Huber Capital Management LLC Sells 11,000 Shares of Halliburton (NYSE:HAL)

Huber Capital Management LLC decreased its position in Halliburton (NYSE:HAL - Free Report) by 34.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 20,900 shares of the oilfield services company's stock after selling 11,000 shares during the period. Huber Capital Management LLC's holdings in Halliburton were worth $568,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Horrell Capital Management Inc. purchased a new stake in shares of Halliburton in the 4th quarter worth about $33,000. Sierra Ocean LLC purchased a new stake in Halliburton in the fourth quarter worth about $36,000. Modus Advisors LLC bought a new stake in Halliburton during the 4th quarter valued at approximately $38,000. Continuum Advisory LLC grew its holdings in shares of Halliburton by 101.2% during the 3rd quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company's stock worth $42,000 after acquiring an additional 698 shares during the period. Finally, Blume Capital Management Inc. lifted its stake in shares of Halliburton by 33.3% in the 4th quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company's stock valued at $44,000 after purchasing an additional 400 shares during the period. 85.23% of the stock is owned by hedge funds and other institutional investors.

Halliburton Trading Down 11.0 %

HAL stock traded down $2.47 during mid-day trading on Friday, reaching $19.93. 21,908,588 shares of the stock traded hands, compared to its average volume of 9,341,844. 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 has a one year low of $19.60 and a one year high of $41.56. The stock has a market capitalization of $17.30 billion, a PE ratio of 7.04, a PEG ratio of 3.79 and a beta of 1.45. The business has a 50-day moving average price of $25.64 and a two-hundred day moving average price of $27.86.

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Halliburton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were issued a $0.17 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.68 annualized dividend and a dividend yield of 3.41%. Halliburton's payout ratio is 24.03%.

Insider Buying and Selling

In other news, CFO Eric Carre sold 141,206 shares of the firm's stock in a transaction that occurred 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 approximately $3,321,149.13. This trade represents a 52.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Timothy Mckeon sold 10,497 shares of the business's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $24.60, for a total value of $258,226.20. Following the completion of the sale, the vice president now owns 77,784 shares of the company's stock, valued at $1,913,486.40. The trade was a 11.89 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 206,782 shares of company stock valued at $5,321,170. Insiders own 0.61% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on HAL shares. Griffin Securities downgraded Halliburton from a "buy" rating to a "neutral" rating in a research note on Friday, December 20th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $34.00 price objective on shares of Halliburton in a report on Thursday, January 23rd. Raymond James lowered shares of Halliburton from a "strong-buy" rating to a "market perform" rating in a research note on Monday, January 6th. Piper Sandler initiated coverage on Halliburton in a report on Thursday, December 19th. They set an "overweight" rating and a $36.00 price target on the stock. Finally, Stifel Nicolaus reduced their price objective on Halliburton from $42.00 to $37.00 and set a "buy" rating for the company in a research report 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. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target 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.