Halliburton (NYSE:HAL) Shares Sold by Avidian Wealth Enterprises LLC

Avidian Wealth Enterprises LLC trimmed its position in shares of Halliburton (NYSE:HAL) by 27.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,353 shares of the oilfield services company’s stock after selling 6,243 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Halliburton were worth $445,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Great Lakes Retirement Inc. boosted its stake in Halliburton by 18.4% during the 4th quarter. Great Lakes Retirement Inc. now owns 23,907 shares of the oilfield services company’s stock valued at $650,000 after purchasing an additional 3,723 shares during the period. Quent Capital LLC boosted its stake in Halliburton by 261.1% during the 4th quarter. Quent Capital LLC now owns 2,246 shares of the oilfield services company’s stock valued at $61,000 after purchasing an additional 1,624 shares during the period. Eukles Asset Management boosted its stake in Halliburton by 6.2% during the 4th quarter. Eukles Asset Management now owns 12,296 shares of the oilfield services company’s stock valued at $334,000 after purchasing an additional 713 shares during the period. Wingate Wealth Advisors Inc. acquired a new position in Halliburton during the 4th quarter valued at about $52,000. Finally, Angeles Wealth Management LLC boosted its stake in Halliburton by 39.2% during the 4th quarter. Angeles Wealth Management LLC now owns 9,647 shares of the oilfield services company’s stock valued at $262,000 after purchasing an additional 2,719 shares during the period. 85.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Griffin Securities lowered shares of Halliburton from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. UBS Group lowered shares of Halliburton from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $36.00 to $34.00 in a research note on Monday, December 9th. Jefferies Financial Group reduced their price target on shares of Halliburton from $43.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. 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 note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. reduced their price target on shares of Halliburton from $35.00 to $33.00 and set an “overweight” rating for the company in a research note on Thursday, January 2nd. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $37.42.

Halliburton Stock Up 1.2 %

HAL stock opened at $26.27 on Friday. Halliburton has a 52-week low of $25.16 and a 52-week high of $41.56. The company’s 50 day simple moving average is $27.43 and its 200-day simple 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 firm has a market capitalization of $23.08 billion, a P/E ratio of 9.28, a P/E/G ratio of 3.53 and a beta of 1.89.

Halliburton Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be issued a dividend of $0.17 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.59%. Halliburton’s dividend payout ratio is currently 24.03%.

Insider Activity

In other Halliburton news, CFO Eric Carre sold 141,206 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The shares were 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 owns 127,101 shares in the company, valued at approximately $3,321,149.13. This represents a 52.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.61% of the stock is owned by company insiders.

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.