Lee Danner & Bass Inc. Sells 10,122 Shares of Halliburton (NYSE:HAL)

Lee Danner & Bass Inc. reduced its position in Halliburton (NYSE:HAL - Free Report) by 3.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 258,760 shares of the oilfield services company's stock after selling 10,122 shares during the quarter. Lee Danner & Bass Inc.'s holdings in Halliburton were worth $7,036,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC boosted its stake in Halliburton by 0.8% in the third quarter. Geode Capital Management LLC now owns 20,630,361 shares of the oilfield services company's stock worth $597,234,000 after buying an additional 172,505 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Halliburton by 10.4% in the 4th quarter. Pacer Advisors Inc. now owns 18,530,937 shares of the oilfield services company's stock valued at $503,856,000 after purchasing an additional 1,748,763 shares in the last quarter. Amundi grew its holdings in shares of Halliburton by 22.2% during the 4th quarter. Amundi now owns 13,068,025 shares of the oilfield services company's stock valued at $353,242,000 after purchasing an additional 2,378,043 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Halliburton by 2.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,742,352 shares of the oilfield services company's stock valued at $166,815,000 after purchasing an additional 115,504 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Halliburton by 3.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,435,299 shares of the oilfield services company's stock worth $147,786,000 after purchasing an additional 187,150 shares during the period. 85.23% of the stock is currently owned by institutional investors.

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Insider Activity at Halliburton

In other news, CFO Eric Carre sold 141,206 shares of Halliburton stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $26.13, for a total value of $3,689,712.78. Following the completion of the sale, the chief financial officer now directly owns 127,101 shares in the company, valued at $3,321,149.13. The trade was a 52.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Timothy Mckeon sold 10,497 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $24.60, for a total transaction of $258,226.20. Following the transaction, the vice president now owns 77,784 shares in the company, valued at approximately $1,913,486.40. This trade represents a 11.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 206,782 shares of company stock valued at $5,321,170 in the last three months. Company insiders own 0.61% of the company's stock.

Halliburton Stock Up 0.2 %

Shares of HAL traded up $0.05 on Tuesday, reaching $25.65. The stock had a trading volume of 9,031,924 shares, compared to its average volume of 8,832,648. 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 12-month low of $23.42 and a 12-month high of $41.56. The firm has a market capitalization of $22.27 billion, a price-to-earnings ratio of 9.06, a price-to-earnings-growth ratio of 3.79 and a beta of 1.84. The company has a 50-day simple moving average of $26.28 and a 200-day simple moving average of $28.03.

Halliburton Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.68 annualized dividend and a dividend yield of 2.65%. Halliburton's payout ratio is 24.03%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HAL. JPMorgan Chase & Co. reduced their price objective on Halliburton from $35.00 to $33.00 and set an "overweight" rating on the stock in a research note on Thursday, January 2nd. Wells Fargo & Company reduced their price target on Halliburton from $39.00 to $34.00 and set an "overweight" rating on the stock in a research report on Tuesday, December 17th. Griffin Securities cut Halliburton from a "buy" rating to a "neutral" rating in a research note on Friday, December 20th. Barclays dropped their price objective on Halliburton from $32.00 to $30.00 and set an "equal weight" rating for the company in a research note on Thursday, January 23rd. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a $34.00 price target on shares of Halliburton in a report on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $37.42.

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.