Prudential Financial Inc. Sells 123,647 Shares of Halliburton (NYSE:HAL)

Prudential Financial Inc. lowered its position in Halliburton (NYSE:HAL - Free Report) by 20.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 481,323 shares of the oilfield services company's stock after selling 123,647 shares during the quarter. Prudential Financial Inc. owned about 0.05% of Halliburton worth $13,087,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in HAL. Horrell Capital Management Inc. purchased a new position in shares of Halliburton during the 4th quarter valued at about $33,000. Sierra Ocean LLC bought a new stake in shares of Halliburton in the 4th quarter worth approximately $36,000. Modus Advisors LLC purchased a new position in shares of Halliburton in the 4th quarter worth about $38,000. Continuum Advisory LLC lifted its stake in shares of 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 buying an additional 698 shares in the last quarter. Finally, Blume Capital Management Inc. increased its position 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 valued at $44,000 after acquiring an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 85.23% of the company's stock.

Wall Street Analyst Weigh In

HAL has been the topic of several research reports. Evercore ISI dropped their target price on shares of Halliburton from $43.00 to $35.00 and set an "outperform" rating on the stock in a report on Wednesday, January 15th. Jefferies Financial Group decreased their price target on shares of Halliburton from $43.00 to $41.00 and set a "buy" rating on the stock in a research report on Friday, January 3rd. Royal Bank of Canada reissued a "sector perform" rating and set a $34.00 price objective on shares of Halliburton in a research report on Thursday, January 23rd. Benchmark decreased their price objective on Halliburton from $40.00 to $35.00 and set a "buy" rating on the stock in a research note on Thursday, January 23rd. Finally, Stifel Nicolaus decreased their target price on shares of Halliburton from $42.00 to $37.00 and set a "buy" rating on the stock in a research note on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $37.37.

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Insider Transactions at Halliburton

In related news, VP Timothy Mckeon sold 10,497 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $24.60, for a total value of $258,226.20. Following the completion of the transaction, the vice president now owns 77,784 shares of the company's stock, valued at $1,913,486.40. This represents a 11.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Eric Carre sold 141,206 shares of Halliburton stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $26.13, for a total transaction of $3,689,712.78. Following the completion of the transaction, the chief financial officer now owns 127,101 shares of the company's stock, valued at $3,321,149.13. This trade represents a 52.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 206,782 shares of company stock valued at $5,321,170 in the last three months. Corporate insiders own 0.61% of the company's stock.

Halliburton Price Performance

HAL traded up $0.18 during trading on Tuesday, reaching $25.55. The stock had a trading volume of 7,743,416 shares, compared to its average volume of 9,227,138. 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 firm has a market capitalization of $22.18 billion, a price-to-earnings ratio of 9.03, a price-to-earnings-growth ratio of 3.79 and a beta of 1.84. The stock has a 50 day moving average of $25.82 and a two-hundred day moving average of $27.91. Halliburton has a 1-year low of $23.42 and a 1-year high of $41.56.

Halliburton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date was Wednesday, March 5th. Halliburton's dividend payout ratio (DPR) is presently 24.03%.

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.