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

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

Other hedge funds have also made changes to their positions in the company. Sierra Ocean LLC purchased a new position in Halliburton during the fourth quarter worth about $36,000. Continuum Advisory LLC increased 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 acquiring an additional 698 shares during the last quarter. Modus Advisors LLC acquired a new position in shares of Halliburton during the 4th quarter valued at about $38,000. Venturi Wealth Management LLC lifted its holdings 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 worth $47,000 after acquiring an additional 412 shares during the period. Finally, Brown Brothers Harriman & Co. boosted its position in shares of Halliburton by 28.8% in the third quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company’s stock worth $51,000 after acquiring an additional 393 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Halliburton Price Performance

Shares of HAL stock opened at $26.25 on Monday. The firm has a fifty day simple moving average of $27.06 and a 200-day simple moving average of $28.90. The company has a market capitalization of $22.78 billion, a PE ratio of 9.27, a price-to-earnings-growth ratio of 3.79 and a beta of 1.89. Halliburton has a twelve month low of $25.16 and a twelve month high of $41.56. The company has a current ratio of 2.05, a quick ratio of 1.54 and a debt-to-equity ratio of 0.68.

Halliburton Dividend Announcement

The company also recently disclosed 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 currently 24.03%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on HAL. Evercore ISI cut their price target on shares of Halliburton from $43.00 to $35.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 15th. Benchmark dropped their price objective on Halliburton from $40.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Piper Sandler assumed coverage on Halliburton in a report on Thursday, December 19th. They issued an “overweight” rating and a $36.00 target price on the stock. Morgan Stanley dropped their price target on Halliburton from $35.00 to $34.00 and set an “overweight” rating for the company in a research note on Monday, November 18th. Finally, Barclays cut their price objective on Halliburton from $32.00 to $30.00 and set an “equal weight” rating on the stock in a report on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.42.

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 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 the SEC website. Insiders own 0.61% of the company’s stock.

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.