Hartford Investment Management Co. Sells 1,781 Shares of Halliburton (NYSE:HAL)

Hartford Investment Management Co. cut its position in shares of Halliburton (NYSE:HAL) by 3.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 54,080 shares of the oilfield services company’s stock after selling 1,781 shares during the period. Hartford Investment Management Co.’s holdings in Halliburton were worth $1,470,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Geode Capital Management LLC raised its position in Halliburton by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 20,630,361 shares of the oilfield services company’s stock valued at $597,234,000 after purchasing an additional 172,505 shares in the last quarter. Pacer Advisors Inc. raised its position in Halliburton by 10.4% during the 4th quarter. Pacer Advisors Inc. now owns 18,530,937 shares of the oilfield services company’s stock valued at $503,856,000 after purchasing an additional 1,748,763 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Halliburton by 2.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,742,352 shares of the oilfield services company’s stock worth $166,815,000 after acquiring an additional 115,504 shares in the last quarter. Thrivent Financial for Lutherans raised its position in shares of Halliburton by 22.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 5,520,383 shares of the oilfield services company’s stock worth $160,367,000 after acquiring an additional 995,649 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in shares of Halliburton by 244.5% in the 3rd quarter. Franklin Resources Inc. now owns 4,513,560 shares of the oilfield services company’s stock worth $138,025,000 after acquiring an additional 3,203,224 shares in the last quarter. 85.23% of the stock is owned by institutional investors.

Analyst Ratings Changes

HAL has been the subject of several recent research reports. JPMorgan Chase & Co. reduced their price target on Halliburton from $35.00 to $33.00 and set an “overweight” rating for the company in a research report on Thursday, January 2nd. Benchmark reduced their price target on Halliburton from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Piper Sandler initiated coverage on Halliburton in a research report on Thursday, December 19th. They issued an “overweight” rating and a $36.00 price target for the company. Griffin Securities lowered Halliburton from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. Finally, Morgan Stanley reduced 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. Seven investment 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 currently has an average rating of “Moderate Buy” and a consensus price target of $37.42.

Halliburton Stock Up 1.2 %

Halliburton stock opened at $26.27 on Friday. 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’s 50-day simple moving average is $27.43 and its two-hundred day simple moving average is $29.22. The company has a market cap of $23.08 billion, a PE ratio of 9.28, a PEG ratio of 3.53 and a beta of 1.89. Halliburton has a fifty-two week low of $25.16 and a fifty-two week high of $41.56.

Halliburton Dividend Announcement

The company also recently declared 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. The ex-dividend date is Wednesday, March 5th. This represents a $0.68 annualized dividend and a yield of 2.59%. Halliburton’s payout ratio is presently 24.03%.

Insider Buying and Selling at Halliburton

In other 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 owns 127,101 shares of the company’s stock, valued at $3,321,149.13. The trade was a 52.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.61% of the company’s stock.

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.