Zurcher Kantonalbank Zurich Cantonalbank Sells 64,145 Shares of Halliburton (NYSE:HAL)

Zurcher Kantonalbank Zurich Cantonalbank decreased its holdings in Halliburton (NYSE:HAL - Free Report) by 16.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 331,627 shares of the oilfield services company's stock after selling 64,145 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Halliburton were worth $9,017,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Sowell Financial Services LLC bought a new stake in shares of Halliburton during the fourth quarter valued at approximately $619,000. OFI Invest Asset Management bought a new position in Halliburton in the 4th quarter valued at $32,683,000. Amundi boosted its position in Halliburton by 22.2% in the 4th quarter. Amundi now owns 13,068,025 shares of the oilfield services company's stock valued at $353,242,000 after buying an additional 2,378,043 shares during the last quarter. Larson Financial Group LLC raised its position in shares of Halliburton by 30.8% during the fourth quarter. Larson Financial Group LLC now owns 80,661 shares of the oilfield services company's stock worth $2,193,000 after acquiring an additional 18,975 shares during the last quarter. Finally, AMF Tjanstepension AB raised its position in shares of Halliburton by 75.4% during the fourth quarter. AMF Tjanstepension AB now owns 649,087 shares of the oilfield services company's stock worth $17,658,000 after acquiring an additional 278,963 shares during the last quarter. Institutional investors own 85.23% of the company's stock.

Halliburton Stock Up 0.6 %

HAL traded up $0.16 during trading on Monday, hitting $25.23. The company had a trading volume of 8,334,487 shares, compared to its average volume of 8,517,464. The firm's 50-day moving average price is $26.55 and its 200 day moving average price is $28.25. The company has a market capitalization of $21.90 billion, a PE ratio of 8.91, a PEG ratio of 3.79 and a beta of 1.84. 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 has a one year low of $23.42 and a one year high of $41.56.

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Halliburton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.68 annualized dividend and a dividend yield of 2.70%. Halliburton's dividend payout ratio is currently 24.03%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HAL. Griffin Securities lowered Halliburton from a "buy" rating to a "neutral" rating in a research report on Friday, December 20th. Jefferies Financial Group lowered their price target on shares of Halliburton from $43.00 to $41.00 and set a "buy" rating for the company in a research report on Friday, January 3rd. Barclays cut their price objective on shares of Halliburton from $32.00 to $30.00 and set an "equal weight" rating on the stock in a report on Thursday, January 23rd. Royal Bank of Canada reiterated a "sector perform" rating and set a $34.00 target price on shares of Halliburton in a research report on Thursday, January 23rd. Finally, Evercore ISI reduced their price target on Halliburton from $43.00 to $35.00 and set an "outperform" rating on the stock in a research report on Wednesday, January 15th. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $37.42.

Insider Buying and Selling

In other news, VP Timothy Mckeon sold 10,497 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $24.60, for a total transaction of $258,226.20. Following the completion of the transaction, the vice president now directly owns 77,784 shares of the company's stock, valued at $1,913,486.40. This trade represents a 11.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction of $93,756.00. Following the completion of the sale, the director now directly owns 10,551 shares in the company, valued at approximately $253,646.04. This represents a 26.99 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 206,782 shares of company stock worth $5,321,170. 0.61% of the stock is owned by corporate insiders.

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.