Wellington Management Group LLP Sells 239,180 Shares of Halliburton (NYSE:HAL)

Wellington Management Group LLP lessened its holdings in shares of Halliburton (NYSE:HAL - Free Report) by 4.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,489,494 shares of the oilfield services company's stock after selling 239,180 shares during the quarter. Wellington Management Group LLP owned approximately 0.63% of Halliburton worth $149,259,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its holdings in shares of Halliburton by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 20,630,361 shares of the oilfield services company's stock worth $597,234,000 after acquiring an additional 172,505 shares during the period. Pacer Advisors Inc. grew its stake in Halliburton by 10.4% in the fourth quarter. Pacer Advisors Inc. now owns 18,530,937 shares of the oilfield services company's stock worth $503,856,000 after purchasing an additional 1,748,763 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in Halliburton by 15.6% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 16,093,680 shares of the oilfield services company's stock worth $437,587,000 after purchasing an additional 2,171,722 shares in the last quarter. Amundi raised its holdings in Halliburton by 22.2% in the fourth quarter. Amundi now owns 13,068,025 shares of the oilfield services company's stock worth $353,242,000 after purchasing an additional 2,378,043 shares in the last quarter. Finally, Norges Bank purchased a new position in Halliburton during the fourth quarter valued at $299,986,000. Hedge funds and other institutional investors own 85.23% of the company's stock.

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Insider Buying and Selling

In other Halliburton news, CFO Eric Carre sold 141,206 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were 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 in the company, valued at approximately $3,321,149.13. This trade represents a 52.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Margaret Katherine Banks sold 3,900 shares of the business's 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 sale, the director now directly owns 10,551 shares of the company's stock, valued at approximately $253,646.04. The trade was a 26.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 206,782 shares of company stock valued at $5,321,170 over the last 90 days. Company insiders own 0.61% of the company's stock.

Halliburton Stock Performance

Halliburton stock traded down $2.47 during midday trading on Friday, reaching $19.93. 21,908,588 shares of the company traded hands, compared to its average volume of 9,374,500. Halliburton has a 12 month low of $19.59 and a 12 month high of $41.56. 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 business has a 50 day moving average of $25.49 and a two-hundred day moving average of $27.78. The firm has a market capitalization of $17.30 billion, a price-to-earnings ratio of 7.04, a price-to-earnings-growth ratio of 3.79 and a beta of 1.45.

Halliburton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders 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 3.41%. Halliburton's dividend payout ratio (DPR) is currently 24.03%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on HAL. Evercore ISI decreased their price target on shares of Halliburton from $43.00 to $35.00 and set an "outperform" rating for the company in a research note on Wednesday, January 15th. Barclays decreased their target price on shares of Halliburton from $30.00 to $29.00 and set an "equal weight" rating for the company in a research note on Monday, March 31st. Raymond James cut Halliburton from a "strong-buy" rating to a "market perform" rating in a research report on Monday, January 6th. UBS Group lowered Halliburton from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $36.00 to $34.00 in a research report on Monday, December 9th. Finally, Griffin Securities downgraded Halliburton from a "buy" rating to a "neutral" rating in a report on Friday, December 20th. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, Halliburton currently has an average rating of "Moderate Buy" and an average target price of $37.37.

About Halliburton

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.