Xponance Inc. Sells 771 Shares of Halliburton (NYSE:HAL)

Xponance Inc. cut its position in shares of Halliburton (NYSE:HAL) by 0.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 120,043 shares of the oilfield services company’s stock after selling 771 shares during the quarter. Xponance Inc.’s holdings in Halliburton were worth $3,264,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in HAL. Sierra Ocean LLC bought a new stake in Halliburton in the fourth quarter worth $36,000. Modus Advisors LLC bought a new stake in Halliburton in the fourth quarter worth $38,000. Continuum Advisory LLC boosted its holdings in Halliburton by 101.2% in 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 in the last quarter. Blume Capital Management Inc. boosted 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 in the last quarter. Finally, Brown Brothers Harriman & Co. boosted its holdings 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 worth $51,000 after acquiring an additional 393 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on HAL. Wells Fargo & Company dropped their target price on Halliburton from $39.00 to $34.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. Barclays lowered their price target on Halliburton from $32.00 to $30.00 and set an “equal weight” rating on the stock in a report on Thursday, January 23rd. 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. Raymond James downgraded Halliburton from a “strong-buy” rating to a “market perform” rating in a report on Monday, January 6th. Finally, Piper Sandler began coverage on Halliburton in a report on Thursday, December 19th. They set an “overweight” rating and a $36.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.42.

Halliburton Stock Performance

Shares of HAL opened at $24.99 on Friday. The company has a quick ratio of 1.54, a current ratio of 2.05 and a debt-to-equity ratio of 0.68. The business has a 50-day simple moving average of $26.37 and a two-hundred day simple moving average of $28.12. The stock has a market cap of $21.70 billion, a price-to-earnings ratio of 8.83, a PEG 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. Shareholders 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 yield of 2.72%. The ex-dividend date is Wednesday, March 5th. Halliburton’s payout ratio is 24.03%.

Insiders Place Their Bets

In other Halliburton news, CFO Eric Carre sold 141,206 shares of the company’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $26.13, for a total value of $3,689,712.78. Following the completion of the sale, the chief financial officer now owns 127,101 shares in the company, valued at $3,321,149.13. This represents a 52.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Timothy Mckeon sold 10,497 shares of the company’s stock in a transaction dated 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 directly owns 77,784 shares of the company’s stock, valued at approximately $1,913,486.40. This trade represents a 11.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 206,782 shares of company stock worth $5,321,170 over the last quarter. 0.61% of the stock is currently owned by corporate insiders.

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.