Halliburton (NYSE:HAL) Shares Sold by Prudential PLC

Prudential PLC lowered its position in Halliburton (NYSE:HAL) by 12.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 384,079 shares of the oilfield services company’s stock after selling 54,229 shares during the period. Prudential PLC’s holdings in Halliburton were worth $10,443,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. MidWestOne Financial Group Inc. increased its holdings in shares of Halliburton by 4.4% in the 3rd quarter. MidWestOne Financial Group Inc. now owns 8,610 shares of the oilfield services company’s stock valued at $250,000 after purchasing an additional 359 shares in the last quarter. HBW Advisory Services LLC lifted its position in shares of Halliburton by 3.9% during the 4th quarter. HBW Advisory Services LLC now owns 10,504 shares of the oilfield services company’s stock valued at $286,000 after acquiring an additional 397 shares during the period. Blume Capital Management Inc. boosted its stake in shares of Halliburton by 33.3% during the 4th 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. Wilmington Savings Fund Society FSB grew its holdings in shares of Halliburton by 3.7% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 12,776 shares of the oilfield services company’s stock worth $347,000 after acquiring an additional 453 shares during the period. Finally, UMB Bank n.a. raised its holdings in Halliburton by 14.3% during the fourth quarter. UMB Bank n.a. now owns 4,036 shares of the oilfield services company’s stock worth $110,000 after purchasing an additional 505 shares during the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Insider Transactions at Halliburton

In related news, CFO Eric Carre sold 141,206 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 127,101 shares of the company’s stock, valued at approximately $3,321,149.13. The trade was a 52.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Margaret Katherine Banks sold 3,900 shares of Halliburton stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $24.04, for a total transaction of $93,756.00. Following the sale, the director now directly owns 10,551 shares of the company’s stock, valued at $253,646.04. This trade represents a 26.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 206,782 shares of company stock valued at $5,321,170 over the last ninety days. Corporate insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on HAL. Piper Sandler began coverage on Halliburton in a report on Thursday, December 19th. They issued an “overweight” rating and a $36.00 target price on the stock. Wells Fargo & Company dropped their target price on shares of Halliburton from $39.00 to $34.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Jefferies Financial Group reduced their price target on shares of Halliburton from $43.00 to $41.00 and set a “buy” rating on the stock in a report on Friday, January 3rd. Evercore ISI cut their price objective on Halliburton from $43.00 to $35.00 and set an “outperform” rating for the company in a research report on Wednesday, January 15th. Finally, JPMorgan Chase & Co. reduced their target price on Halliburton from $35.00 to $33.00 and set an “overweight” rating on the stock in a research note on Thursday, January 2nd. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $37.37.

Halliburton Stock Down 11.0 %

NYSE HAL opened at $19.93 on Friday. Halliburton has a 12 month low of $19.59 and a 12 month high of $41.56. The company has a market capitalization of $17.30 billion, a P/E ratio of 7.04, a PEG ratio of 3.79 and a beta of 1.45. The company’s 50 day simple moving average is $25.49 and its 200 day simple moving average is $27.80. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 1.54.

Halliburton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 3.41%. The ex-dividend date of this dividend was Wednesday, March 5th. Halliburton’s payout ratio is 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.