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KLCM Advisors Inc. Sells 31,650 Shares of Halliburton (NYSE:HAL)

Halliburton logo with Oils/Energy background

KLCM Advisors Inc. reduced its holdings in shares of Halliburton (NYSE:HAL - Free Report) by 6.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 453,744 shares of the oilfield services company's stock after selling 31,650 shares during the period. Halliburton comprises about 1.4% of KLCM Advisors Inc.'s investment portfolio, making the stock its 22nd biggest position. KLCM Advisors Inc. owned 0.05% of Halliburton worth $12,337,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sierra Ocean LLC bought a new stake in shares of Halliburton in the 4th quarter valued at approximately $36,000. J.W. Cole Advisors Inc. acquired a new stake in Halliburton in the 4th quarter valued at $461,000. Strategic Financial Concepts LLC acquired a new stake in Halliburton in the 4th quarter valued at $728,000. Principal Securities Inc. grew its position in Halliburton by 17.0% in the fourth quarter. Principal Securities Inc. now owns 8,422 shares of the oilfield services company's stock valued at $229,000 after acquiring an additional 1,221 shares during the period. Finally, Congress Asset Management Co. acquired a new position in Halliburton during the fourth quarter worth $621,000. Institutional investors own 85.23% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on HAL. Morgan Stanley lowered their target price on shares of Halliburton from $35.00 to $34.00 and set an "overweight" rating on the stock in a report on Monday, November 18th. Susquehanna reduced their price target on shares of Halliburton from $42.00 to $40.00 and set a "positive" rating on the stock in a research report on Friday, November 8th. UBS Group lowered shares of Halliburton from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $36.00 to $34.00 in a report on Monday, December 9th. Royal Bank of Canada reissued a "sector perform" rating and issued a $34.00 target price on shares of Halliburton in a report on Thursday, January 23rd. Finally, Piper Sandler began coverage on Halliburton in a report on Thursday, December 19th. They set an "overweight" rating and a $36.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $37.42.

View Our Latest Report on HAL

Insider Transactions at Halliburton

In other news, CFO Eric Carre sold 141,206 shares of Halliburton stock in a transaction on 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 transaction, the chief financial officer now directly owns 127,101 shares of the company's stock, valued at $3,321,149.13. This trade represents a 52.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.61% of the company's stock.

Halliburton Trading Up 1.0 %

Shares of HAL traded up $0.28 on Thursday, reaching $27.02. 8,288,777 shares of the company's stock were exchanged, compared to its average volume of 10,753,380. The business has a 50 day moving average price of $27.15 and a two-hundred day moving average price of $28.97. Halliburton has a 12 month low of $25.16 and a 12 month high of $41.56. The stock has a market capitalization of $23.45 billion, a P/E ratio of 9.55, a price-to-earnings-growth ratio of 3.76 and a beta of 1.89. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend is Wednesday, March 5th. Halliburton's dividend payout ratio (DPR) is currently 24.03%.

Halliburton Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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