National Bank of Canada FI Reduces Stake in Halliburton (NYSE:HAL)

National Bank of Canada FI cut its stake in shares of Halliburton (NYSE:HAL - Free Report) by 9.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 413,231 shares of the oilfield services company's stock after selling 40,773 shares during the period. National Bank of Canada FI's holdings in Halliburton were worth $11,235,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Horrell Capital Management Inc. purchased a new position in shares of Halliburton in the fourth quarter valued at approximately $33,000. Sierra Ocean LLC purchased a new position in Halliburton in the 4th quarter valued at $36,000. Modus Advisors LLC purchased a new position in Halliburton in the 4th quarter valued at $38,000. Continuum Advisory LLC boosted its stake in Halliburton by 101.2% during the 3rd quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company's stock worth $42,000 after purchasing an additional 698 shares during the last quarter. Finally, Blume Capital Management Inc. grew its holdings in shares of Halliburton by 33.3% during the fourth quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company's stock worth $44,000 after buying an additional 400 shares in the last quarter. 85.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on HAL. Barclays lowered 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 report on Monday, March 31st. Raymond James cut Halliburton from a "strong-buy" rating to a "market perform" rating in a report on Monday, January 6th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $34.00 price target on shares of Halliburton in a report on Thursday, January 23rd. UBS Group lowered Halliburton from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $36.00 to $34.00 in a research note on Monday, December 9th. Finally, Jefferies Financial Group cut their target price on Halliburton from $43.00 to $41.00 and set a "buy" rating for the company in a research note on Friday, January 3rd. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $37.37.

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Halliburton Trading Up 0.1 %

NYSE:HAL traded up $0.02 on Tuesday, reaching $20.01. 4,443,581 shares of the company's stock were exchanged, compared to its average volume of 11,882,773. The firm has a market capitalization of $17.37 billion, a price-to-earnings ratio of 7.07, a price-to-earnings-growth ratio of 3.79 and a beta of 1.45. Halliburton has a 52-week low of $18.72 and a 52-week high of $41.55. The company has a quick ratio of 1.54, a current ratio of 2.05 and a debt-to-equity ratio of 0.68. The business has a fifty day moving average of $25.34 and a 200-day moving average of $27.71.

Halliburton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 3.40%. The ex-dividend date was Wednesday, March 5th. Halliburton's payout ratio is currently 24.03%.

Insiders Place Their Bets

In other news, CFO Eric Carre sold 51,179 shares of the business's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $25.00, for a total transaction of $1,279,475.00. Following the completion of the transaction, the chief financial officer now directly owns 127,101 shares of the company's stock, valued at approximately $3,177,525. The trade was a 28.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Timothy Mckeon sold 10,497 shares of the firm's 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 completion of the sale, the vice president now directly 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 have sold a total of 206,782 shares of company stock worth $5,321,170 in the last ninety days. 0.61% of the stock is owned by corporate insiders.

Halliburton Company 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.