Commonwealth Equity Services LLC Boosts Stock Position in Halliburton (NYSE:HAL)

Commonwealth Equity Services LLC increased its holdings in shares of Halliburton (NYSE:HAL - Free Report) by 8.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 166,130 shares of the oilfield services company's stock after purchasing an additional 13,537 shares during the quarter. Commonwealth Equity Services LLC's holdings in Halliburton were worth $4,517,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of HAL. Sierra Ocean LLC bought a new stake in shares of Halliburton in the fourth quarter worth $36,000. Modus Advisors LLC bought a new position in shares of Halliburton in the fourth quarter valued at $38,000. Continuum Advisory LLC grew its position in shares of Halliburton by 101.2% in the 3rd quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company's stock valued at $42,000 after acquiring an additional 698 shares during the period. Brown Brothers Harriman & Co. lifted its stake 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 valued at $51,000 after purchasing an additional 393 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. bought a new stake in Halliburton in the fourth quarter valued at approximately $52,000. Institutional investors own 85.23% of the company's stock.

Insider Buying and Selling at Halliburton

In other Halliburton news, CFO Eric Carre sold 141,206 shares of Halliburton stock in a transaction that occurred 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 transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Timothy Mckeon sold 10,497 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $24.60, for a total value of $258,226.20. Following the sale, the vice president now directly owns 77,784 shares of the company's stock, valued at approximately $1,913,486.40. This trade represents a 11.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 206,782 shares of company stock worth $5,321,170 over the last three months. Company insiders own 0.61% of the company's stock.

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Halliburton Price Performance

Shares of HAL stock traded up $0.06 during trading hours on Tuesday, hitting $25.66. 4,059,075 shares of the company's stock were exchanged, compared to its average volume of 11,832,879. The company has a market capitalization of $22.27 billion, a PE ratio of 9.07, a PEG ratio of 3.79 and a beta of 1.84. The company has a current ratio of 2.05, a quick ratio of 1.54 and a debt-to-equity ratio of 0.68. Halliburton has a 12-month low of $23.42 and a 12-month high of $41.56. The business's 50 day simple moving average is $26.28 and its 200-day simple moving average is $28.03.

Halliburton Dividend Announcement

The firm 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 $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.65%. The ex-dividend date is Wednesday, March 5th. Halliburton's dividend payout ratio is presently 24.03%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Royal Bank of Canada restated a "sector perform" rating and set a $34.00 target price on shares of Halliburton in a research note on Thursday, January 23rd. JPMorgan Chase & Co. reduced their price objective on Halliburton from $35.00 to $33.00 and set an "overweight" rating for the company in a report on Thursday, January 2nd. Evercore ISI dropped their price target on Halliburton from $43.00 to $35.00 and set an "outperform" rating for the company in a report on Wednesday, January 15th. 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 research report on Thursday, January 23rd. Finally, Wells Fargo & Company dropped their price target on shares of Halliburton from $39.00 to $34.00 and set an "overweight" rating for the company in a research report on Tuesday, December 17th. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, Halliburton has an average rating of "Moderate Buy" and a consensus target price of $37.42.

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.