Halliburton (NYSE:HAL) Shares Sold by Huber Capital Management LLC

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

A number of other large investors also recently added to or reduced their stakes in HAL. Pitcairn Co. raised its position in shares of Halliburton by 3.6% during the 4th quarter. Pitcairn Co. now owns 17,835 shares of the oilfield services company's stock worth $485,000 after purchasing an additional 617 shares during the last quarter. Bryce Point Capital LLC purchased a new position in shares of Halliburton in the fourth quarter valued at approximately $582,000. Geode Capital Management LLC boosted its stake in shares of Halliburton by 4.4% in the fourth quarter. Geode Capital Management LLC now owns 21,538,632 shares of the oilfield services company's stock worth $584,139,000 after acquiring an additional 908,271 shares during the last quarter. StoneX Group Inc. raised its stake in Halliburton by 21.8% in the 4th quarter. StoneX Group Inc. now owns 36,709 shares of the oilfield services company's stock valued at $998,000 after purchasing an additional 6,568 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its stake in Halliburton by 1.7% during the 4th quarter. Alliancebernstein L.P. now owns 1,124,538 shares of the oilfield services company's stock worth $30,576,000 after purchasing an additional 18,787 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Halliburton

In other Halliburton news, VP Timothy Mckeon sold 10,497 shares of Halliburton stock in a transaction 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 transaction, the vice president now directly owns 77,784 shares in the company, valued at approximately $1,913,486.40. The trade was a 11.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Eric Carre sold 141,206 shares of the firm's stock in a transaction dated Tuesday, February 11th. The stock was 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 represents a 52.63 % 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 three months. 0.61% of the stock is owned by corporate insiders.

Halliburton Stock Down 11.0 %

NYSE:HAL traded down $2.47 during mid-day trading on Friday, hitting $19.93. The stock had a trading volume of 21,908,588 shares, compared to its average volume of 9,374,500. Halliburton has a twelve month low of $19.59 and a twelve month high of $41.56. The stock has a 50-day simple moving average of $25.49 and a two-hundred day simple moving average of $27.79. The company has a current ratio of 2.05, a quick ratio of 1.54 and a debt-to-equity ratio of 0.68. The company 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.

Halliburton Dividend Announcement

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

Analysts Set New Price Targets

HAL has been the subject of several research reports. JPMorgan Chase & Co. dropped their price objective on shares of Halliburton from $35.00 to $33.00 and set an "overweight" rating for the company in a research note on Thursday, January 2nd. Piper Sandler started coverage on Halliburton in a research report on Thursday, December 19th. They set an "overweight" rating and a $36.00 price objective on the stock. Evercore ISI dropped their target price on Halliburton from $43.00 to $35.00 and set an "outperform" rating for the company in a report on Wednesday, January 15th. Raymond James lowered Halliburton from a "strong-buy" rating to a "market perform" rating in a report on Monday, January 6th. Finally, UBS Group lowered shares of Halliburton from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $36.00 to $34.00 in a report on Monday, December 9th. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat.com, Halliburton presently has a consensus rating of "Moderate Buy" and an average price target of $37.37.

Halliburton 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.