Martin & Co. Inc. TN Sells 10,502 Shares of Halliburton (NYSE:HAL)

Martin & Co. Inc. TN cut its stake in Halliburton (NYSE:HAL - Free Report) by 6.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 152,897 shares of the oilfield services company's stock after selling 10,502 shares during the period. Martin & Co. Inc. TN's holdings in Halliburton were worth $4,157,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Mediolanum International Funds Ltd grew its position in shares of Halliburton by 48.2% during the 4th quarter. Mediolanum International Funds Ltd now owns 71,797 shares of the oilfield services company's stock worth $1,931,000 after buying an additional 23,340 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Halliburton by 3.7% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,257,250 shares of the oilfield services company's stock worth $61,375,000 after buying an additional 80,567 shares during the period. Cary Street Partners Asset Management LLC grew its position in shares of Halliburton by 56.5% during the 3rd quarter. Cary Street Partners Asset Management LLC now owns 157,085 shares of the oilfield services company's stock worth $4,563,000 after buying an additional 56,707 shares during the period. Massachusetts Wealth Management grew its position in shares of Halliburton by 180.9% during the 4th quarter. Massachusetts Wealth Management now owns 43,675 shares of the oilfield services company's stock worth $1,188,000 after buying an additional 28,125 shares during the period. Finally, Pacer Advisors Inc. grew its holdings in Halliburton by 23.1% during the third quarter. Pacer Advisors Inc. now owns 16,782,174 shares of the oilfield services company's stock valued at $487,522,000 after purchasing an additional 3,150,986 shares during the period. 85.23% of the stock is owned by institutional investors.

Insider Activity at Halliburton

In related news, CFO Eric Carre sold 141,206 shares of Halliburton stock in a transaction 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 owns 127,101 shares of the company's stock, valued at approximately $3,321,149.13. This trade represents a 52.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.61% of the stock is currently owned by insiders.

Halliburton Trading Up 1.0 %

Shares of HAL stock traded up $0.28 during trading hours on Thursday, hitting $27.02. 8,288,777 shares of the company were exchanged, compared to its average volume of 10,753,380. The firm has a market cap of $23.45 billion, a P/E ratio of 9.55, a P/E/G ratio of 3.76 and a beta of 1.89. Halliburton has a fifty-two week low of $25.16 and a fifty-two week high of $41.56. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05. The company has a 50 day simple moving average of $27.15 and a two-hundred day simple moving average of $28.97.

Halliburton Announces Dividend

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 given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.52%. The ex-dividend date of this dividend is Wednesday, March 5th. Halliburton's payout ratio is currently 24.03%.

Analyst Ratings Changes

Several research firms have commented on HAL. Royal Bank of Canada reiterated a "sector perform" rating and issued a $34.00 price objective on shares of Halliburton in a report on Thursday, January 23rd. Raymond James downgraded shares of Halliburton from a "strong-buy" rating to a "market perform" rating in a research note on Monday, January 6th. Morgan Stanley decreased their price target on shares of Halliburton from $35.00 to $34.00 and set an "overweight" rating on the stock in a research note on Monday, November 18th. Piper Sandler began coverage on shares of Halliburton in a research note on Thursday, December 19th. They set an "overweight" rating and a $36.00 price objective on the stock. Finally, Susquehanna reduced their price objective on shares of Halliburton from $42.00 to $40.00 and set a "positive" rating on the stock in a research note on Friday, November 8th. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price 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.