AustralianSuper Pty Ltd Sells 76,509 Shares of Halliburton (NYSE:HAL)

AustralianSuper Pty Ltd lessened its position in Halliburton (NYSE:HAL) by 34.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 147,890 shares of the oilfield services company’s stock after selling 76,509 shares during the period. AustralianSuper Pty Ltd’s holdings in Halliburton were worth $4,021,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in HAL. Modus Advisors LLC bought a new stake in Halliburton in the 4th quarter worth $38,000. Continuum Advisory LLC boosted its stake in shares of Halliburton by 101.2% during the 3rd quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company’s stock valued at $42,000 after purchasing an additional 698 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in shares of Halliburton by 34.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock valued at $47,000 after purchasing an additional 412 shares in the last quarter. Brown Brothers Harriman & Co. boosted its stake in shares of Halliburton by 28.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company’s stock valued at $51,000 after purchasing an additional 393 shares in the last quarter. Finally, Wingate Wealth Advisors Inc. bought a new stake in shares of Halliburton during the 4th quarter valued at about $52,000. Institutional investors own 85.23% of the company’s stock.

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 transaction of $3,689,712.78. Following the completion of the sale, the chief financial officer now directly owns 127,101 shares of the company’s stock, valued at approximately $3,321,149.13. This represents a 52.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.61% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on HAL. Piper Sandler began coverage on shares of Halliburton in a research note on Thursday, December 19th. They set an “overweight” rating and a $36.00 target price on the stock. JPMorgan Chase & Co. cut their target price on shares of Halliburton from $35.00 to $33.00 and set an “overweight” rating on the stock in a research note on Thursday, January 2nd. Barclays cut their target price on shares of Halliburton from $32.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 23rd. 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 research note on Friday, January 3rd. Finally, Griffin Securities lowered shares of Halliburton from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $37.42.

Halliburton Stock Down 0.5 %

HAL opened at $26.16 on Friday. 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 firm has a 50 day moving average price of $27.30 and a 200-day moving average price of $29.15. Halliburton has a twelve month low of $25.16 and a twelve month high of $41.56. The stock has a market capitalization of $22.70 billion, a price-to-earnings ratio of 9.24, a PEG ratio of 3.53 and a beta of 1.89.

Halliburton Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 2.60%. Halliburton’s payout ratio is 24.03%.

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.