Massachusetts Financial Services Co. MA Has $84 Million Holdings in Halliburton (NYSE:HAL)

Massachusetts Financial Services Co. MA lowered its position in shares of Halliburton (NYSE:HAL - Free Report) by 1.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,089,400 shares of the oilfield services company's stock after selling 51,654 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.35% of Halliburton worth $84,001,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in HAL. Geode Capital Management LLC raised its holdings in Halliburton by 4.4% during the 4th quarter. Geode Capital Management LLC now owns 21,538,632 shares of the oilfield services company's stock worth $584,139,000 after buying an additional 908,271 shares during the period. StoneX Group Inc. increased its holdings in shares of Halliburton by 21.8% in the 4th quarter. StoneX Group Inc. now owns 36,709 shares of the oilfield services company's stock valued at $998,000 after purchasing an additional 6,568 shares during the period. Alliancebernstein L.P. increased its stake in Halliburton by 1.7% in the 4th quarter. Alliancebernstein L.P. now owns 1,124,538 shares of the oilfield services company's stock valued at $30,576,000 after buying an additional 18,787 shares during the period. O Shaughnessy Asset Management LLC boosted its stake in shares of Halliburton by 49.5% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 80,272 shares of the oilfield services company's stock valued at $2,183,000 after buying an additional 26,592 shares during the period. Finally, CIBC Private Wealth Group LLC increased its stake in shares of Halliburton by 33.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 8,065 shares of the oilfield services company's stock worth $218,000 after acquiring an additional 2,042 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company's stock.

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Halliburton Trading Up 0.1 %

Shares of NYSE:HAL traded up $0.02 during trading on Tuesday, hitting $20.01. 4,992,456 shares of the company's stock were exchanged, compared to its average volume of 9,396,017. 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 has a market cap of $17.37 billion, a P/E ratio of 7.07, a PEG ratio of 3.79 and a beta of 1.45. The firm has a 50-day moving average price of $25.34 and a two-hundred day moving average price of $27.71. Halliburton has a 1-year low of $18.72 and a 1-year high of $41.56.

Halliburton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were issued a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.68 dividend on an annualized basis and a yield of 3.40%. Halliburton's dividend payout ratio is presently 24.03%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on HAL shares. Wells Fargo & Company cut their price target on Halliburton from $39.00 to $34.00 and set an "overweight" rating for the company in a research note on Tuesday, December 17th. Barclays dropped their price target on shares of Halliburton from $30.00 to $29.00 and set an "equal weight" rating on the stock in a research note on Monday, March 31st. UBS Group cut Halliburton from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $36.00 to $34.00 in a research report on Monday, December 9th. Jefferies Financial Group reduced their target price on Halliburton from $43.00 to $41.00 and set a "buy" rating for the company in a report on Friday, January 3rd. Finally, Piper Sandler started coverage on shares of Halliburton in a research report on Thursday, December 19th. They issued an "overweight" rating and a $36.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $37.37.

Insider Buying and Selling at Halliburton

In related news, Director Margaret Katherine Banks sold 3,900 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was 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 directly owns 10,551 shares of the company's stock, valued at approximately $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 can be accessed through this link. Also, CFO Eric Carre sold 141,206 shares of the stock in a transaction on Tuesday, February 11th. The stock was 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 directly owns 127,101 shares of the company's stock, valued at $3,321,149.13. This represents a 52.63 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 206,782 shares of company stock valued at $5,321,170. 0.61% of the stock is currently owned by company 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.