Halliburton (NYSE:HAL) Shares Sold by Keybank National Association OH

Keybank National Association OH decreased its stake in shares of Halliburton (NYSE:HAL) by 40.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,711 shares of the oilfield services company’s stock after selling 6,517 shares during the quarter. Keybank National Association OH’s holdings in Halliburton were worth $264,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of HAL. Franklin Resources Inc. increased its stake in Halliburton by 244.5% during the 3rd quarter. Franklin Resources Inc. now owns 4,513,560 shares of the oilfield services company’s stock valued at $138,025,000 after purchasing an additional 3,203,224 shares in the last quarter. Pacer Advisors Inc. increased its stake in Halliburton by 23.1% during the 3rd quarter. Pacer Advisors Inc. now owns 16,782,174 shares of the oilfield services company’s stock valued at $487,522,000 after purchasing an additional 3,150,986 shares in the last quarter. Thompson Siegel & Walmsley LLC acquired a new position in Halliburton during the 3rd quarter valued at approximately $55,132,000. Van ECK Associates Corp increased its stake in Halliburton by 31.3% during the 4th quarter. Van ECK Associates Corp now owns 5,100,693 shares of the oilfield services company’s stock valued at $138,688,000 after purchasing an additional 1,214,586 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in Halliburton by 22.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 5,520,383 shares of the oilfield services company’s stock valued at $160,367,000 after purchasing an additional 995,649 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on HAL shares. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $34.00 price objective on shares of Halliburton in a report on Thursday, January 23rd. Wells Fargo & Company dropped their price objective on shares of Halliburton from $39.00 to $34.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. Piper Sandler started coverage on shares of Halliburton in a report on Thursday, December 19th. They issued an “overweight” rating and a $36.00 price objective on the stock. Jefferies Financial Group dropped their price objective on shares of Halliburton from $43.00 to $41.00 and set a “buy” rating on the stock in a report on Friday, January 3rd. Finally, Raymond James downgraded shares of Halliburton from a “strong-buy” rating to a “market perform” rating in a report on Monday, January 6th. Seven equities research 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 stock has a consensus rating of “Moderate Buy” and an average price target of $37.42.

Halliburton Stock Performance

HAL opened at $24.64 on Wednesday. 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 has a market cap of $21.39 billion, a price-to-earnings ratio of 8.71, a PEG ratio of 3.79 and a beta of 1.84. Halliburton has a 52-week low of $23.42 and a 52-week high of $41.56. The firm’s fifty day simple moving average is $26.72 and its two-hundred day simple moving average is $28.39.

Halliburton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.76%. The ex-dividend date of this dividend is Wednesday, March 5th. Halliburton’s payout ratio is 24.03%.

Insider Buying and Selling at Halliburton

In other news, VP Timothy Mckeon sold 10,497 shares of the stock in a transaction dated 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 $1,913,486.40. This represents a 11.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Eric Carre sold 141,206 shares of the stock in a transaction dated 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 completion of the sale, the chief financial officer now owns 127,101 shares of the company’s stock, valued at $3,321,149.13. This trade represents a 52.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 155,603 shares of company stock valued at $4,041,695 over the last ninety days. Corporate insiders own 0.61% of the company’s stock.

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.