Halliburton (NYSE:HAL) Shares Sold by Achmea Investment Management B.V.

Achmea Investment Management B.V. lessened its stake in Halliburton (NYSE:HAL) by 16.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 119,528 shares of the oilfield services company’s stock after selling 24,207 shares during the quarter. Achmea Investment Management B.V.’s holdings in Halliburton were worth $3,250,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sierra Ocean LLC acquired a new stake in shares of Halliburton in the fourth quarter valued at approximately $36,000. Continuum Advisory LLC increased its holdings 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 purchasing 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 approximately $38,000. Venturi Wealth Management LLC increased its stake in Halliburton by 34.2% during the third quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock worth $47,000 after acquiring an additional 412 shares during the last quarter. Finally, Brown Brothers Harriman & Co. increased its stake in Halliburton by 28.8% during the third quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company’s stock worth $51,000 after acquiring an additional 393 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Analyst Ratings Changes

HAL has been the subject of several recent analyst reports. UBS Group cut Halliburton from a “buy” rating to a “neutral” rating and cut their target price for the stock from $36.00 to $34.00 in a research note on Monday, December 9th. Morgan Stanley lowered their price target on Halliburton from $35.00 to $34.00 and set an “overweight” rating for the company in a research report on Monday, November 18th. Stifel Nicolaus lowered their price target on Halliburton from $42.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Barclays decreased their target price on Halliburton from $32.00 to $30.00 and set an “equal weight” rating for the company in a report on Thursday, January 23rd. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $34.00 target price on shares of Halliburton in a report on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $37.42.

Insider Transactions at Halliburton

In other news, VP Timothy Mckeon sold 10,497 shares of Halliburton stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $24.60, for a total transaction of $258,226.20. Following the sale, the vice president now owns 77,784 shares in the company, valued at approximately $1,913,486.40. The trade was 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 accessible through this link. Also, Director Margaret Katherine Banks sold 3,900 shares of Halliburton stock in a transaction dated Tuesday, March 4th. The stock was 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 trade represents a 26.99 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 155,603 shares of company stock worth $4,041,695. Corporate insiders own 0.61% of the company’s stock.

Halliburton Stock Up 3.1 %

Shares of NYSE HAL opened at $25.09 on Friday. The company has a market capitalization of $21.78 billion, a price-to-earnings ratio of 8.87, 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. The business has a 50-day moving average of $26.55 and a two-hundred day moving average of $28.29. Halliburton has a 1 year low of $23.42 and a 1 year high of $41.56.

Halliburton Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date is Wednesday, March 5th. Halliburton’s dividend payout ratio (DPR) is currently 24.03%.

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.