Halliburton (NYSE:HAL) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lessened its stake in shares of Halliburton (NYSE:HAL) by 4.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 5,489,494 shares of the oilfield services company’s stock after selling 239,180 shares during the period. Wellington Management Group LLP owned about 0.63% of Halliburton worth $149,259,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of HAL. Captrust Financial Advisors boosted its position in shares of Halliburton by 9.4% in the 3rd quarter. Captrust Financial Advisors now owns 43,434 shares of the oilfield services company’s stock valued at $1,262,000 after purchasing an additional 3,721 shares during the period. Benjamin Edwards Inc. boosted its holdings in shares of Halliburton by 45.0% in the third quarter. Benjamin Edwards Inc. now owns 10,677 shares of the oilfield services company’s stock worth $310,000 after buying an additional 3,315 shares during the period. Holocene Advisors LP purchased a new position in shares of Halliburton in the third quarter worth approximately $3,115,000. Hilltop Holdings Inc. raised its holdings in shares of Halliburton by 70.5% during the third quarter. Hilltop Holdings Inc. now owns 10,156 shares of the oilfield services company’s stock valued at $295,000 after acquiring an additional 4,201 shares during the period. Finally, HighTower Advisors LLC lifted its position in shares of Halliburton by 60.7% in the 3rd quarter. HighTower Advisors LLC now owns 671,942 shares of the oilfield services company’s stock valued at $19,449,000 after acquiring an additional 253,867 shares in the last quarter. 85.23% of the stock is owned by institutional investors.

Halliburton Trading Up 0.7 %

NYSE:HAL opened at $25.73 on Thursday. 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 company’s 50 day moving average is $25.76 and its 200-day moving average is $27.90. The firm has a market cap of $22.34 billion, a price-to-earnings ratio of 9.09, a P/E/G ratio of 3.79 and a beta of 1.84. Halliburton has a 12 month low of $23.42 and a 12 month high of $41.56.

Halliburton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.64%. The ex-dividend date of this dividend was Wednesday, March 5th. Halliburton’s dividend payout ratio is currently 24.03%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on HAL. Evercore ISI cut their target price on shares of Halliburton from $43.00 to $35.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 15th. Piper Sandler assumed coverage on Halliburton in a research report on Thursday, December 19th. They set an “overweight” rating and a $36.00 price target on the stock. Wells Fargo & Company lowered their target price on Halliburton from $39.00 to $34.00 and set an “overweight” rating on the stock in a research note 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 for the company in a research report on Friday, January 3rd. Finally, UBS Group cut shares of Halliburton from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $36.00 to $34.00 in a report on Monday, December 9th. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $37.37.

Insider Activity

In other news, CFO Eric Carre sold 141,206 shares of the firm’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $26.13, for a total value of $3,689,712.78. Following the sale, the chief financial officer now owns 127,101 shares in the company, valued at approximately $3,321,149.13. This trade represents a 52.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $93,756.00. Following the transaction, the director now directly owns 10,551 shares in the company, valued at $253,646.04. This trade represents a 26.99 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 206,782 shares of company stock valued at $5,321,170. 0.61% of the stock is owned by 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.