Private Advisor Group LLC Has $1.04 Million Stock Position in Halliburton (NYSE:HAL)

Private Advisor Group LLC lessened its stake in Halliburton (NYSE:HAL - Free Report) by 23.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,340 shares of the oilfield services company's stock after selling 11,532 shares during the quarter. Private Advisor Group LLC's holdings in Halliburton were worth $1,042,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Halliburton by 13.5% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 101,179 shares of the oilfield services company's stock valued at $2,939,000 after purchasing an additional 12,067 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in Halliburton by 6.1% in the third quarter. State of Alaska Department of Revenue now owns 102,584 shares of the oilfield services company's stock valued at $2,980,000 after buying an additional 5,930 shares in the last quarter. HM Payson & Co. grew its position in Halliburton by 3.1% in the third quarter. HM Payson & Co. now owns 26,400 shares of the oilfield services company's stock valued at $767,000 after acquiring an additional 800 shares during the last quarter. US Bancorp DE raised its stake in Halliburton by 7.0% during the third quarter. US Bancorp DE now owns 148,722 shares of the oilfield services company's stock worth $4,320,000 after acquiring an additional 9,721 shares in the last quarter. Finally, Stephens Inc. AR lifted its holdings in shares of Halliburton by 11.5% in the third quarter. Stephens Inc. AR now owns 105,240 shares of the oilfield services company's stock worth $3,057,000 after acquiring an additional 10,831 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company's stock.

Insider Transactions at Halliburton

In other news, CFO Eric Carre sold 141,206 shares of the firm's stock in a transaction dated Tuesday, February 11th. The stock was 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 directly owns 127,101 shares in the company, valued at $3,321,149.13. This trade represents a 52.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.61% of the company's stock.

Halliburton Trading Down 5.3 %

Shares of Halliburton stock traded down $1.39 on Monday, hitting $24.98. 16,723,152 shares of the company's stock traded hands, compared to its average volume of 10,743,452. The company has a fifty day moving average of $27.00 and a two-hundred day moving average of $28.68. Halliburton has a one year low of $24.75 and a one year high of $41.56. The company has a market capitalization of $21.68 billion, a price-to-earnings ratio of 8.83, a price-to-earnings-growth ratio of 3.79 and a beta of 1.89. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 1.54.

Halliburton Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend is Wednesday, March 5th. Halliburton's payout ratio is 24.03%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HAL. Susquehanna decreased their price target on shares of Halliburton from $42.00 to $40.00 and set a "positive" rating on the stock in a report on Friday, November 8th. Wells Fargo & Company decreased their target price on shares of Halliburton from $39.00 to $34.00 and set an "overweight" rating on the stock in a research note on Tuesday, December 17th. Piper Sandler began coverage on Halliburton in a research note on Thursday, December 19th. They issued an "overweight" rating and a $36.00 price target for the company. JPMorgan Chase & Co. reduced their price objective on Halliburton from $35.00 to $33.00 and set an "overweight" rating on the stock in a research report on Thursday, January 2nd. Finally, Evercore ISI lowered their target price on Halliburton from $43.00 to $35.00 and set an "outperform" rating for the company in a report on Wednesday, January 15th. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, Halliburton currently has an average rating of "Moderate Buy" and a consensus target price of $37.42.

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.