Halliburton (NYSE:HAL) Shares Sold by Legal & General Group Plc

Legal & General Group Plc cut its holdings in Halliburton (NYSE:HAL - Free Report) by 24.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,386,621 shares of the oilfield services company's stock after selling 1,726,015 shares during the quarter. Legal & General Group Plc owned about 0.61% of Halliburton worth $146,462,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Quantinno Capital Management LP lifted its position in Halliburton by 25.5% during the 3rd quarter. Quantinno Capital Management LP now owns 69,617 shares of the oilfield services company's stock worth $2,022,000 after acquiring an additional 14,134 shares during the period. Stifel Financial Corp lifted its holdings in shares of Halliburton by 2.2% during the third quarter. Stifel Financial Corp now owns 223,334 shares of the oilfield services company's stock worth $6,488,000 after purchasing an additional 4,707 shares during the period. EP Wealth Advisors LLC boosted its position in Halliburton by 76.5% in the third quarter. EP Wealth Advisors LLC now owns 13,657 shares of the oilfield services company's stock valued at $397,000 after buying an additional 5,918 shares during the last quarter. National Bank of Canada FI increased its holdings in Halliburton by 84.1% in the 3rd quarter. National Bank of Canada FI now owns 454,004 shares of the oilfield services company's stock worth $13,189,000 after buying an additional 207,452 shares during the period. Finally, MML Investors Services LLC raised its position in Halliburton by 3.5% during the 3rd quarter. MML Investors Services LLC now owns 40,505 shares of the oilfield services company's stock worth $1,177,000 after buying an additional 1,369 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company's stock.

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Halliburton Price Performance

NYSE:HAL traded up $0.13 during trading hours on Monday, hitting $21.20. 2,188,931 shares of the stock were exchanged, compared to its average volume of 9,590,137. The firm's fifty day moving average price is $24.67 and its 200 day moving average price is $27.36. Halliburton has a 52-week low of $18.72 and a 52-week high of $40.17. The company has a market cap of $18.27 billion, a P/E ratio of 7.49, a P/E/G 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.

Halliburton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors 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 3.21%. The ex-dividend date of this dividend was Wednesday, March 5th. Halliburton's payout ratio is 24.03%.

Analyst Upgrades and Downgrades

HAL has been the topic of several recent research reports. Jefferies Financial Group dropped their price objective on shares of Halliburton from $43.00 to $41.00 and set a "buy" rating on the stock in a report on Friday, January 3rd. Stifel Nicolaus cut their price target on Halliburton from $42.00 to $37.00 and set a "buy" rating on the stock in a research report on Thursday, January 23rd. Raymond James lowered Halliburton from a "strong-buy" rating to a "market perform" rating in a research note on Monday, January 6th. Piper Sandler assumed coverage on Halliburton in a research note on Thursday, December 19th. They issued an "overweight" rating and a $36.00 target price on the stock. Finally, Benchmark reduced their price target on Halliburton from $40.00 to $35.00 and set a "buy" rating for the company in a research 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, the company currently has an average rating of "Moderate Buy" and an average price target of $37.37.

Insider Activity at Halliburton

In other news, VP Timothy Mckeon sold 10,497 shares of the company's stock in a transaction 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 completion of the sale, the vice president now owns 77,784 shares of the company's stock, valued at $1,913,486.40. This represents a 11.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Margaret Katherine Banks sold 3,900 shares of the 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 trade represents a 26.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 206,782 shares of company stock valued at $5,321,170. 0.61% of the stock is owned by insiders.

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.