Halliburton (NYSE:HAL) Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC trimmed its position in shares of Halliburton (NYSE:HAL - Free Report) by 93.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,536 shares of the oilfield services company's stock after selling 230,162 shares during the quarter. International Assets Investment Management LLC's holdings in Halliburton were worth $431,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Private Advisor Group LLC boosted its holdings in shares of Halliburton by 6.9% during the 2nd quarter. Private Advisor Group LLC now owns 50,326 shares of the oilfield services company's stock worth $1,700,000 after purchasing an additional 3,242 shares during the last quarter. Acadian Asset Management LLC grew its holdings in Halliburton by 3,757.1% in the 2nd quarter. Acadian Asset Management LLC now owns 37,067 shares of the oilfield services company's stock valued at $1,251,000 after buying an additional 36,106 shares in the last quarter. Choreo LLC purchased a new stake in Halliburton in the 2nd quarter valued at $450,000. American Century Companies Inc. increased its stake in shares of Halliburton by 2.0% in the 2nd quarter. American Century Companies Inc. now owns 3,165,501 shares of the oilfield services company's stock worth $106,931,000 after acquiring an additional 62,384 shares during the last quarter. Finally, Johnson Investment Counsel Inc. raised its holdings in shares of Halliburton by 68.6% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 9,662 shares of the oilfield services company's stock worth $326,000 after acquiring an additional 3,930 shares during the period. 85.23% of the stock is owned by institutional investors and hedge funds.

Halliburton Stock Down 0.1 %

HAL traded down $0.04 during trading hours on Friday, hitting $26.99. 12,314,947 shares of the company's stock were exchanged, compared to its average volume of 9,337,172. The firm has a market cap of $23.71 billion, a P/E ratio of 9.40, a price-to-earnings-growth ratio of 3.55 and a beta of 1.91. Halliburton has a 12-month low of $25.51 and a 12-month high of $41.56. The company has a current ratio of 2.21, a quick ratio of 1.62 and a debt-to-equity ratio of 0.74. The firm has a 50 day moving average of $28.98 and a 200 day moving average of $30.27.

Halliburton (NYSE:HAL - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share for the quarter, missing analysts' consensus estimates of $0.75 by ($0.02). The company had revenue of $5.70 billion for the quarter, compared to analysts' expectations of $5.83 billion. Halliburton had a return on equity of 28.33% and a net margin of 11.04%. The firm's revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.79 EPS. Analysts predict that Halliburton will post 3 EPS for the current fiscal year.

Halliburton Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 26th. Investors of record on Wednesday, December 4th were issued a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $0.68 annualized dividend and a yield of 2.52%. Halliburton's dividend payout ratio (DPR) is 23.69%.

Analyst Ratings Changes

HAL has been the subject of several recent analyst reports. Bank of America cut their price objective on shares of Halliburton from $40.00 to $38.00 and set a "buy" rating for the company in a research report on Monday, October 14th. BMO Capital Markets cut their price target on shares of Halliburton from $40.00 to $38.00 and set a "market perform" rating for the company in a report on Thursday, October 10th. Piper Sandler assumed coverage on Halliburton in a report on Thursday, December 19th. They issued an "overweight" rating and a $36.00 price objective on the stock. Dbs Bank began coverage on Halliburton in a research report on Wednesday, September 18th. They issued a "buy" rating and a $45.00 price objective for the company. Finally, UBS Group downgraded Halliburton from a "buy" rating to a "neutral" rating and reduced their target price for the company from $36.00 to $34.00 in a research report on Monday, December 9th. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $38.95.

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.