Halliburton (NYSE:HAL) Stock Position Decreased by Tejara Capital Ltd

Tejara Capital Ltd cut its stake in shares of Halliburton (NYSE:HAL) by 66.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,400 shares of the oilfield services company’s stock after selling 67,089 shares during the quarter. Tejara Capital Ltd’s holdings in Halliburton were worth $908,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of HAL. Sierra Ocean LLC acquired a new stake in shares of Halliburton in the fourth quarter worth $36,000. Continuum Advisory LLC raised its holdings 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 acquiring an additional 698 shares in the last quarter. Modus Advisors LLC purchased a new stake in shares of Halliburton during the fourth quarter worth $38,000. Blume Capital Management Inc. raised its holdings in shares of Halliburton by 33.3% during the fourth quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company’s stock worth $44,000 after acquiring an additional 400 shares in the last quarter. Finally, Brown Brothers Harriman & Co. raised its holdings 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 acquiring an additional 393 shares in the last quarter. 85.23% of the stock is owned by institutional investors.

Insider Activity at Halliburton

In other news, Director Margaret Katherine Banks sold 3,900 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $24.04, for a total value of $93,756.00. Following the sale, the director now directly owns 10,551 shares in the company, valued at approximately $253,646.04. This represents a 26.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Eric Carre sold 141,206 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $26.13, for a total value of $3,689,712.78. Following the completion of the sale, the chief financial officer now owns 127,101 shares in the company, valued at approximately $3,321,149.13. This represents a 52.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 206,782 shares of company stock worth $5,321,170 over the last three months. Company insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

HAL has been the subject of several recent research reports. Stifel Nicolaus cut their price objective on Halliburton from $42.00 to $37.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Evercore ISI reduced their price target on Halliburton from $43.00 to $35.00 and set an “outperform” rating for the company in a research report on Wednesday, January 15th. Morgan Stanley reduced their price target on Halliburton from $35.00 to $34.00 and set an “overweight” rating for the company in a research report on Monday, November 18th. Raymond James cut Halliburton from a “strong-buy” rating to a “market perform” rating in a research report on Monday, January 6th. Finally, Piper Sandler began coverage on Halliburton in a research report on Thursday, December 19th. They issued an “overweight” rating and a $36.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, Halliburton has a consensus rating of “Moderate Buy” and a consensus target price of $37.42.

Halliburton Trading Up 0.6 %

Shares of HAL opened at $25.23 on Tuesday. Halliburton has a 12-month low of $23.42 and a 12-month high of $41.56. 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 firm has a market capitalization of $21.90 billion, a price-to-earnings ratio of 8.91, a P/E/G ratio of 3.79 and a beta of 1.84. The stock’s 50-day moving average price is $26.50 and its 200 day moving average price is $28.21.

Halliburton Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be paid a dividend of $0.17 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.68 annualized dividend and a yield of 2.70%. Halliburton’s dividend payout ratio is 24.03%.

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.