WealthTrust Asset Management LLC Invests $802,000 in Halliburton (NYSE:HAL)

WealthTrust Asset Management LLC purchased a new stake in Halliburton (NYSE:HAL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 29,506 shares of the oilfield services company's stock, valued at approximately $802,000.

A number of other large investors have also recently bought and sold shares of HAL. Envestnet Portfolio Solutions Inc. raised its position in Halliburton by 21.2% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 9,228 shares of the oilfield services company's stock valued at $251,000 after purchasing an additional 1,615 shares during the last quarter. one8zero8 LLC bought a new position in shares of Halliburton in the fourth quarter valued at about $1,641,000. Hills Bank & Trust Co raised its holdings in shares of Halliburton by 2.0% in the fourth quarter. Hills Bank & Trust Co now owns 38,138 shares of the oilfield services company's stock valued at $1,037,000 after buying an additional 738 shares during the last quarter. Blume Capital Management Inc. lifted its position in Halliburton by 33.3% during the 4th quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company's stock worth $44,000 after buying an additional 400 shares in the last quarter. Finally, Atala Financial Inc bought a new stake in Halliburton during the 4th quarter worth about $358,000. 85.23% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on HAL shares. Griffin Securities lowered shares of Halliburton from a "buy" rating to a "neutral" rating in a research report on Friday, December 20th. Benchmark decreased their price objective on Halliburton from $40.00 to $35.00 and set a "buy" rating on the stock in a research report on Thursday, January 23rd. Raymond James downgraded Halliburton from a "strong-buy" rating to a "market perform" rating in a research report on Monday, January 6th. Stifel Nicolaus decreased their price target on Halliburton from $42.00 to $37.00 and set a "buy" rating on the stock in a report on Thursday, January 23rd. Finally, Piper Sandler assumed coverage on Halliburton in a report on Thursday, December 19th. They set an "overweight" rating and a $36.00 price objective for the company. 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 has a consensus rating of "Moderate Buy" and a consensus target price of $37.42.

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Halliburton Trading Down 0.3 %

Halliburton stock traded down $0.09 during mid-day trading on Thursday, hitting $24.99. 16,371,431 shares of the company's stock were exchanged, compared to its average volume of 8,587,507. Halliburton has a fifty-two week low of $23.42 and a fifty-two week high of $41.56. The company has a quick ratio of 1.54, a current ratio of 2.05 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $21.70 billion, a P/E ratio of 8.83, a PEG ratio of 3.79 and a beta of 1.84. The company's 50 day simple moving average is $26.41 and its 200-day simple moving average is $28.14.

Halliburton Announces Dividend

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

Insider Buying and Selling

In other news, CFO Eric Carre sold 51,179 shares of the business's stock in a transaction dated 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 sale, the chief financial officer now directly owns 127,101 shares in the company, valued at $3,177,525. The trade was a 28.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Timothy Mckeon sold 10,497 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The stock was 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 represents a 11.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 206,782 shares of company stock valued at $5,321,170. 0.61% of the stock is owned by corporate insiders.

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.