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

Avidian Wealth Enterprises LLC lessened its stake in Halliburton (NYSE:HAL) by 27.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,353 shares of the oilfield services company’s stock after selling 6,243 shares during the quarter. 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 also recently made changes to their positions in HAL. CWM LLC boosted its holdings in shares of Halliburton by 11.1% in the 3rd quarter. CWM LLC now owns 32,366 shares of the oilfield services company’s stock valued at $940,000 after purchasing an additional 3,224 shares during the last quarter. Inspire Investing LLC boosted its holdings in shares of Halliburton by 26.0% in the 3rd quarter. Inspire Investing LLC now owns 9,855 shares of the oilfield services company’s stock valued at $286,000 after purchasing an additional 2,034 shares during the last quarter. Exchange Traded Concepts LLC boosted its holdings in shares of Halliburton by 203.8% in the 3rd quarter. Exchange Traded Concepts LLC now owns 21,866 shares of the oilfield services company’s stock valued at $635,000 after purchasing an additional 14,668 shares during the last quarter. Creative Planning lifted its holdings in shares of Halliburton by 11.9% during the 3rd quarter. Creative Planning now owns 173,555 shares of the oilfield services company’s stock valued at $5,042,000 after acquiring an additional 18,396 shares in the last quarter. Finally, Vontobel Holding Ltd. lifted its holdings in shares of Halliburton by 63.0% during the 3rd quarter. Vontobel Holding Ltd. now owns 57,064 shares of the oilfield services company’s stock valued at $1,658,000 after acquiring an additional 22,047 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Halliburton Price Performance

HAL opened at $26.27 on Friday. The company has a 50-day moving average of $27.43 and a 200-day moving average of $29.22. The company has a market capitalization of $23.08 billion, a P/E ratio of 9.28, a PEG ratio of 3.53 and a beta of 1.89. Halliburton has a 1-year low of $25.16 and a 1-year high of $41.56. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05.

Halliburton Dividend Announcement

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

Insider Transactions at Halliburton

In related news, CFO Eric Carre sold 141,206 shares of the business’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 sale, the chief financial officer now 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

HAL has been the topic of several recent research reports. UBS Group lowered shares of Halliburton from a “buy” rating to a “neutral” rating and reduced their target price for the company from $36.00 to $34.00 in a report on Monday, December 9th. Wells Fargo & Company reduced their target price on shares of Halliburton from $39.00 to $34.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. JPMorgan Chase & Co. reduced their target price on shares of Halliburton from $35.00 to $33.00 and set an “overweight” rating on the stock in a report on Thursday, January 2nd. Barclays reduced 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. Finally, Evercore ISI cut their price objective on shares of Halliburton from $43.00 to $35.00 and set an “outperform” rating on the stock in a report on Wednesday, January 15th. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $37.42.

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.