Achmea Investment Management B.V. Sells 24,207 Shares of Halliburton (NYSE:HAL)

Achmea Investment Management B.V. trimmed its holdings in Halliburton (NYSE:HAL - Free Report) by 16.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 119,528 shares of the oilfield services company's stock after selling 24,207 shares during the quarter. Achmea Investment Management B.V.'s holdings in Halliburton were worth $3,250,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HAL. Sierra Ocean LLC bought a new position in shares of Halliburton in the fourth quarter worth about $36,000. Modus Advisors LLC acquired a new stake in shares of Halliburton in the fourth quarter valued at approximately $38,000. Continuum Advisory LLC raised its position in Halliburton by 101.2% in the 3rd 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 lifted its holdings in Halliburton by 34.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company's stock worth $47,000 after buying an additional 412 shares in the last quarter. Finally, Brown Brothers Harriman & Co. boosted its position in Halliburton by 28.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company's stock valued at $51,000 after buying an additional 393 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HAL. Wells Fargo & Company cut their price target on Halliburton from $39.00 to $34.00 and set an "overweight" rating on the stock in a research note on Tuesday, December 17th. 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 target price on the stock. Jefferies Financial Group lowered their price target on shares of Halliburton from $43.00 to $41.00 and set a "buy" rating for the company in a research report on Friday, January 3rd. Barclays cut their price objective on shares of Halliburton from $32.00 to $30.00 and set an "equal weight" rating on the stock in a report on Thursday, January 23rd. Finally, Benchmark dropped their target price 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. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $37.42.

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Halliburton Stock Up 0.2 %

Shares of HAL stock traded up $0.04 on Wednesday, hitting $25.04. 9,792,028 shares of the stock were exchanged, compared to its average volume of 8,547,190. The company has a current ratio of 2.05, a quick ratio of 1.54 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $21.74 billion, a P/E ratio of 8.85, a price-to-earnings-growth ratio of 3.79 and a beta of 1.84. Halliburton has a fifty-two week low of $23.42 and a fifty-two week high of $41.56. The business has a 50-day moving average of $26.45 and a 200 day moving average of $28.16.

Halliburton Dividend Announcement

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 dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.72%. The ex-dividend date of this dividend is Wednesday, March 5th. Halliburton's payout ratio is 24.03%.

Insider Activity

In other Halliburton news, Director Margaret Katherine Banks sold 3,900 shares of the stock in a transaction 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 owns 10,551 shares in the company, valued at $253,646.04. This trade represents a 26.99 % 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, CFO Eric Carre sold 141,206 shares of the business's stock in a transaction dated 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 transaction, the chief financial officer now owns 127,101 shares in the company, valued at $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 sold 206,782 shares of company stock worth $5,321,170 in the last quarter. Corporate insiders own 0.61% of the company's stock.

About Halliburton

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.