Swiss National Bank Sells 133,700 Shares of Halliburton (NYSE:HAL)

Swiss National Bank lowered its stake in shares of Halliburton (NYSE:HAL) by 5.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,494,000 shares of the oilfield services company’s stock after selling 133,700 shares during the period. Swiss National Bank owned approximately 0.28% of Halliburton worth $67,812,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in HAL. Connor Clark & Lunn Investment Management Ltd. lifted its position in Halliburton by 84.7% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 284,937 shares of the oilfield services company’s stock valued at $7,747,000 after purchasing an additional 130,651 shares during the period. EverSource Wealth Advisors LLC raised its stake in Halliburton by 1.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 36,612 shares of the oilfield services company’s stock valued at $995,000 after buying an additional 573 shares during the last quarter. HighTower Advisors LLC lifted its holdings in shares of Halliburton by 1.3% during the 4th quarter. HighTower Advisors LLC now owns 680,693 shares of the oilfield services company’s stock valued at $18,508,000 after buying an additional 8,751 shares during the period. Founders Financial Alliance LLC purchased a new position in shares of Halliburton in the 4th quarter worth $202,000. Finally, Pzena Investment Management LLC grew its holdings in shares of Halliburton by 0.4% in the fourth quarter. Pzena Investment Management LLC now owns 1,547,656 shares of the oilfield services company’s stock worth $42,081,000 after acquiring an additional 5,650 shares during the period. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Insider Buying and Selling

In other Halliburton news, CFO Eric Carre sold 141,206 shares of the business’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 transaction of $3,689,712.78. Following the sale, the chief financial officer now directly owns 127,101 shares of the company’s stock, valued at $3,321,149.13. The trade was a 52.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Margaret Katherine Banks sold 3,900 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $24.04, for a total value of $93,756.00. Following the completion of the sale, the director now directly owns 10,551 shares of the company’s stock, valued at $253,646.04. The trade was a 26.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 155,603 shares of company stock worth $4,041,695. Insiders own 0.61% of the company’s stock.

Halliburton Price Performance

Shares of Halliburton stock opened at $25.09 on Friday. The firm has a market cap of $21.78 billion, a PE ratio of 8.87, a PEG ratio of 3.79 and a beta of 1.84. The stock has a 50 day moving average of $26.55 and a 200 day moving average of $28.27. 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 has a 12 month low of $23.42 and a 12 month high of $41.56.

Halliburton Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date is Wednesday, March 5th. Halliburton’s dividend payout ratio (DPR) is presently 24.03%.

Analyst Ratings Changes

Several research analysts have issued reports on HAL shares. Raymond James cut Halliburton from a “strong-buy” rating to a “market perform” rating in a research report on Monday, January 6th. Wells Fargo & Company cut their target price on shares of Halliburton from $39.00 to $34.00 and set an “overweight” rating for the company in a research report on Tuesday, December 17th. Jefferies Financial Group decreased their price target on shares of Halliburton from $43.00 to $41.00 and set a “buy” rating on the stock in a research report on Friday, January 3rd. Piper Sandler started coverage on shares of Halliburton in a research report on Thursday, December 19th. They set an “overweight” rating and a $36.00 price objective for the company. Finally, Stifel Nicolaus decreased their target price on Halliburton from $42.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, Halliburton has an average rating of “Moderate Buy” and an average target price of $37.42.

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.