Halliburton (NYSE:HAL) Shares Sold by Entropy Technologies LP

Entropy Technologies LP cut its holdings in shares of Halliburton (NYSE:HAL - Free Report) by 12.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 109,798 shares of the oilfield services company's stock after selling 15,185 shares during the period. Entropy Technologies LP's holdings in Halliburton were worth $2,985,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Continuum Advisory LLC lifted its position in Halliburton by 101.2% during the 3rd quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company's stock worth $42,000 after acquiring an additional 698 shares during the period. Modus Advisors LLC purchased a new position in shares of Halliburton in the fourth quarter worth about $38,000. ORG Wealth Partners LLC acquired a new stake in shares of Halliburton during the third quarter worth about $44,000. Venturi Wealth Management LLC boosted its position in Halliburton by 34.2% in the third quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company's stock valued at $47,000 after buying an additional 412 shares during the last quarter. Finally, Brown Brothers Harriman & Co. increased its holdings in Halliburton by 28.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company's stock worth $51,000 after buying an additional 393 shares during the period. Hedge funds and other institutional investors own 85.23% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Evercore ISI dropped their price objective on shares of Halliburton from $43.00 to $35.00 and set an "outperform" rating on the stock in a report on Wednesday, January 15th. UBS Group lowered shares of Halliburton from a "buy" rating to a "neutral" rating and lowered their price target for the company from $36.00 to $34.00 in a report on Monday, December 9th. JPMorgan Chase & Co. cut their price target on Halliburton from $35.00 to $33.00 and set an "overweight" rating on the stock in a research report on Thursday, January 2nd. Susquehanna lowered their target price on Halliburton from $42.00 to $40.00 and set a "positive" rating on the stock in a research note on Friday, November 8th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $34.00 target price on shares of Halliburton in a report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $37.42.

Halliburton Trading Down 1.9 %

HAL stock traded down $0.51 during mid-day trading on Wednesday, hitting $25.98. 7,305,752 shares of the company were exchanged, compared to its average volume of 11,067,494. Halliburton has a 12-month low of $25.16 and a 12-month high of $41.56. The firm has a market capitalization of $22.82 billion, a P/E ratio of 9.18, a PEG ratio of 3.53 and a beta of 1.89. The business has a fifty day simple moving average of $27.52 and a 200-day simple moving average of $29.24. 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 company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.62%. Halliburton's dividend payout ratio (DPR) is 24.03%.

Insider Transactions at Halliburton

In related news, CFO Eric Carre sold 141,206 shares of Halliburton stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $26.13, for a total value of $3,689,712.78. Following the completion of the transaction, the chief financial officer now owns 127,101 shares in the company, valued at approximately $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 accessible through this hyperlink. Company insiders own 0.61% of the company's stock.

Halliburton Company 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.