Gulf International Bank UK Ltd Sells 764 Shares of Halliburton (NYSE:HAL)

Gulf International Bank UK Ltd trimmed its position in Halliburton (NYSE:HAL) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 70,486 shares of the oilfield services company’s stock after selling 764 shares during the period. Gulf International Bank UK Ltd’s holdings in Halliburton were worth $1,916,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of HAL. Sierra Ocean LLC acquired a new stake in shares of Halliburton in the fourth quarter valued at about $36,000. Continuum Advisory LLC increased its position in shares of Halliburton by 101.2% in the third quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company’s stock valued at $42,000 after acquiring an additional 698 shares during the last quarter. Modus Advisors LLC acquired a new stake in shares of Halliburton in the fourth quarter valued at about $38,000. Venturi Wealth Management LLC increased its position in shares of Halliburton by 34.2% in the third quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock valued at $47,000 after acquiring an additional 412 shares during the last quarter. Finally, Brown Brothers Harriman & Co. increased its position in shares of 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. 85.23% of the stock is currently owned by institutional investors.

Halliburton Trading Up 0.9 %

Shares of HAL stock opened at $26.34 on Friday. The stock has a 50 day simple moving average of $27.03 and a 200 day simple moving average of $28.76. 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 $25.16 and a 1 year high of $41.56. The stock has a market cap of $22.86 billion, a P/E ratio of 9.31, a price-to-earnings-growth ratio of 3.79 and a beta of 1.89.

Halliburton Dividend Announcement

The firm also recently announced 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 2.58%. The ex-dividend date is Wednesday, March 5th. Halliburton’s payout ratio is presently 24.03%.

Insiders Place Their Bets

In other Halliburton news, CFO Eric Carre sold 141,206 shares of the company’s stock in a transaction on Tuesday, February 11th. The stock was 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 in the company, valued at $3,321,149.13. This represents a 52.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

HAL has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lowered their price target on Halliburton from $35.00 to $33.00 and set an “overweight” rating on the stock in a research report on Thursday, January 2nd. Jefferies Financial Group lowered their price target on Halliburton from $43.00 to $41.00 and set a “buy” rating on the stock in a research report on Friday, January 3rd. Barclays lowered their price target on Halliburton from $32.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 23rd. Wells Fargo & Company reduced their price objective on Halliburton from $39.00 to $34.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Finally, UBS Group cut Halliburton from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $36.00 to $34.00 in a report on Monday, December 9th. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.42.

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.