Gabelli Funds LLC Trims Holdings in Halliburton (NYSE:HAL)

Gabelli Funds LLC lowered its position in Halliburton (NYSE:HAL - Free Report) by 7.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,247,656 shares of the oilfield services company's stock after selling 96,935 shares during the period. Gabelli Funds LLC owned about 0.14% of Halliburton worth $33,924,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in HAL. MML Investors Services LLC boosted its holdings in shares of Halliburton by 3.5% in the 3rd quarter. MML Investors Services LLC now owns 40,505 shares of the oilfield services company's stock worth $1,177,000 after buying an additional 1,369 shares during the last quarter. Advisory Resource Group raised its holdings in shares of Halliburton by 32.8% in the 3rd quarter. Advisory Resource Group now owns 162,758 shares of the oilfield services company's stock worth $4,728,000 after purchasing an additional 40,182 shares during the period. Sanctuary Advisors LLC raised its holdings in shares of Halliburton by 7.4% in the 3rd quarter. Sanctuary Advisors LLC now owns 71,788 shares of the oilfield services company's stock worth $2,293,000 after purchasing an additional 4,970 shares during the period. World Investment Advisors LLC lifted its position in shares of Halliburton by 49.5% during the 3rd quarter. World Investment Advisors LLC now owns 9,161 shares of the oilfield services company's stock valued at $266,000 after buying an additional 3,032 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in Halliburton during the third quarter worth about $358,000. 85.23% of the stock is owned by institutional investors.

Halliburton Trading Up 5.0 %

Shares of HAL traded up $1.08 during trading hours on Friday, hitting $22.51. The company had a trading volume of 18,169,343 shares, compared to its average volume of 9,715,178. Halliburton has a 52-week low of $18.72 and a 52-week high of $39.37. The company has a quick ratio of 1.54, a current ratio of 2.05 and a debt-to-equity ratio of 0.68. The stock's 50 day moving average price is $24.26 and its 200 day moving average price is $27.13. The firm has a market cap of $19.40 billion, a P/E ratio of 7.95, a P/E/G ratio of 3.79 and a beta of 1.45.

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 paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date was Wednesday, March 5th. Halliburton's dividend payout ratio (DPR) is presently 24.03%.

Analyst Ratings Changes

A number of research firms recently issued reports on HAL. Royal Bank of Canada reiterated a "sector perform" rating and set a $34.00 price objective on shares of Halliburton in a research note on Thursday, January 23rd. Stifel Nicolaus lowered their price target on shares of Halliburton from $42.00 to $37.00 and set a "buy" rating on the stock in a report on Thursday, January 23rd. Barclays reduced their price objective on shares of Halliburton from $30.00 to $29.00 and set an "equal weight" rating for the company in a research note on Monday, March 31st. Evercore ISI cut their price target 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. Finally, Griffin Securities cut shares of Halliburton from a "buy" rating to a "neutral" rating in a report on Friday, December 20th. Seven 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 an average rating of "Moderate Buy" and an average price target of $36.95.

Insider Activity at Halliburton

In other news, VP Timothy Mckeon sold 10,497 shares of the business's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $24.60, for a total transaction of $258,226.20. Following the transaction, the vice president now directly owns 77,784 shares of the company's stock, valued at approximately $1,913,486.40. The trade was a 11.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Eric Carre sold 141,206 shares of the firm'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 completion of the sale, the chief financial officer now directly owns 127,101 shares of the company's stock, valued at $3,321,149.13. The trade was a 52.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 206,782 shares of company stock worth $5,321,170 in the last three months. 0.61% of the stock is owned by insiders.

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.