Halliburton (NYSE:HAL) Shares Sold by Cerity Partners LLC

Cerity Partners LLC reduced its stake in Halliburton (NYSE:HAL - Free Report) by 20.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 361,470 shares of the oilfield services company's stock after selling 92,179 shares during the quarter. Cerity Partners LLC's holdings in Halliburton were worth $10,231,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. HBW Advisory Services LLC raised its stake in shares of Halliburton by 3.9% in the fourth 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. grew its position in Halliburton by 33.3% during the 4th quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company's stock worth $44,000 after purchasing an additional 400 shares during the period. Wilmington Savings Fund Society FSB lifted its holdings in Halliburton by 3.7% in 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 acquiring an additional 453 shares during the period. UMB Bank n.a. boosted its holdings in 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 in the last quarter. Finally, Nikko Asset Management Americas Inc. grew its position in shares of Halliburton by 1.2% during the 4th quarter. Nikko Asset Management Americas Inc. now owns 42,683 shares of the oilfield services company's stock valued at $1,161,000 after acquiring an additional 505 shares during the period. 85.23% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity

In related news, Director Margaret Katherine Banks sold 3,900 shares of Halliburton stock in a transaction that occurred 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 transaction, the director now owns 10,551 shares in the company, valued at $253,646.04. The trade was a 26.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Eric Carre sold 141,206 shares of Halliburton 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 sale, the chief financial officer now directly owns 127,101 shares of the company's stock, valued at $3,321,149.13. This trade represents a 52.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 206,782 shares of company stock worth $5,321,170. Corporate insiders own 0.61% of the company's stock.

Halliburton Stock Up 1.0 %

Shares of HAL stock traded up $0.21 during trading on Tuesday, reaching $21.46. The company's stock had a trading volume of 2,162,104 shares, compared to its average volume of 9,590,950. Halliburton has a 1-year low of $18.72 and a 1-year high of $40.17. The stock's 50-day moving average price is $24.57 and its 200 day moving average price is $27.31. The company has a market capitalization of $18.49 billion, a price-to-earnings ratio of 7.58, a P/E/G ratio of 3.79 and a beta of 1.45. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders 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 dividend yield of 3.17%. The ex-dividend date of this dividend was Wednesday, March 5th. Halliburton's dividend payout ratio is currently 24.03%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on HAL. Susquehanna reduced their price objective on shares of Halliburton from $35.00 to $32.00 and set a "positive" rating for the company in a research report on Monday. Evercore ISI cut their price objective on shares of Halliburton from $43.00 to $35.00 and set an "outperform" rating for the company in a report on Wednesday, January 15th. Benchmark lowered their target price on Halliburton from $40.00 to $35.00 and set a "buy" rating on the stock in a report on Thursday, January 23rd. Griffin Securities downgraded Halliburton from a "buy" rating to a "neutral" rating in a research report on Friday, December 20th. Finally, Royal Bank of Canada restated a "sector perform" rating and issued a $34.00 target price on shares of Halliburton in a report on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $36.95.

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.