Halliburton (NYSE:HAL) Stock Position Decreased by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG lowered its position in shares of Halliburton (NYSE:HAL - Free Report) by 9.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 195,919 shares of the oilfield services company's stock after selling 19,333 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Halliburton were worth $5,323,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. D.A. Davidson & CO. boosted its holdings in Halliburton by 5.0% in the third quarter. D.A. Davidson & CO. now owns 26,643 shares of the oilfield services company's stock valued at $774,000 after purchasing an additional 1,274 shares during the last quarter. Townsquare Capital LLC boosted its stake in shares of Halliburton by 10.1% during the 3rd quarter. Townsquare Capital LLC now owns 28,350 shares of the oilfield services company's stock valued at $824,000 after buying an additional 2,610 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Halliburton during the third quarter worth approximately $1,461,000. Public Sector Pension Investment Board grew its position in shares of Halliburton by 0.3% during the third quarter. Public Sector Pension Investment Board now owns 154,210 shares of the oilfield services company's stock worth $4,480,000 after buying an additional 390 shares in the last quarter. Finally, Hantz Financial Services Inc. acquired a new stake in Halliburton in the third quarter valued at $195,000. 85.23% of the stock is owned by institutional investors and hedge funds.

Halliburton Stock Performance

HAL stock traded down $2.47 on Friday, reaching $19.93. The company's stock had a trading volume of 21,908,588 shares, compared to its average volume of 9,374,500. The firm has a fifty day moving average of $25.49 and a two-hundred day moving average of $27.79. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 1.54. The company has a market capitalization of $17.30 billion, a P/E ratio of 7.04, a price-to-earnings-growth ratio of 3.79 and a beta of 1.45. Halliburton has a 52 week low of $19.59 and a 52 week high of $41.56.

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Halliburton Dividend Announcement

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 of this dividend was Wednesday, March 5th. This represents a $0.68 dividend on an annualized basis and a yield of 3.41%. Halliburton's dividend payout ratio is presently 24.03%.

Insider Buying and Selling at Halliburton

In other news, CFO Eric Carre sold 141,206 shares of the business's stock in a transaction on 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 sale, the chief financial officer now owns 127,101 shares of the company's stock, valued at approximately $3,321,149.13. The trade was a 52.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Margaret Katherine Banks sold 3,900 shares of the business's stock in a transaction on Tuesday, March 4th. The stock was 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 directly owns 10,551 shares in the company, valued at $253,646.04. This represents a 26.99 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 206,782 shares of company stock valued at $5,321,170. Company insiders own 0.61% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on HAL. Evercore ISI dropped their target price 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. Piper Sandler initiated 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 decreased their target price on Halliburton from $30.00 to $29.00 and set an "equal weight" rating for the company in a research report on Monday, March 31st. Royal Bank of Canada reissued a "sector perform" rating and set a $34.00 price target on shares of Halliburton in a research report on Thursday, January 23rd. Finally, Stifel Nicolaus decreased their price objective on shares of Halliburton from $42.00 to $37.00 and set a "buy" rating for the company in a 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 company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target 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.