Thrivent Financial for Lutherans Sells 3,751,033 Shares of Halliburton (NYSE:HAL)

Thrivent Financial for Lutherans reduced its position in Halliburton (NYSE:HAL - Free Report) by 67.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,769,350 shares of the oilfield services company's stock after selling 3,751,033 shares during the quarter. Thrivent Financial for Lutherans owned about 0.20% of Halliburton worth $48,108,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in HAL. Sierra Ocean LLC acquired a new position in Halliburton during the fourth quarter valued at approximately $36,000. Modus Advisors LLC bought a new position in shares of Halliburton in the 4th quarter valued at $38,000. Continuum Advisory LLC raised its holdings in shares of Halliburton by 101.2% during the 3rd quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company's stock worth $42,000 after buying an additional 698 shares in the last quarter. Blume Capital Management Inc. boosted its stake in Halliburton by 33.3% in the fourth quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company's stock valued at $44,000 after buying an additional 400 shares in the last quarter. Finally, Brown Brothers Harriman & Co. grew its position in Halliburton by 28.8% in the third quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company's stock valued at $51,000 after acquiring an additional 393 shares during the last quarter. Institutional investors own 85.23% of the company's stock.

Halliburton Stock Up 3.4 %

Shares of HAL stock traded up $0.85 during trading hours on Monday, reaching $25.59. The company had a trading volume of 16,665,959 shares, compared to its average volume of 8,836,138. The company has a market cap of $22.21 billion, a price-to-earnings ratio of 9.04, a price-to-earnings-growth ratio of 3.79 and a beta of 1.84. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 1.54. Halliburton has a 12 month low of $23.42 and a 12 month high of $41.56. The business has a fifty day simple moving average of $26.32 and a 200-day simple moving average of $28.05.

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Halliburton Dividend Announcement

The business 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 annualized dividend and a yield of 2.66%. The ex-dividend date of this dividend is Wednesday, March 5th. Halliburton's dividend payout ratio (DPR) is presently 24.03%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on HAL. Barclays decreased their target price on shares of Halliburton from $32.00 to $30.00 and set an "equal weight" rating for the company in a research report on Thursday, January 23rd. Benchmark dropped their target price on shares of Halliburton from $40.00 to $35.00 and set a "buy" rating on the stock in a report on Thursday, January 23rd. JPMorgan Chase & Co. lowered their price objective on Halliburton from $35.00 to $33.00 and set an "overweight" rating for the company in a research report on Thursday, January 2nd. Wells Fargo & Company cut their target price on Halliburton from $39.00 to $34.00 and set an "overweight" rating on the stock in a research report on Tuesday, December 17th. Finally, Jefferies Financial Group lowered their target price on Halliburton from $43.00 to $41.00 and set a "buy" rating for the company in a report on Friday, January 3rd. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat, Halliburton currently has an average rating of "Moderate Buy" and a consensus target price of $37.42.

Insiders Place Their Bets

In related news, VP Timothy Mckeon sold 10,497 shares of the firm's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $24.60, for a total transaction of $258,226.20. Following the transaction, the vice president now directly owns 77,784 shares of the company's stock, valued at $1,913,486.40. This trade represents a 11.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Eric Carre sold 51,179 shares of the company's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $25.00, for a total transaction of $1,279,475.00. Following the completion of the sale, the chief financial officer now directly owns 127,101 shares of the company's stock, valued at $3,177,525. The trade was a 28.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 206,782 shares of company stock valued at $5,321,170 in the last three months. 0.61% of the stock is currently owned by insiders.

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.