Halliburton (NYSE:HAL) Holdings Raised by Quent Capital LLC

Quent Capital LLC boosted its stake in Halliburton (NYSE:HAL) by 261.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,246 shares of the oilfield services company’s stock after acquiring an additional 1,624 shares during the quarter. Quent Capital LLC’s holdings in Halliburton were worth $61,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Mediolanum International Funds Ltd boosted its holdings in shares of Halliburton by 48.2% in the fourth quarter. Mediolanum International Funds Ltd now owns 71,797 shares of the oilfield services company’s stock valued at $1,931,000 after acquiring an additional 23,340 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in Halliburton by 3.7% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,257,250 shares of the oilfield services company’s stock worth $61,375,000 after purchasing an additional 80,567 shares during the period. Cary Street Partners Asset Management LLC boosted its stake in Halliburton by 56.5% during the 3rd quarter. Cary Street Partners Asset Management LLC now owns 157,085 shares of the oilfield services company’s stock valued at $4,563,000 after purchasing an additional 56,707 shares in the last quarter. Massachusetts Wealth Management increased its position in shares of Halliburton by 180.9% during the 4th quarter. Massachusetts Wealth Management now owns 43,675 shares of the oilfield services company’s stock valued at $1,188,000 after purchasing an additional 28,125 shares during the period. Finally, Pacer Advisors Inc. raised its stake in shares of Halliburton by 23.1% in the 3rd quarter. Pacer Advisors Inc. now owns 16,782,174 shares of the oilfield services company’s stock worth $487,522,000 after buying an additional 3,150,986 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Insider Buying and Selling at Halliburton

In other Halliburton news, CFO Eric Carre sold 141,206 shares of the company’s 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 transaction, the chief financial officer now directly owns 127,101 shares of the company’s stock, valued at $3,321,149.13. This represents a 52.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on HAL shares. Morgan Stanley lowered their target price on Halliburton from $35.00 to $34.00 and set an “overweight” rating on the stock in a report on Monday, November 18th. Piper Sandler initiated coverage on shares of Halliburton in a report on Thursday, December 19th. They issued an “overweight” rating and a $36.00 target price on the stock. JPMorgan Chase & Co. reduced their target price on shares of Halliburton from $35.00 to $33.00 and set an “overweight” rating for the company in a report on Thursday, January 2nd. Benchmark dropped their price target on Halliburton from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. Finally, Barclays reduced their price objective on Halliburton from $32.00 to $30.00 and set an “equal weight” rating for the company in a research note on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, Halliburton currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.42.

Halliburton Price Performance

Shares of HAL opened at $26.27 on Friday. The business’s 50-day moving average is $27.43 and its 200-day moving average is $29.22. 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 company has a market capitalization of $23.08 billion, a price-to-earnings ratio of 9.28, a P/E/G ratio of 3.53 and a beta of 1.89. Halliburton has a fifty-two week low of $25.16 and a fifty-two week high of $41.56.

Halliburton Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be given 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 2.59%. Halliburton’s payout ratio is 24.03%.

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.