Sigma Planning Corp Cuts Holdings in Halliburton (NYSE:HAL)

Sigma Planning Corp trimmed its holdings in shares of Halliburton (NYSE:HAL) by 19.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,383 shares of the oilfield services company’s stock after selling 1,998 shares during the period. Sigma Planning Corp’s holdings in Halliburton were worth $228,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. MidWestOne Financial Group Inc. lifted its holdings in shares of Halliburton by 4.4% during the 3rd quarter. MidWestOne Financial Group Inc. now owns 8,610 shares of the oilfield services company’s stock valued at $250,000 after buying an additional 359 shares during the period. Public Sector Pension Investment Board lifted its holdings in shares of Halliburton by 0.3% during the 3rd quarter. Public Sector Pension Investment Board now owns 154,210 shares of the oilfield services company’s stock valued at $4,480,000 after buying an additional 390 shares during the period. Brown Brothers Harriman & Co. lifted its holdings in shares of 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 buying an additional 393 shares during the period. HBW Advisory Services LLC lifted its holdings 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 buying an additional 397 shares during the period. Finally, Venturi Wealth Management LLC lifted its holdings in shares of 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 buying an additional 412 shares during the period. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HAL has been the topic of several research analyst reports. Wells Fargo & Company lowered their price target on Halliburton from $39.00 to $34.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. Stifel Nicolaus decreased their target price on Halliburton from $42.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. Piper Sandler started coverage on Halliburton in a report on Thursday, December 19th. They issued an “overweight” rating and a $36.00 target price on the stock. Susquehanna decreased their target price on Halliburton from $42.00 to $40.00 and set a “positive” rating on the stock in a report on Friday, November 8th. Finally, Benchmark decreased their target price on Halliburton from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $37.42.

Insider Activity

In related news, CFO Eric Carre sold 141,206 shares of Halliburton stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $26.13, for a total value of $3,689,712.78. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.61% of the company’s stock.

Halliburton Trading Up 0.9 %

Shares of Halliburton stock opened at $26.34 on Friday. The firm has a market cap of $22.86 billion, a price-to-earnings ratio of 9.31, a PEG ratio of 3.79 and a beta of 1.89. The business has a 50-day moving average price of $27.03 and a 200-day moving average price of $28.76. The company has a quick ratio of 1.54, a current ratio of 2.05 and a debt-to-equity ratio of 0.68. Halliburton has a twelve month low of $25.16 and a twelve month high of $41.56.

Halliburton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.17 per share. 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 2.58%. Halliburton’s payout ratio is 24.03%.

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.