Russell Investments Group Ltd. Decreases Stock Holdings in Halliburton (NYSE:HAL)

Russell Investments Group Ltd. lowered its stake in shares of Halliburton (NYSE:HAL - Free Report) by 16.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,742,797 shares of the oilfield services company's stock after selling 338,102 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.20% of Halliburton worth $47,233,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of HAL. Horrell Capital Management Inc. purchased a new position in Halliburton in the fourth quarter worth $33,000. Sierra Ocean LLC bought a new stake in Halliburton in the fourth quarter valued at approximately $36,000. Modus Advisors LLC purchased a new stake in shares of Halliburton during the fourth quarter valued at approximately $38,000. Continuum Advisory LLC grew its holdings 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 purchasing an additional 698 shares during the last quarter. Finally, Blume Capital Management Inc. increased its stake in shares of Halliburton by 33.3% in the fourth quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company's stock worth $44,000 after buying an additional 400 shares during the period. Hedge funds and other institutional investors own 85.23% of the company's stock.

Halliburton Price Performance

HAL traded down $1.98 on Thursday, hitting $20.09. 6,736,643 shares of the company's stock traded hands, compared to its average volume of 9,522,235. Halliburton has a one year low of $18.72 and a one year high of $41.55. The company's 50 day simple moving average is $24.88 and its 200-day simple moving average is $27.49. The company has a current ratio of 2.05, a quick ratio of 1.54 and a debt-to-equity ratio of 0.68. The firm has a market cap of $17.31 billion, a price-to-earnings ratio of 7.05, a P/E/G ratio of 3.79 and a beta of 1.45.

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Halliburton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 3.39%. The ex-dividend date of this dividend was Wednesday, March 5th. Halliburton's dividend payout ratio is currently 24.03%.

Insider Activity at Halliburton

In other Halliburton news, CFO Eric Carre sold 141,206 shares of the firm's stock in a transaction that occurred 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 in the company, valued at $3,321,149.13. This trade represents a 52.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Timothy Mckeon sold 10,497 shares of the company's 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 transaction, the vice president now directly owns 77,784 shares in the company, valued at $1,913,486.40. This represents a 11.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 206,782 shares of company stock worth $5,321,170. Company insiders own 0.61% of the company's stock.

Wall Street Analyst Weigh In

HAL has been the topic of a number of research analyst reports. Barclays reduced their price target on Halliburton from $30.00 to $29.00 and set an "equal weight" rating on the stock in a report on Monday, March 31st. Jefferies Financial Group dropped their target price on shares of Halliburton from $43.00 to $41.00 and set a "buy" rating for the company in a research report on Friday, January 3rd. Piper Sandler initiated coverage on shares of Halliburton in a research report on Thursday, December 19th. They set an "overweight" rating and a $36.00 price target on the stock. JPMorgan Chase & Co. dropped their price target 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 price objective on Halliburton from $43.00 to $35.00 and set an "outperform" rating for the company in a research report on Wednesday, January 15th. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, Halliburton currently has an average rating of "Moderate Buy" and a consensus price target of $37.37.

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.