Halliburton (NYSE:HAL) Shares Sold by Prudential PLC

Prudential PLC reduced its stake in shares of Halliburton (NYSE:HAL - Free Report) by 12.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 384,079 shares of the oilfield services company's stock after selling 54,229 shares during the quarter. Prudential PLC's holdings in Halliburton were worth $10,443,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Mediolanum International Funds Ltd increased its holdings in Halliburton by 48.2% during the 4th quarter. Mediolanum International Funds Ltd now owns 71,797 shares of the oilfield services company's stock valued at $1,931,000 after acquiring an additional 23,340 shares in the last quarter. Sei Investments Co. grew its position in shares of Halliburton by 18.2% in the fourth quarter. Sei Investments Co. now owns 278,934 shares of the oilfield services company's stock valued at $7,584,000 after purchasing an additional 42,876 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in Halliburton by 3.7% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,257,250 shares of the oilfield services company's stock valued at $61,375,000 after buying an additional 80,567 shares in the last quarter. Congress Asset Management Co. purchased a new stake in shares of Halliburton in the fourth quarter valued at $621,000. Finally, Massachusetts Wealth Management boosted its stake in shares of Halliburton by 180.9% during the 4th quarter. Massachusetts Wealth Management now owns 43,675 shares of the oilfield services company's stock worth $1,188,000 after purchasing an additional 28,125 shares during the last quarter. 85.23% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling at Halliburton

In other news, VP Timothy Mckeon sold 10,497 shares of the firm's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $24.60, for a total value of $258,226.20. Following the transaction, the vice president now directly owns 77,784 shares in the company, valued at approximately $1,913,486.40. This trade represents a 11.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Eric Carre sold 141,206 shares of the business's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $26.13, for a total transaction of $3,689,712.78. Following the sale, the chief financial officer now directly owns 127,101 shares of the company's stock, valued at approximately $3,321,149.13. This represents a 52.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 206,782 shares of company stock worth $5,321,170 in the last ninety days. 0.61% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Evercore ISI dropped their target price on Halliburton from $43.00 to $35.00 and set an "outperform" rating for the company in a research note on Wednesday, January 15th. Griffin Securities lowered shares of Halliburton from a "buy" rating to a "neutral" rating in a report on Friday, December 20th. Jefferies Financial Group lowered their target price 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. Benchmark cut their price target on shares of Halliburton from $40.00 to $35.00 and set a "buy" rating on the stock in a research note on Thursday, January 23rd. Finally, Stifel Nicolaus lowered their price objective on shares of Halliburton from $42.00 to $37.00 and set a "buy" rating for the company in a research note on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat, Halliburton has a consensus rating of "Moderate Buy" and an average price target of $37.37.

Halliburton Stock Up 0.1 %

Shares of HAL stock traded up $0.02 on Tuesday, hitting $20.01. The stock had a trading volume of 4,992,456 shares, compared to its average volume of 9,396,017. The stock's 50 day moving average is $25.34 and its 200-day moving average is $27.71. The firm has a market capitalization of $17.37 billion, a price-to-earnings ratio of 7.07, a P/E/G ratio of 3.79 and a beta of 1.45. Halliburton has a 52-week low of $18.72 and a 52-week high of $41.56. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05.

Halliburton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were paid a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.40%. Halliburton's dividend payout ratio (DPR) is presently 24.03%.

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.