Halliburton (NYSE:HAL) Shares Sold by Dover Advisors LLC

Dover Advisors LLC lessened its position in shares of Halliburton (NYSE:HAL) by 16.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,608 shares of the oilfield services company’s stock after selling 2,365 shares during the period. Dover Advisors LLC’s holdings in Halliburton were worth $316,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. South Dakota Investment Council lifted its stake in Halliburton by 1.4% during the fourth quarter. South Dakota Investment Council now owns 651,939 shares of the oilfield services company’s stock worth $17,726,000 after purchasing an additional 9,194 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of Halliburton during the fourth quarter worth $351,000. Delta Financial Group Inc. bought a new position in shares of Halliburton in the 4th quarter worth about $277,000. Arcadia Investment Management Corp MI boosted its holdings in shares of Halliburton by 3.4% in the 4th quarter. Arcadia Investment Management Corp MI now owns 51,890 shares of the oilfield services company’s stock valued at $1,411,000 after buying an additional 1,685 shares during the period. Finally, Ieq Capital LLC grew its position in shares of Halliburton by 21.5% during the 4th quarter. Ieq Capital LLC now owns 51,330 shares of the oilfield services company’s stock valued at $1,396,000 after buying an additional 9,072 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Insider Transactions at Halliburton

In other news, CFO Eric Carre sold 141,206 shares of the firm’s stock in a transaction dated 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 trade represents a 52.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

HAL has been the topic of a number of recent research reports. 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 report on Thursday, January 23rd. Griffin Securities downgraded Halliburton from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. Piper Sandler assumed coverage on Halliburton in a research note on Thursday, December 19th. They set an “overweight” rating and a $36.00 price objective for the company. Benchmark dropped their target price on Halliburton from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. Finally, Morgan Stanley reduced their price target on shares of Halliburton from $35.00 to $34.00 and set an “overweight” rating for the company in a report on Monday, November 18th. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, Halliburton has an average rating of “Moderate Buy” and a consensus price target of $37.42.

Halliburton Price Performance

NYSE HAL opened at $26.25 on Monday. Halliburton has a 12 month low of $25.16 and a 12 month high of $41.56. The firm has a market capitalization of $22.78 billion, a PE ratio of 9.27, a P/E/G ratio of 3.79 and a beta of 1.89. The company’s 50 day simple moving average is $27.06 and its 200 day simple moving average is $28.90. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 1.54.

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 given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.59%. The ex-dividend date of this dividend is Wednesday, March 5th. Halliburton’s dividend payout ratio (DPR) is presently 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.