Quantbot Technologies LP Decreases Position in Halliburton (NYSE:HAL)

Quantbot Technologies LP trimmed its stake in shares of Halliburton (NYSE:HAL - Free Report) by 75.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,590 shares of the oilfield services company's stock after selling 228,491 shares during the quarter. Quantbot Technologies LP's holdings in Halliburton were worth $2,001,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Geode Capital Management LLC grew its position in shares of Halliburton by 0.8% during the third quarter. Geode Capital Management LLC now owns 20,630,361 shares of the oilfield services company's stock worth $597,234,000 after buying an additional 172,505 shares in the last quarter. Pacer Advisors Inc. lifted its stake in Halliburton by 10.4% in the fourth quarter. Pacer Advisors Inc. now owns 18,530,937 shares of the oilfield services company's stock worth $503,856,000 after acquiring an additional 1,748,763 shares during the last quarter. Amundi grew its holdings in Halliburton by 22.2% during the 4th quarter. Amundi now owns 13,068,025 shares of the oilfield services company's stock worth $353,242,000 after acquiring an additional 2,378,043 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Halliburton by 2.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,742,352 shares of the oilfield services company's stock valued at $166,815,000 after purchasing an additional 115,504 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Halliburton by 3.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,435,299 shares of the oilfield services company's stock valued at $147,786,000 after purchasing an additional 187,150 shares in the last quarter. Hedge funds and other institutional investors own 85.23% of the company's stock.

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Insider Activity at Halliburton

In other Halliburton news, Director Margaret Katherine Banks sold 3,900 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $24.04, for a total value of $93,756.00. Following the completion of the transaction, the director now owns 10,551 shares in the company, valued at approximately $253,646.04. This represents a 26.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Eric Carre sold 141,206 shares of the firm's stock in a transaction on Tuesday, February 11th. The shares were 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 of the company's stock, valued at approximately $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 a total of 206,782 shares of company stock worth $5,321,170 over the last 90 days. Company insiders own 0.61% of the company's stock.

Halliburton Stock Performance

HAL traded down $0.02 during trading on Wednesday, hitting $25.68. The stock had a trading volume of 8,553,167 shares, compared to its average volume of 8,858,093. Halliburton has a twelve month low of $23.42 and a twelve month high of $41.56. The firm has a market capitalization of $22.29 billion, a P/E ratio of 9.07, a PEG ratio of 3.79 and a beta of 1.84. 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's 50-day moving average price is $26.16 and its 200 day moving average price is $27.99.

Halliburton Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be issued a dividend of $0.17 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.68 annualized dividend and a yield of 2.65%. Halliburton's dividend payout ratio is currently 24.03%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Royal Bank of Canada reissued a "sector perform" rating and issued a $34.00 target price on shares of Halliburton in a report on Thursday, January 23rd. UBS Group downgraded Halliburton from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $36.00 to $34.00 in a report on Monday, December 9th. Jefferies Financial Group cut their target price on Halliburton from $43.00 to $41.00 and set a "buy" rating on the stock in a research report on Friday, January 3rd. JPMorgan Chase & Co. lowered their price target on Halliburton from $35.00 to $33.00 and set an "overweight" rating for the company in a report on Thursday, January 2nd. Finally, Wells Fargo & Company dropped their price target 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. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, Halliburton currently has an average rating of "Moderate Buy" and an average 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.