Sei Investments Co. Has $7.58 Million Position in Halliburton (NYSE:HAL)

Sei Investments Co. grew its position in shares of Halliburton (NYSE:HAL - Free Report) by 18.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 278,934 shares of the oilfield services company's stock after buying an additional 42,876 shares during the quarter. Sei Investments Co.'s holdings in Halliburton were worth $7,584,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Sierra Ocean LLC bought a new stake in shares of Halliburton during the 4th quarter worth about $36,000. Modus Advisors LLC acquired a new stake in Halliburton in the 4th quarter worth approximately $38,000. Continuum Advisory LLC boosted its position in Halliburton by 101.2% during 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 period. Blume Capital Management Inc. grew its holdings in 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 purchasing an additional 400 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. bought a new position in shares of Halliburton in the fourth quarter valued at approximately $52,000. Institutional investors own 85.23% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Jefferies Financial Group decreased their price objective on shares of Halliburton from $43.00 to $41.00 and set a "buy" rating for the company in a report on Friday, January 3rd. UBS Group downgraded Halliburton from a "buy" rating to a "neutral" rating and lowered their price target for the company from $36.00 to $34.00 in a research report on Monday, December 9th. 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. Barclays lowered their target price on Halliburton from $30.00 to $29.00 and set an "equal weight" rating on the stock in a report on Monday, March 31st. Finally, Stifel Nicolaus lowered their price objective 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 equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat, Halliburton has an average rating of "Moderate Buy" and an average target price of $37.37.

Halliburton Price Performance

Halliburton stock traded down $2.47 during trading hours on Friday, hitting $19.93. 21,908,588 shares of the stock were exchanged, compared to its average volume of 9,374,500. The stock has a market capitalization of $17.30 billion, a P/E ratio of 7.04, a P/E/G ratio of 3.79 and a beta of 1.45. The business's 50-day moving average is $25.49 and its two-hundred day moving average is $27.79. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05. Halliburton has a 12 month low of $19.59 and a 12 month high of $41.56.

Halliburton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date of this dividend was Wednesday, March 5th. Halliburton's dividend payout ratio is currently 24.03%.

Insider Transactions at Halliburton

In other Halliburton news, Director Margaret Katherine Banks sold 3,900 shares of the company's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $24.04, for a total transaction of $93,756.00. Following the transaction, the director now owns 10,551 shares of the company's stock, valued at approximately $253,646.04. This represents a 26.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Eric Carre sold 141,206 shares of Halliburton 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 $3,321,149.13. This trade represents a 52.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 206,782 shares of company stock worth $5,321,170. Insiders own 0.61% of the company's stock.

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.