Swiss National Bank Sells 133,700 Shares of Halliburton (NYSE:HAL)

Swiss National Bank lessened its holdings in Halliburton (NYSE:HAL - Free Report) by 5.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,494,000 shares of the oilfield services company's stock after selling 133,700 shares during the period. Swiss National Bank owned 0.28% of Halliburton worth $67,812,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. raised its stake in Halliburton by 84.7% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 284,937 shares of the oilfield services company's stock valued at $7,747,000 after acquiring an additional 130,651 shares during the period. EverSource Wealth Advisors LLC raised its stake in Halliburton by 1.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 36,612 shares of the oilfield services company's stock valued at $995,000 after acquiring an additional 573 shares during the period. HighTower Advisors LLC raised its stake in Halliburton by 1.3% in the 4th quarter. HighTower Advisors LLC now owns 680,693 shares of the oilfield services company's stock valued at $18,508,000 after acquiring an additional 8,751 shares during the period. Founders Financial Alliance LLC bought a new stake in Halliburton in the 4th quarter valued at $202,000. Finally, Pzena Investment Management LLC raised its stake in Halliburton by 0.4% in the 4th quarter. Pzena Investment Management LLC now owns 1,547,656 shares of the oilfield services company's stock valued at $42,081,000 after acquiring an additional 5,650 shares during the period. Institutional investors own 85.23% of the company's stock.

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Insider Activity at Halliburton

In other 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 transaction, the chief financial officer now owns 127,101 shares in the company, valued at approximately $3,321,149.13. This represents a 52.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Margaret Katherine Banks sold 3,900 shares of the company's stock in a transaction dated Tuesday, March 4th. The shares were 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 in the company, valued at $253,646.04. This represents a 26.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 206,782 shares of company stock worth $5,321,170 over the last quarter. Company insiders own 0.61% of the company's stock.

Analysts Set New Price Targets

HAL has been the topic of a number of research analyst reports. Evercore ISI dropped their price target on Halliburton from $43.00 to $35.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 15th. Benchmark decreased their price objective on Halliburton from $40.00 to $35.00 and set a "buy" rating on the stock in a report on Thursday, January 23rd. Jefferies Financial Group decreased their price objective on Halliburton from $43.00 to $41.00 and set a "buy" rating on the stock in a report on Friday, January 3rd. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $34.00 price objective on shares of Halliburton in a report on Thursday, January 23rd. Finally, Stifel Nicolaus decreased their price objective on Halliburton from $42.00 to $37.00 and set a "buy" rating on the stock in a report on Thursday, January 23rd. Seven equities 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, the company currently has an average rating of "Moderate Buy" and a consensus target price of $37.42.

Halliburton Trading Up 0.2 %

HAL stock traded up $0.04 during midday trading on Wednesday, hitting $25.04. The stock had a trading volume of 9,786,933 shares, compared to its average volume of 10,936,101. The firm has a market cap of $21.74 billion, a P/E ratio of 8.85, a price-to-earnings-growth ratio of 3.79 and a beta of 1.84. The company has a current ratio of 2.05, a quick ratio of 1.54 and a debt-to-equity ratio of 0.68. Halliburton has a 1-year low of $23.42 and a 1-year high of $41.56. The business has a fifty day moving average price of $26.45 and a two-hundred day moving average price of $28.16.

Halliburton Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be issued a $0.17 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.68 annualized dividend and a yield of 2.72%. Halliburton's payout ratio is 24.03%.

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.