Trexquant Investment LP Sells 391,844 Shares of Halliburton (NYSE:HAL)

Trexquant Investment LP reduced its position in Halliburton (NYSE:HAL - Free Report) by 50.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 380,568 shares of the oilfield services company's stock after selling 391,844 shares during the period. Trexquant Investment LP's holdings in Halliburton were worth $10,348,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Captrust Financial Advisors grew its position in shares of Halliburton by 9.4% in the third quarter. Captrust Financial Advisors now owns 43,434 shares of the oilfield services company's stock valued at $1,262,000 after purchasing an additional 3,721 shares in the last quarter. Benjamin Edwards Inc. boosted its stake in Halliburton by 45.0% in the 3rd quarter. Benjamin Edwards Inc. now owns 10,677 shares of the oilfield services company's stock worth $310,000 after purchasing an additional 3,315 shares during the period. Holocene Advisors LP purchased a new position in Halliburton during the 3rd quarter valued at about $3,115,000. Hilltop Holdings Inc. increased its position in shares of Halliburton by 70.5% during the third quarter. Hilltop Holdings Inc. now owns 10,156 shares of the oilfield services company's stock valued at $295,000 after buying an additional 4,201 shares during the period. Finally, HighTower Advisors LLC lifted its holdings in shares of Halliburton by 60.7% in the third quarter. HighTower Advisors LLC now owns 671,942 shares of the oilfield services company's stock worth $19,449,000 after buying an additional 253,867 shares in the last quarter. 85.23% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

HAL has been the topic of several recent analyst reports. Piper Sandler started coverage on shares of Halliburton in a research note on Thursday, December 19th. They issued an "overweight" rating and a $36.00 target price on the stock. Barclays decreased their price objective on shares of Halliburton from $30.00 to $29.00 and set an "equal weight" rating on the stock in a research report on Monday, March 31st. Stifel Nicolaus dropped their target price on shares of Halliburton from $42.00 to $37.00 and set a "buy" rating for the company in a research report on Thursday, January 23rd. Benchmark lowered their price objective on shares of Halliburton from $40.00 to $35.00 and set a "buy" rating on the stock in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company dropped their price objective on shares of Halliburton from $39.00 to $34.00 and set an "overweight" rating for the company in a report on Tuesday, December 17th. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $37.37.

Halliburton Trading Down 11.0 %

Shares of NYSE HAL traded down $2.47 during trading hours on Friday, hitting $19.93. The company's stock had a trading volume of 21,908,588 shares, compared to its average volume of 9,374,500. Halliburton has a 12 month low of $19.59 and a 12 month high of $41.56. The stock has a market cap of $17.30 billion, a price-to-earnings ratio of 7.04, a P/E/G ratio of 3.79 and a beta of 1.45. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05. The business has a 50-day simple moving average of $25.49 and a 200-day simple moving average of $27.79.

Halliburton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.17 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.68 annualized dividend and a dividend yield of 3.41%. Halliburton's dividend payout ratio (DPR) is presently 24.03%.

Insider Activity at Halliburton

In other news, CFO Eric Carre sold 51,179 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $25.00, for a total value of $1,279,475.00. Following the completion of the transaction, the chief financial officer now owns 127,101 shares of the company's stock, valued at approximately $3,177,525. This represents a 28.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Margaret Katherine Banks sold 3,900 shares of Halliburton stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $24.04, for a total value of $93,756.00. Following the sale, the director now owns 10,551 shares in the company, valued at $253,646.04. This represents a 26.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 206,782 shares of company stock worth $5,321,170 over the last quarter. 0.61% of the stock is owned by corporate insiders.

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.