Advisors Asset Management Inc. Sells 21,684 Shares of Halliburton (NYSE:HAL)

Advisors Asset Management Inc. reduced its holdings in shares of Halliburton (NYSE:HAL - Free Report) by 15.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 116,985 shares of the oilfield services company's stock after selling 21,684 shares during the quarter. Advisors Asset Management Inc.'s holdings in Halliburton were worth $3,181,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Geode Capital Management LLC grew its holdings in Halliburton by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 20,630,361 shares of the oilfield services company's stock worth $597,234,000 after acquiring an additional 172,505 shares in the last quarter. Pacer Advisors Inc. grew its stake in Halliburton by 10.4% in the fourth quarter. Pacer Advisors Inc. now owns 18,530,937 shares of the oilfield services company's stock worth $503,856,000 after purchasing an additional 1,748,763 shares in the last quarter. Amundi increased its holdings in Halliburton by 22.2% in the fourth quarter. Amundi now owns 13,068,025 shares of the oilfield services company's stock valued at $353,242,000 after buying an additional 2,378,043 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Halliburton by 2.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,742,352 shares of the oilfield services company's stock valued at $166,815,000 after buying an additional 115,504 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Halliburton by 3.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,435,299 shares of the oilfield services company's stock worth $147,786,000 after buying an additional 187,150 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company's stock.

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Insider Buying and Selling

In other news, Director Margaret Katherine Banks sold 3,900 shares of the business's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $24.04, for a total transaction of $93,756.00. Following the transaction, the director now owns 10,551 shares in the company, valued at approximately $253,646.04. The trade was a 26.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Eric Carre sold 51,179 shares of the company's stock in a transaction dated 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 transaction, the chief financial officer now directly owns 127,101 shares of the company's stock, valued at $3,177,525. This represents a 28.71 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 206,782 shares of company stock valued at $5,321,170. 0.61% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on HAL. Piper Sandler started coverage on Halliburton in a research note on Thursday, December 19th. They set an "overweight" rating and a $36.00 price objective on the stock. Barclays dropped 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. Stifel Nicolaus cut their target price on Halliburton from $42.00 to $37.00 and set a "buy" rating on the stock in a research note on Thursday, January 23rd. UBS Group lowered shares of Halliburton from a "buy" rating to a "neutral" rating and decreased their target price for the company from $36.00 to $34.00 in a research report on Monday, December 9th. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $34.00 price target on shares of Halliburton in a research report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, Halliburton presently has an average rating of "Moderate Buy" and an average price target of $37.42.

Halliburton Stock Performance

Shares of NYSE HAL traded down $0.02 during trading hours on Wednesday, hitting $25.68. 8,552,867 shares of the company's stock were exchanged, compared to its average volume of 8,840,363. The company's 50-day moving average price is $26.23 and its 200-day moving average price is $28.01. Halliburton has a 1-year low of $23.42 and a 1-year high of $41.56. The stock has a market capitalization of $22.29 billion, a price-to-earnings ratio of 9.07, a PEG ratio of 3.79 and a beta of 1.84. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 1.54.

Halliburton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.68 annualized dividend and a dividend yield of 2.65%. Halliburton's 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.