Halliburton (NYSE:HAL) Shares Purchased by HighTower Advisors LLC

HighTower Advisors LLC lifted its stake in Halliburton (NYSE:HAL) by 1.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 680,693 shares of the oilfield services company’s stock after acquiring an additional 8,751 shares during the quarter. HighTower Advisors LLC’s holdings in Halliburton were worth $18,508,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in HAL. Sierra Ocean LLC acquired a new stake in Halliburton during the 4th quarter worth approximately $36,000. Continuum Advisory LLC lifted its holdings 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 in the last quarter. Modus Advisors LLC acquired a new stake in Halliburton during the 4th quarter worth approximately $38,000. Venturi Wealth Management LLC lifted its holdings 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 worth $47,000 after buying an additional 412 shares in the last quarter. Finally, Brown Brothers Harriman & Co. lifted its holdings 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 worth $51,000 after buying an additional 393 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Piper Sandler assumed coverage on shares of Halliburton in a report on Thursday, December 19th. They set an “overweight” rating and a $36.00 target price on the stock. UBS Group downgraded shares of Halliburton from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $36.00 to $34.00 in a research report on Monday, December 9th. 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 research report on Tuesday, December 17th. 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 research report on Thursday, January 23rd. Finally, Benchmark dropped their price objective on shares of Halliburton from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, Halliburton presently has a consensus rating of “Moderate Buy” and an average target price of $37.42.

Halliburton Trading Up 3.1 %

NYSE HAL opened at $25.09 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05. The firm has a market cap of $21.78 billion, a PE ratio of 8.87, a P/E/G ratio of 3.79 and a beta of 1.84. Halliburton has a one year low of $23.42 and a one year high of $41.56. The firm’s fifty day moving average is $26.55 and its two-hundred day moving average is $28.27.

Halliburton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be paid a $0.17 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.68 dividend on an annualized basis and a yield of 2.71%. Halliburton’s dividend payout ratio is presently 24.03%.

Insider Buying and Selling at Halliburton

In other Halliburton news, VP Timothy Mckeon sold 10,497 shares of Halliburton stock in a transaction on Friday, March 7th. The shares were sold at an average price of $24.60, for a total value of $258,226.20. Following the transaction, the vice president now directly owns 77,784 shares in the company, valued at approximately $1,913,486.40. The trade was a 11.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Eric Carre sold 141,206 shares of Halliburton stock in a transaction on 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 transaction, the chief financial officer now owns 127,101 shares in the company, valued at approximately $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. Over the last three months, insiders have sold 155,603 shares of company stock worth $4,041,695. 0.61% of the stock is owned by company insiders.

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.