Tejara Capital Ltd Has $908,000 Position in Halliburton (NYSE:HAL)

Tejara Capital Ltd reduced its holdings in shares of Halliburton (NYSE:HAL - Free Report) by 66.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 33,400 shares of the oilfield services company's stock after selling 67,089 shares during the period. Tejara Capital Ltd's holdings in Halliburton were worth $908,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. MidWestOne Financial Group Inc. boosted its position in Halliburton by 4.4% in the third quarter. MidWestOne Financial Group Inc. now owns 8,610 shares of the oilfield services company's stock valued at $250,000 after buying an additional 359 shares in the last quarter. Public Sector Pension Investment Board boosted its position in Halliburton by 0.3% in the third quarter. Public Sector Pension Investment Board now owns 154,210 shares of the oilfield services company's stock valued at $4,480,000 after buying an additional 390 shares in the last quarter. Brown Brothers Harriman & Co. boosted its position in Halliburton by 28.8% in the third quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company's stock valued at $51,000 after buying an additional 393 shares in the last quarter. HBW Advisory Services LLC boosted its position in Halliburton by 3.9% in the fourth quarter. HBW Advisory Services LLC now owns 10,504 shares of the oilfield services company's stock valued at $286,000 after buying an additional 397 shares in the last quarter. Finally, Blume Capital Management Inc. boosted its position in Halliburton by 33.3% in the fourth quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company's stock valued at $44,000 after buying an additional 400 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Insider Activity

In related news, Director Margaret Katherine Banks sold 3,900 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $24.04, for a total transaction of $93,756.00. Following the completion of the transaction, the director now owns 10,551 shares in the company, valued at approximately $253,646.04. This represents a 26.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Eric Carre sold 51,179 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $25.00, for a total transaction of $1,279,475.00. Following the transaction, the chief financial officer now owns 127,101 shares of the company's stock, valued at $3,177,525. The trade was 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 quarter. 0.61% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on HAL shares. Evercore ISI reduced their price target on shares of Halliburton from $43.00 to $35.00 and set an "outperform" rating on the stock in a research report on Wednesday, January 15th. JPMorgan Chase & Co. reduced their target price 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. Stifel Nicolaus reduced their target price 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. Raymond James lowered shares of Halliburton from a "strong-buy" rating to a "market perform" rating in a research report on Monday, January 6th. Finally, Wells Fargo & Company reduced their target price 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. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $37.42.

Halliburton Trading Down 1.0 %

NYSE:HAL traded down $0.24 during trading hours on Friday, hitting $24.75. The stock had a trading volume of 56,966,351 shares, compared to its average volume of 8,789,522. Halliburton has a one year low of $23.42 and a one year 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. The company has a market cap of $21.48 billion, a price-to-earnings ratio of 8.74, a P/E/G ratio of 3.79 and a beta of 1.84. The business's 50 day moving average is $26.32 and its 200-day moving average is $28.08.

Halliburton Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.75%. The ex-dividend date is Wednesday, March 5th. 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.