Ashburton Jersey Ltd Has $2.60 Million Stock Position in Halliburton (NYSE:HAL)

Ashburton Jersey Ltd lessened its holdings in Halliburton (NYSE:HAL - Free Report) by 61.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,779 shares of the oilfield services company's stock after selling 155,567 shares during the quarter. Halliburton makes up about 1.1% of Ashburton Jersey Ltd's investment portfolio, making the stock its 28th largest holding. Ashburton Jersey Ltd's holdings in Halliburton were worth $2,604,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. MidWestOne Financial Group Inc. grew its position in shares of Halliburton by 4.4% during the third quarter. MidWestOne Financial Group Inc. now owns 8,610 shares of the oilfield services company's stock worth $250,000 after acquiring an additional 359 shares during the last quarter. HBW Advisory Services LLC grew its position in Halliburton by 3.9% in the 4th quarter. HBW Advisory Services LLC now owns 10,504 shares of the oilfield services company's stock worth $286,000 after purchasing an additional 397 shares during the last quarter. 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 valued at $44,000 after buying an additional 400 shares during the last quarter. Wilmington Savings Fund Society FSB raised its holdings in shares of Halliburton by 3.7% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 12,776 shares of the oilfield services company's stock valued at $347,000 after buying an additional 453 shares during the last quarter. Finally, UMB Bank n.a. boosted its position in shares of Halliburton by 14.3% during the fourth quarter. UMB Bank n.a. now owns 4,036 shares of the oilfield services company's stock worth $110,000 after buying an additional 505 shares during the period. Institutional investors own 85.23% of the company's stock.

Remove Ads

Insider Buying and Selling at Halliburton

In other Halliburton news, 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 value 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. The trade was a 52.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Timothy Mckeon sold 10,497 shares of the firm's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $24.60, for a total value of $258,226.20. Following the sale, the vice president now directly owns 77,784 shares of the company's stock, valued at $1,913,486.40. This trade represents a 11.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 206,782 shares of company stock worth $5,321,170. 0.61% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on HAL. Raymond James downgraded Halliburton from a "strong-buy" rating to a "market perform" rating in a research note on Monday, January 6th. Wells Fargo & Company cut their price objective on shares of Halliburton from $39.00 to $34.00 and set an "overweight" rating on the stock in a research note on Tuesday, December 17th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $34.00 price target on shares of Halliburton in a research note on Thursday, January 23rd. Griffin Securities downgraded Halliburton from a "buy" rating to a "neutral" rating in a research note on Friday, December 20th. 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 research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat, Halliburton currently has a consensus rating of "Moderate Buy" and an average price target of $37.37.

Halliburton Stock Down 8.7 %

NYSE HAL traded down $1.93 during trading on Thursday, reaching $20.14. 7,201,718 shares of the company's stock were exchanged, compared to its average volume of 9,524,924. The firm has a market capitalization of $17.36 billion, a PE ratio of 7.15, a P/E/G ratio of 3.79 and a beta of 1.45. Halliburton has a fifty-two week low of $18.72 and a fifty-two week high of $41.55. 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 company's fifty day simple moving average is $24.88 and its 200-day simple moving average is $27.49.

Halliburton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of this dividend was Wednesday, March 5th. Halliburton's payout ratio is presently 24.03%.

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.