Halliburton (NYSE:HAL) Stock Holdings Raised by NEOS Investment Management LLC

NEOS Investment Management LLC increased its position in Halliburton (NYSE:HAL - Free Report) by 31.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 52,051 shares of the oilfield services company's stock after buying an additional 12,443 shares during the period. NEOS Investment Management LLC's holdings in Halliburton were worth $1,415,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of HAL. Horrell Capital Management Inc. bought a new stake in shares of Halliburton in the fourth quarter worth about $33,000. Sierra Ocean LLC bought a new position in shares of Halliburton in the 4th quarter valued at about $36,000. Continuum Advisory LLC grew its position in Halliburton by 101.2% in the third quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company's stock worth $42,000 after acquiring an additional 698 shares in the last quarter. Modus Advisors LLC bought a new position in Halliburton during the fourth quarter valued at $38,000. Finally, Blume Capital Management Inc. lifted its holdings in shares of Halliburton by 33.3% in the 4th quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company's stock worth $44,000 after acquiring an additional 400 shares during the last quarter. 85.23% of the stock is owned by institutional investors.

Insider Transactions at Halliburton

In other Halliburton news, 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 of the company's stock, valued at $1,913,486.40. This trade represents a 11.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Margaret Katherine Banks sold 3,900 shares of the company's stock in a transaction 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 sale, the director now directly owns 10,551 shares of the company's stock, valued at approximately $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 three months, insiders sold 206,782 shares of company stock valued at $5,321,170. Corporate insiders own 0.61% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on HAL. Wells Fargo & Company cut their target price on Halliburton from $39.00 to $34.00 and set an "overweight" rating on the stock in a research note on Tuesday, December 17th. Raymond James downgraded shares of Halliburton from a "strong-buy" rating to a "market perform" rating in a research note on Monday, January 6th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $34.00 target price on shares of Halliburton in a research report on Thursday, January 23rd. Piper Sandler assumed coverage on shares of Halliburton in a report on Thursday, December 19th. They issued an "overweight" rating and a $36.00 price target for the company. Finally, Griffin Securities lowered Halliburton from a "buy" rating to a "neutral" rating in a report on Friday, December 20th. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $37.37.

Halliburton Stock Down 11.8 %

Shares of NYSE:HAL traded down $3.03 on Thursday, hitting $22.67. 4,952,938 shares of the company's stock were exchanged, compared to its average volume of 9,217,411. The firm's 50-day moving average is $25.76 and its 200 day moving average is $27.90. 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 market capitalization of $19.68 billion, a PE ratio of 8.01, a P/E/G ratio of 3.79 and a beta of 1.84. Halliburton has a 1-year low of $22.67 and a 1-year high of $41.56.

Halliburton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.17 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.00%. Halliburton's dividend payout ratio (DPR) is 24.03%.

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.