Halliburton (NYSE:HAL) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems reduced its position in Halliburton (NYSE:HAL) by 1.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,667 shares of the oilfield services company’s stock after selling 836 shares during the quarter. Kentucky Retirement Systems’ holdings in Halliburton were worth $1,650,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Sierra Ocean LLC acquired a new stake in shares of Halliburton in the fourth quarter valued at approximately $36,000. Modus Advisors LLC purchased a new stake in shares of Halliburton during the fourth quarter worth approximately $38,000. Continuum Advisory LLC raised its stake in shares of Halliburton by 101.2% during the third quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company’s stock worth $42,000 after purchasing an additional 698 shares during the last quarter. Venturi Wealth Management LLC raised its stake in shares of Halliburton by 34.2% during the third quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock worth $47,000 after purchasing an additional 412 shares during the last quarter. Finally, Brown Brothers Harriman & Co. raised its stake in shares of Halliburton by 28.8% during the third quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company’s stock worth $51,000 after purchasing an additional 393 shares during the last quarter. 85.23% of the stock is owned by institutional investors and hedge funds.

Halliburton Trading Down 2.8 %

Halliburton stock opened at $26.25 on Monday. The business has a 50 day moving average price of $27.06 and a two-hundred day moving average price of $28.90. 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 stock has a market cap of $22.78 billion, a price-to-earnings ratio of 9.27, a price-to-earnings-growth ratio of 3.79 and a beta of 1.89. Halliburton has a 12 month low of $25.16 and a 12 month high of $41.56.

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 paid a $0.17 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.68 annualized dividend and a dividend yield of 2.59%. Halliburton’s dividend payout ratio is currently 24.03%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Evercore ISI cut their price objective on Halliburton from $43.00 to $35.00 and set an “outperform” rating for the company in a research report on Wednesday, January 15th. Jefferies Financial Group cut their price objective on Halliburton from $43.00 to $41.00 and set a “buy” rating for the company in a research report on Friday, January 3rd. Susquehanna cut their price objective on Halliburton from $42.00 to $40.00 and set a “positive” rating for the company in a research report on Friday, November 8th. Griffin Securities cut Halliburton from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. Finally, Morgan Stanley cut their price objective on Halliburton from $35.00 to $34.00 and set an “overweight” rating for the company in a research report on Monday, November 18th. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned 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 a consensus price target of $37.42.

Insider Activity

In other Halliburton news, CFO Eric Carre sold 141,206 shares of the stock in a transaction 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 in the company, valued at approximately $3,321,149.13. This trade 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. Corporate insiders own 0.61% of the company’s stock.

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.