Halliburton (NYSE:HAL) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its holdings in shares of Halliburton (NYSE:HAL) by 3.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 105,228 shares of the oilfield services company’s stock after selling 3,468 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Halliburton were worth $2,861,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in HAL. Janney Montgomery Scott LLC increased its holdings in shares of Halliburton by 4.3% during the third quarter. Janney Montgomery Scott LLC now owns 152,741 shares of the oilfield services company’s stock valued at $4,437,000 after acquiring an additional 6,258 shares in the last quarter. National Pension Service grew its position in Halliburton by 1.9% during the 3rd quarter. National Pension Service now owns 1,292,856 shares of the oilfield services company’s stock worth $37,557,000 after purchasing an additional 24,350 shares during the last quarter. Asset Management One Co. Ltd. increased its stake in Halliburton by 1.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 334,483 shares of the oilfield services company’s stock valued at $9,717,000 after purchasing an additional 4,230 shares in the last quarter. QRG Capital Management Inc. raised its holdings in shares of Halliburton by 12.2% in the third quarter. QRG Capital Management Inc. now owns 42,239 shares of the oilfield services company’s stock worth $1,227,000 after buying an additional 4,583 shares during the last quarter. Finally, NorthRock Partners LLC acquired a new stake in shares of Halliburton during the third quarter worth $254,000. 85.23% of the stock is owned by institutional investors and hedge funds.

Halliburton Trading Up 1.0 %

Shares of HAL stock opened at $24.44 on Friday. Halliburton has a 1-year low of $23.42 and a 1-year high of $41.56. The company has a market cap of $21.21 billion, a price-to-earnings ratio of 8.63, a PEG ratio of 3.79 and a beta of 1.84. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 1.54. The stock has a 50 day simple moving average of $26.85 and a 200-day simple moving average of $28.57.

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 given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend is Wednesday, March 5th. Halliburton’s dividend payout ratio is presently 24.03%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Raymond James lowered Halliburton from a “strong-buy” rating to a “market perform” rating in a research note on Monday, January 6th. Susquehanna reduced their price objective on Halliburton from $42.00 to $40.00 and set a “positive” rating for the company in a research note on Friday, November 8th. Evercore ISI dropped their target price on Halliburton from $43.00 to $35.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 15th. Benchmark reduced their price target on shares of Halliburton from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Finally, Barclays dropped their price objective on shares of Halliburton from $32.00 to $30.00 and set an “equal weight” rating on the stock in a report on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, Halliburton has a consensus rating of “Moderate Buy” and an average price target of $37.42.

Insider Buying and Selling at Halliburton

In other news, Director Margaret Katherine Banks sold 3,900 shares of the firm’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 value of $93,756.00. Following the transaction, the director now owns 10,551 shares in the company, valued at $253,646.04. This trade represents a 26.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Eric Carre sold 141,206 shares of Halliburton stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 127,101 shares in the company, valued at $3,321,149.13. This represents a 52.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.61% of the company’s stock.

Halliburton Company 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.