Wellington Management Group LLP Has $149.26 Million Stock Holdings in Halliburton (NYSE:HAL)

Wellington Management Group LLP reduced its holdings in shares of Halliburton (NYSE:HAL) by 4.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,489,494 shares of the oilfield services company’s stock after selling 239,180 shares during the period. Wellington Management Group LLP’s holdings in Halliburton were worth $149,259,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HAL. O Shaughnessy Asset Management LLC raised its position in Halliburton by 49.5% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 80,272 shares of the oilfield services company’s stock worth $2,183,000 after purchasing an additional 26,592 shares in the last quarter. CIBC Private Wealth Group LLC lifted its position in shares of Halliburton by 33.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 8,065 shares of the oilfield services company’s stock worth $218,000 after buying an additional 2,042 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Halliburton by 15.6% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 16,093,680 shares of the oilfield services company’s stock valued at $437,587,000 after buying an additional 2,171,722 shares in the last quarter. Schroder Investment Management Group grew its position in Halliburton by 159.8% in the fourth quarter. Schroder Investment Management Group now owns 496,132 shares of the oilfield services company’s stock valued at $13,490,000 after acquiring an additional 305,196 shares during the period. Finally, Allianz SE acquired a new position in Halliburton during the fourth quarter worth $1,177,000. Institutional investors own 85.23% of the company’s stock.

Insider Activity at Halliburton

In other Halliburton news, CFO Eric Carre sold 141,206 shares of the business’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $26.13, for a total value of $3,689,712.78. Following the completion of the transaction, the chief financial officer now directly owns 127,101 shares of the company’s stock, valued at approximately $3,321,149.13. The trade was a 52.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Timothy Mckeon sold 10,497 shares of the firm’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $24.60, for a total value of $258,226.20. Following the sale, the vice president now directly owns 77,784 shares in the company, valued at approximately $1,913,486.40. This represents a 11.89 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 206,782 shares of company stock worth $5,321,170. 0.61% of the stock is currently owned by company insiders.

Halliburton Trading Up 0.7 %

NYSE:HAL opened at $25.73 on Thursday. 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 $23.42 and a 1-year high of $41.56. The firm has a market capitalization of $22.34 billion, a price-to-earnings ratio of 9.09, a PEG ratio of 3.79 and a beta of 1.84. The business’s 50-day moving average price is $25.76 and its two-hundred day moving average price is $27.90.

Halliburton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.64%. The ex-dividend date was Wednesday, March 5th. Halliburton’s payout ratio is 24.03%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. UBS Group cut shares of Halliburton from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $36.00 to $34.00 in a research report on Monday, December 9th. Griffin Securities lowered shares of Halliburton from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. JPMorgan Chase & Co. decreased 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. Raymond James cut Halliburton from a “strong-buy” rating to a “market perform” rating in a report on Monday, January 6th. Finally, Evercore ISI decreased their target price on Halliburton from $43.00 to $35.00 and set an “outperform” rating on the stock in a report on Wednesday, January 15th. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $37.37.

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.