Halliburton (NYSE:HAL) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. lessened its holdings in shares of Halliburton (NYSE:HAL - Free Report) by 5.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 208,036 shares of the oilfield services company's stock after selling 11,152 shares during the quarter. Corebridge Financial Inc.'s holdings in Halliburton were worth $5,656,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of HAL. Horrell Capital Management Inc. bought a new stake in shares of Halliburton in the fourth quarter worth $33,000. LPL Financial LLC grew its holdings in Halliburton by 36.1% during the 4th quarter. LPL Financial LLC now owns 641,066 shares of the oilfield services company's stock worth $17,431,000 after acquiring an additional 170,053 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in Halliburton during the 4th quarter worth $897,000. KLP Kapitalforvaltning AS bought a new stake in shares of Halliburton in the 4th quarter worth about $9,531,000. Finally, Sei Investments Co. raised its stake in shares of Halliburton by 18.2% in the 4th quarter. Sei Investments Co. now owns 278,934 shares of the oilfield services company's stock valued at $7,584,000 after purchasing an additional 42,876 shares in the last quarter. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Halliburton Stock Performance

HAL stock traded down $3.35 during trading on Thursday, reaching $22.36. 20,875,196 shares of the company's stock were exchanged, compared to its average volume of 9,291,696. Halliburton has a 1-year low of $22.35 and a 1-year high of $41.56. The firm has a market cap of $19.41 billion, a PE ratio of 7.90, a P/E/G ratio of 3.79 and a beta of 1.45. The company's fifty day moving average price is $25.64 and its 200-day moving average price is $27.86. The company has a quick ratio of 1.54, a current ratio of 2.05 and a debt-to-equity ratio of 0.68.

Halliburton Announces Dividend

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 was Wednesday, March 5th. This represents a $0.68 dividend on an annualized basis and a yield of 3.04%. Halliburton's dividend payout ratio is presently 24.03%.

Insider Buying and Selling at Halliburton

In related news, Director Margaret Katherine Banks sold 3,900 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $24.04, for a total transaction of $93,756.00. Following the completion of the transaction, the director now owns 10,551 shares of the company's stock, valued at $253,646.04. This trade represents a 26.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 completion of the sale, the chief financial officer now owns 127,101 shares in the company, valued at approximately $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. 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.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. 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 lowered their price target on Halliburton from $39.00 to $34.00 and set an "overweight" rating for the company in a report on Tuesday, December 17th. Piper Sandler began coverage on Halliburton in a research report on Thursday, December 19th. They set an "overweight" rating and a $36.00 price target on the stock. Benchmark decreased their price objective on shares of Halliburton from $40.00 to $35.00 and set a "buy" rating for the company in a report on Thursday, January 23rd. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $34.00 target price on shares of Halliburton in a report on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average 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.