Stephens Inc. AR Has $619,000 Stake in Halliburton (NYSE:HAL)

Stephens Inc. AR lessened its position in shares of Halliburton (NYSE:HAL - Free Report) by 78.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,775 shares of the oilfield services company's stock after selling 82,465 shares during the period. Stephens Inc. AR's holdings in Halliburton were worth $619,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of HAL. CWM LLC boosted its holdings in shares of Halliburton by 11.1% in the 3rd quarter. CWM LLC now owns 32,366 shares of the oilfield services company's stock valued at $940,000 after buying an additional 3,224 shares in the last quarter. Inspire Investing LLC raised its position in Halliburton by 26.0% in the 3rd quarter. Inspire Investing LLC now owns 9,855 shares of the oilfield services company's stock valued at $286,000 after purchasing an additional 2,034 shares during the last quarter. Exchange Traded Concepts LLC raised its position in Halliburton by 203.8% in the 3rd quarter. Exchange Traded Concepts LLC now owns 21,866 shares of the oilfield services company's stock valued at $635,000 after purchasing an additional 14,668 shares during the last quarter. Creative Planning raised its position in Halliburton by 11.9% in the 3rd quarter. Creative Planning now owns 173,555 shares of the oilfield services company's stock valued at $5,042,000 after purchasing an additional 18,396 shares during the last quarter. Finally, Vontobel Holding Ltd. raised its position in Halliburton by 63.0% in the 3rd quarter. Vontobel Holding Ltd. now owns 57,064 shares of the oilfield services company's stock valued at $1,658,000 after purchasing an additional 22,047 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company's stock.

Wall Street Analyst Weigh In

HAL has been the subject of a number of analyst reports. Piper Sandler started coverage on shares of Halliburton in a research report on Thursday, December 19th. They set an "overweight" rating and a $36.00 price objective for the company. UBS Group cut shares of Halliburton from a "buy" rating to a "neutral" rating and cut their target price for the stock from $36.00 to $34.00 in a research report on Monday, December 9th. Royal Bank of Canada restated a "sector perform" rating and set a $34.00 target price on shares of Halliburton in a research report on Thursday, January 23rd. Morgan Stanley lowered their price target on shares of Halliburton from $35.00 to $34.00 and set an "overweight" rating for the company in a report on Monday, November 18th. Finally, Benchmark lowered their target price on shares of Halliburton from $40.00 to $35.00 and set a "buy" rating for the company in a report 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. According to data from MarketBeat, Halliburton has a consensus rating of "Moderate Buy" and an average price target of $37.42.

Insider Buying and Selling at Halliburton

In other Halliburton news, CFO Eric Carre sold 141,206 shares of the company's stock in a transaction dated 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 sale, the chief financial officer now directly owns 127,101 shares of the company's stock, valued at approximately $3,321,149.13. This represents a 52.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.61% of the company's stock.

Halliburton Price Performance

NYSE HAL traded up $0.75 on Tuesday, reaching $26.91. The company's stock had a trading volume of 3,712,049 shares, compared to its average volume of 10,608,009. 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 twelve month low of $25.16 and a twelve month high of $41.56. The stock has a market cap of $23.64 billion, a PE ratio of 9.51, a PEG ratio of 3.53 and a beta of 1.89. The firm's 50 day moving average is $27.24 and its two-hundred day moving average is $29.02.

Halliburton Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date is Wednesday, March 5th. Halliburton's dividend payout ratio 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.