. 0.61% of the stock is currently owned by corporate insiders.

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.