Halliburton (NYSE:HAL) Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB cut its position in Halliburton (NYSE:HAL - Free Report) by 54.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 493,904 shares of the oilfield services company's stock after selling 591,271 shares during the quarter. Nordea Investment Management AB owned 0.06% of Halliburton worth $13,513,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Country Trust Bank acquired a new position in shares of Halliburton in the 3rd quarter valued at approximately $36,000. 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 valued at $42,000 after acquiring an additional 698 shares during the last quarter. Modus Advisors LLC acquired a new position in Halliburton during the 4th quarter worth $38,000. ORG Wealth Partners LLC bought a new stake in shares of Halliburton in the 3rd quarter worth about $44,000. Finally, Mattson Financial Services LLC acquired a new stake in shares of Halliburton in the 2nd quarter valued at about $54,000. 85.23% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Wells Fargo & Company decreased 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 reiterated an "equal weight" rating and issued a $33.00 price target (down from $43.00) on shares of Halliburton in a report on Wednesday, December 18th. Morgan Stanley reduced their price objective on Halliburton from $35.00 to $34.00 and set an "overweight" rating on the stock in a research note on Monday, November 18th. Susquehanna lowered their target price on shares of Halliburton from $42.00 to $40.00 and set a "positive" rating for the company in a research note on Friday, November 8th. Finally, Piper Sandler began 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 research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $38.95.

Halliburton Stock Performance

Shares of NYSE HAL traded down $0.78 during midday trading on Thursday, reaching $26.97. 11,267,403 shares of the company traded hands, compared to its average volume of 8,853,820. The company has a market cap of $23.69 billion, a price-to-earnings ratio of 9.40, a PEG ratio of 3.55 and a beta of 1.91. The stock has a 50-day moving average price of $28.99 and a 200 day moving average price of $30.38. Halliburton has a 52 week low of $25.51 and a 52 week high of $41.56. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.21 and a quick ratio of 1.62.

Halliburton (NYSE:HAL - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.02). Halliburton had a net margin of 11.04% and a return on equity of 28.33%. The company had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.83 billion. During the same quarter last year, the business earned $0.79 earnings per share. The company's revenue was down 1.8% on a year-over-year basis. Sell-side analysts anticipate that Halliburton will post 3 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 26th. Stockholders of record on Wednesday, December 4th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date of this dividend was Wednesday, December 4th. Halliburton's dividend payout ratio is presently 23.69%.

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.