Halliburton (NYSE:HAL) Position Trimmed by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank trimmed its stake in Halliburton (NYSE:HAL) by 16.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 331,627 shares of the oilfield services company’s stock after selling 64,145 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Halliburton were worth $9,017,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in HAL. MidWestOne Financial Group Inc. increased its position in Halliburton by 4.4% in the 3rd quarter. MidWestOne Financial Group Inc. now owns 8,610 shares of the oilfield services company’s stock worth $250,000 after purchasing an additional 359 shares during the last quarter. Public Sector Pension Investment Board increased its position in Halliburton by 0.3% in the 3rd quarter. Public Sector Pension Investment Board now owns 154,210 shares of the oilfield services company’s stock worth $4,480,000 after purchasing an additional 390 shares during the last quarter. Brown Brothers Harriman & Co. increased its position in Halliburton by 28.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company’s stock worth $51,000 after purchasing an additional 393 shares during the last quarter. HBW Advisory Services LLC increased its position in Halliburton by 3.9% in the 4th quarter. HBW Advisory Services LLC now owns 10,504 shares of the oilfield services company’s stock worth $286,000 after purchasing an additional 397 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its position in Halliburton by 34.2% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock worth $47,000 after purchasing an additional 412 shares during the last quarter. 85.23% of the stock is owned by hedge funds and other institutional investors.

Halliburton Price Performance

Shares of HAL stock opened at $24.29 on Friday. The stock has a 50 day moving average of $26.60 and a two-hundred day moving average of $28.34. The company has a current ratio of 2.05, a quick ratio of 1.54 and a debt-to-equity ratio of 0.68. Halliburton has a 12 month low of $23.42 and a 12 month high of $41.56. The company has a market capitalization of $21.08 billion, a P/E ratio of 8.58, a P/E/G ratio of 3.79 and a beta of 1.84.

Halliburton Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.80%. Halliburton’s dividend payout ratio is currently 24.03%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Wells Fargo & Company lowered their price objective on Halliburton from $39.00 to $34.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. JPMorgan Chase & Co. lowered their price objective on Halliburton from $35.00 to $33.00 and set an “overweight” rating on the stock in a report on Thursday, January 2nd. UBS Group lowered Halliburton from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $36.00 to $34.00 in a report on Monday, December 9th. Benchmark lowered their price objective on Halliburton from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. Finally, Jefferies Financial Group lowered their price objective on Halliburton from $43.00 to $41.00 and set a “buy” rating on the stock in a report on Friday, January 3rd. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Halliburton has an average rating of “Moderate Buy” and a consensus target price of $37.42.

Insiders Place Their Bets

In related news, Director Margaret Katherine Banks sold 3,900 shares of the business’s stock in a transaction 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 sale, the director now owns 10,551 shares of the company’s stock, valued at $253,646.04. The trade was a 26.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Timothy Mckeon sold 10,497 shares of the business’s 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 sale, the vice president now directly owns 77,784 shares in the company, valued at approximately $1,913,486.40. This represents a 11.89 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 155,603 shares of company stock worth $4,041,695. 0.61% of the stock is currently owned by company 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.