Jump Financial LLC Lowers Stock Position in Halliburton (NYSE:HAL)

Jump Financial LLC trimmed its position in Halliburton (NYSE:HAL - Free Report) by 94.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,245 shares of the oilfield services company's stock after selling 468,201 shares during the period. Jump Financial LLC's holdings in Halliburton were worth $686,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Guggenheim Capital LLC raised its position in Halliburton by 1.9% in the 4th quarter. Guggenheim Capital LLC now owns 67,362 shares of the oilfield services company's stock valued at $1,832,000 after buying an additional 1,242 shares during the last quarter. Canada Post Corp Registered Pension Plan bought a new position in Halliburton during the fourth quarter valued at about $227,000. Sanders Capital LLC boosted its stake in Halliburton by 1.6% in the fourth quarter. Sanders Capital LLC now owns 24,372,694 shares of the oilfield services company's stock valued at $662,694,000 after acquiring an additional 375,054 shares during the last quarter. Sagespring Wealth Partners LLC bought a new position in shares of Halliburton during the 4th quarter valued at approximately $276,000. Finally, Crux Wealth Advisors purchased a new stake in shares of Halliburton during the 4th quarter worth approximately $344,000. 85.23% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Halliburton

In other news, Director Margaret Katherine Banks sold 3,900 shares of the company's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $24.04, for a total transaction of $93,756.00. Following the completion of the sale, the director now owns 10,551 shares of the company's stock, valued at $253,646.04. This represents a 26.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Eric Carre sold 141,206 shares of the business'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 sale, the chief financial officer now 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 disclosure for this sale can be found here. In the last three months, insiders have sold 206,782 shares of company stock worth $5,321,170. Insiders own 0.61% of the company's stock.

Halliburton Stock Down 1.7 %

Halliburton stock traded down $0.35 during trading hours on Friday, hitting $20.86. 7,711,943 shares of the stock traded hands, compared to its average volume of 9,912,662. Halliburton has a one year low of $18.72 and a one year high of $38.91. The company has a market cap of $17.98 billion, a PE ratio of 7.36, a PEG ratio of 3.79 and a beta of 1.45. 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 firm's 50-day moving average price is $23.86 and its two-hundred day moving average price is $26.87.

Halliburton (NYSE:HAL - Get Free Report) last released its earnings results on Tuesday, April 22nd. The oilfield services company reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60. Halliburton had a net margin of 10.90% and a return on equity of 26.03%. The firm had revenue of $5.42 billion during the quarter, compared to analyst estimates of $5.28 billion. On average, research analysts forecast that Halliburton will post 2.64 EPS for the current year.

Halliburton Announces Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 3.26%. Halliburton's dividend payout ratio is presently 28.45%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Benchmark decreased their price objective on Halliburton from $40.00 to $35.00 and set a "buy" rating for the company in a report on Thursday, January 23rd. Stifel Nicolaus decreased their price target on Halliburton from $37.00 to $32.00 and set a "buy" rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. decreased their target price on Halliburton from $35.00 to $33.00 and set an "overweight" rating on the stock in a research note on Thursday, January 2nd. Barclays cut their target price on shares of Halliburton from $29.00 to $26.00 and set an "equal weight" rating for the company in a research report on Wednesday. Finally, Hsbc Global Res raised Halliburton to a "hold" rating in a research note on Wednesday. Eight analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $34.68.

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.