Boston Partners Sells 2,867,328 Shares of Halliburton (NYSE:HAL)

Boston Partners cut its holdings in Halliburton (NYSE:HAL - Free Report) by 30.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,488,361 shares of the oilfield services company's stock after selling 2,867,328 shares during the quarter. Boston Partners owned about 0.74% of Halliburton worth $176,448,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of HAL. Sierra Ocean LLC purchased a new stake in shares of Halliburton in the fourth quarter valued at about $36,000. Modus Advisors LLC purchased a new position in shares of Halliburton during the fourth quarter valued at approximately $38,000. Continuum Advisory LLC raised its stake in Halliburton by 101.2% during the third quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company's stock worth $42,000 after purchasing an additional 698 shares during the period. Blume Capital Management Inc. raised its stake in Halliburton by 33.3% during the fourth quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company's stock worth $44,000 after purchasing an additional 400 shares during the period. Finally, Brown Brothers Harriman & Co. raised its stake in shares of 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 acquiring an additional 393 shares during the period. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HAL has been the subject of a number of recent analyst reports. 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 report on Friday, January 3rd. Wells Fargo & Company cut their price objective on shares of Halliburton from $39.00 to $34.00 and set an "overweight" rating on the stock in a research report on Tuesday, December 17th. JPMorgan Chase & Co. dropped their price target on shares of Halliburton from $35.00 to $33.00 and set an "overweight" rating on the stock in a research report on Thursday, January 2nd. Raymond James downgraded shares of Halliburton from a "strong-buy" rating to a "market perform" rating in a research report on Monday, January 6th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $34.00 price objective on shares of Halliburton in a research note 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's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $37.42.

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Halliburton Stock Down 1.0 %

HAL traded down $0.24 on Friday, reaching $24.75. 56,966,351 shares of the company traded hands, compared to its average volume of 8,804,694. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 1.54. The company has a market cap of $21.48 billion, a price-to-earnings ratio of 8.74, a PEG ratio of 3.79 and a beta of 1.84. The stock's 50 day moving average price is $26.32 and its 200-day moving average price is $28.06. Halliburton has a 52-week low of $23.42 and a 52-week high of $41.56.

Halliburton Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend is Wednesday, March 5th. Halliburton's dividend payout ratio (DPR) is presently 24.03%.

Insider Buying and Selling at Halliburton

In related news, VP Timothy Mckeon sold 10,497 shares of the business's stock in a transaction 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 transaction, the vice president now 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Eric Carre sold 51,179 shares of the business's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $25.00, for a total transaction of $1,279,475.00. Following the completion of the sale, the chief financial officer now directly owns 127,101 shares in the company, valued at $3,177,525. This trade represents a 28.71 % 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 over the last ninety days. 0.61% of the stock is currently 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.