Halliburton (NYSE:HAL) Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA decreased its holdings in shares of Halliburton (NYSE:HAL) by 3.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 552,737 shares of the oilfield services company’s stock after selling 21,183 shares during the period. Pictet Asset Management Holding SA owned approximately 0.06% of Halliburton worth $15,029,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Nomura Asset Management Co. Ltd. grew its holdings in Halliburton by 0.5% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 274,515 shares of the oilfield services company’s stock worth $7,464,000 after acquiring an additional 1,396 shares during the period. New Age Alpha Advisors LLC acquired a new position in shares of Halliburton during the 4th quarter worth $2,169,000. Norges Bank purchased a new position in shares of Halliburton in the 4th quarter valued at about $299,986,000. NEOS Investment Management LLC lifted its stake in shares of Halliburton by 31.4% in the fourth quarter. NEOS Investment Management LLC now owns 52,051 shares of the oilfield services company’s stock valued at $1,415,000 after purchasing an additional 12,443 shares during the period. Finally, UniSuper Management Pty Ltd boosted its holdings in Halliburton by 20.0% during the fourth quarter. UniSuper Management Pty Ltd now owns 94,189 shares of the oilfield services company’s stock worth $2,561,000 after buying an additional 15,671 shares in the last quarter. 85.23% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Halliburton

In other news, VP Timothy Mckeon sold 10,497 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $24.60, for a total transaction of $258,226.20. Following the completion of the sale, the vice president now owns 77,784 shares in the company, valued at approximately $1,913,486.40. The trade was a 11.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Eric Carre sold 51,179 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $25.00, for a total transaction of $1,279,475.00. Following the completion of the transaction, the chief financial officer now owns 127,101 shares in the company, valued at $3,177,525. The trade was a 28.71 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 206,782 shares of company stock worth $5,321,170. 0.61% of the stock is owned by company insiders.

Halliburton Stock Performance

NYSE HAL opened at $25.55 on Wednesday. The business’s 50-day moving average price is $25.82 and its 200 day moving average price is $27.91. 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 twelve month low of $23.42 and a twelve month high of $41.56. The company has a market capitalization of $22.18 billion, a PE ratio of 9.03, a price-to-earnings-growth ratio of 3.79 and a beta of 1.84.

Halliburton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were given a $0.17 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.68 annualized dividend and a dividend yield of 2.66%. Halliburton’s dividend payout ratio is presently 24.03%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on HAL shares. JPMorgan Chase & Co. reduced their price target 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. Benchmark decreased their target price on Halliburton from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. Evercore ISI dropped 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. Royal Bank of Canada reiterated a “sector perform” rating and issued a $34.00 price objective on shares of Halliburton in a research report on Thursday, January 23rd. Finally, Piper Sandler initiated coverage on shares of Halliburton in a report on Thursday, December 19th. They set an “overweight” rating and a $36.00 target price for the company. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.37.

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.