Manchester Capital Management LLC Has $39,000 Stake in Halliburton (NYSE:HAL)

Manchester Capital Management LLC trimmed its holdings in Halliburton (NYSE:HAL) by 73.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,449 shares of the oilfield services company’s stock after selling 4,088 shares during the period. Manchester Capital Management LLC’s holdings in Halliburton were worth $39,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Banque Pictet & Cie SA raised its position in shares of Halliburton by 18.6% in the fourth quarter. Banque Pictet & Cie SA now owns 54,762 shares of the oilfield services company’s stock valued at $1,489,000 after buying an additional 8,582 shares in the last quarter. V Square Quantitative Management LLC raised its position in shares of Halliburton by 3.0% in the fourth quarter. V Square Quantitative Management LLC now owns 26,801 shares of the oilfield services company’s stock valued at $729,000 after buying an additional 787 shares in the last quarter. Compagnie Lombard Odier SCmA acquired a new stake in shares of Halliburton in the fourth quarter valued at approximately $122,000. Vontobel Holding Ltd. raised its position in shares of Halliburton by 1.1% in the fourth quarter. Vontobel Holding Ltd. now owns 57,695 shares of the oilfield services company’s stock valued at $1,569,000 after buying an additional 631 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its position in shares of Halliburton by 4.2% in the fourth quarter. Asset Management One Co. Ltd. now owns 348,698 shares of the oilfield services company’s stock valued at $9,342,000 after buying an additional 14,215 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on HAL. Piper Sandler began coverage on shares of Halliburton in a research report on Thursday, December 19th. They set an “overweight” rating and a $36.00 price objective for the company. Morgan Stanley lowered their price objective on shares of Halliburton from $35.00 to $34.00 and set an “overweight” rating for the company in a research report on Monday, November 18th. Barclays lowered their price objective on shares of Halliburton from $32.00 to $30.00 and set an “equal weight” rating for the company in a research report on Thursday, January 23rd. Stifel Nicolaus lowered their price objective on shares of Halliburton from $42.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Finally, Benchmark lowered their price objective on shares of Halliburton from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, Halliburton currently has a consensus rating of “Moderate Buy” and an average target price of $37.42.

Halliburton Stock Performance

Shares of Halliburton stock opened at $26.16 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 stock has a market cap of $22.70 billion, a price-to-earnings ratio of 9.24, a P/E/G ratio of 3.53 and a beta of 1.89. The company’s fifty day moving average is $27.30 and its 200 day moving average is $29.15. Halliburton has a twelve month low of $25.16 and a twelve month high of $41.56.

Halliburton Dividend Announcement

The company 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 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 2.60%. Halliburton’s dividend payout ratio (DPR) is currently 24.03%.

Insider Buying and Selling at Halliburton

In other Halliburton news, CFO Eric Carre sold 141,206 shares of the company’s stock in a transaction 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 sale, the chief financial officer now owns 127,101 shares of the company’s stock, valued at approximately $3,321,149.13. This represents a 52.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.61% of the company’s stock.

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.