Achmea Investment Management B.V. Cuts Position in Halliburton (NYSE:HAL)

Achmea Investment Management B.V. trimmed its holdings in shares of Halliburton (NYSE:HAL) by 16.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 119,528 shares of the oilfield services company’s stock after selling 24,207 shares during the quarter. Achmea Investment Management B.V.’s holdings in Halliburton were worth $3,250,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HAL. Sierra Ocean LLC purchased a new position in Halliburton during the 4th quarter worth $36,000. Modus Advisors LLC purchased a new position in Halliburton during the 4th quarter worth $38,000. Continuum Advisory LLC grew its stake in Halliburton by 101.2% during the 3rd quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company’s stock worth $42,000 after buying an additional 698 shares during the last quarter. Venturi Wealth Management LLC grew its stake in Halliburton by 34.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock valued at $47,000 after purchasing an additional 412 shares during the last quarter. Finally, Brown Brothers Harriman & Co. grew its stake in Halliburton by 28.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company’s stock valued at $51,000 after purchasing an additional 393 shares during the last quarter. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Halliburton news, Director Margaret Katherine Banks sold 3,900 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 10,551 shares in the company, valued at approximately $253,646.04. The trade was a 26.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Timothy Mckeon sold 10,497 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $24.60, for a total value of $258,226.20. Following the sale, the vice president now 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 155,603 shares of company stock valued at $4,041,695. 0.61% of the stock is owned by company insiders.

Halliburton Stock Performance

NYSE HAL opened at $25.09 on Friday. The stock has a market capitalization of $21.78 billion, a price-to-earnings ratio of 8.87, a PEG ratio of 3.79 and a beta of 1.84. Halliburton has a twelve month low of $23.42 and a twelve month high of $41.56. The company has a current ratio of 2.05, a quick ratio of 1.54 and a debt-to-equity ratio of 0.68. The stock has a 50-day moving average of $26.55 and a 200 day moving average of $28.29.

Halliburton Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be issued 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 yield of 2.71%. Halliburton’s payout ratio is 24.03%.

Analyst Ratings Changes

Several analysts have weighed in on HAL shares. UBS Group downgraded Halliburton from a “buy” rating to a “neutral” rating and dropped their price target for the company from $36.00 to $34.00 in a research note on Monday, December 9th. Royal Bank of Canada reiterated a “sector perform” rating and set a $34.00 price target on shares of Halliburton in a research note on Thursday, January 23rd. Evercore ISI dropped their price target on Halliburton from $43.00 to $35.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 15th. Jefferies Financial Group dropped their price target on Halliburton from $43.00 to $41.00 and set a “buy” rating on the stock in a research note on Friday, January 3rd. Finally, Barclays dropped their price target on Halliburton from $32.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 23rd. 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 has a consensus rating of “Moderate Buy” and an average target price of $37.42.

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.