Halliburton (NYSE:HAL) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System lessened its position in Halliburton (NYSE:HAL) by 6.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 47,071 shares of the oilfield services company’s stock after selling 3,345 shares during the period. Maryland State Retirement & Pension System’s holdings in Halliburton were worth $1,280,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Intech Investment Management LLC acquired a new position in Halliburton during the 4th quarter valued at about $458,000. Generali Asset Management SPA SGR acquired a new position in Halliburton during the 4th quarter valued at about $4,916,000. Mystic Asset Management Inc. acquired a new position in Halliburton during the 4th quarter valued at about $291,000. Tocqueville Asset Management L.P. increased its stake in Halliburton by 3.0% during the 4th quarter. Tocqueville Asset Management L.P. now owns 98,330 shares of the oilfield services company’s stock valued at $2,674,000 after buying an additional 2,830 shares during the period. Finally, Nikko Asset Management Americas Inc. increased its stake in Halliburton by 1.2% during the 4th quarter. Nikko Asset Management Americas Inc. now owns 42,683 shares of the oilfield services company’s stock valued at $1,161,000 after buying an additional 505 shares during the period. Institutional investors and hedge funds own 85.23% of the company’s stock.

Halliburton Stock Performance

Shares of HAL opened at $24.75 on Friday. The company’s 50 day moving average price is $26.32 and its 200 day moving average price is $28.06. Halliburton has a 52 week low of $23.42 and a 52 week high of $41.56. The company has a market capitalization of $21.48 billion, a PE ratio of 8.74, a PEG ratio of 3.79 and a beta of 1.84. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend is Wednesday, March 5th. Halliburton’s payout ratio is presently 24.03%.

Wall Street Analysts Forecast Growth

HAL has been the topic of several research analyst reports. Piper Sandler initiated coverage on shares of Halliburton in a research note on Thursday, December 19th. They set an “overweight” rating and a $36.00 target price on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Halliburton from $35.00 to $33.00 and set an “overweight” rating for the company in a research report on Thursday, January 2nd. Griffin Securities lowered shares of Halliburton from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. Benchmark reduced their price objective on shares of Halliburton from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Finally, Evercore ISI reduced their price objective on shares of Halliburton from $43.00 to $35.00 and set an “outperform” rating for the company in a research 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.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.42.

Insider Activity at Halliburton

In other Halliburton news, VP Timothy Mckeon sold 10,497 shares of Halliburton stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $24.60, for a total value of $258,226.20. Following the completion of the sale, the vice president now directly owns 77,784 shares in the company, valued at $1,913,486.40. The trade was a 11.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Eric Carre sold 141,206 shares of Halliburton stock in a transaction that occurred on 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 trade represents a 52.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 206,782 shares of company stock valued at $5,321,170. 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.