Simmons Bank Decreases Position in Halliburton (NYSE:HAL)

Simmons Bank trimmed its stake in shares of Halliburton (NYSE:HAL) by 14.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 52,260 shares of the oilfield services company’s stock after selling 8,718 shares during the period. Simmons Bank’s holdings in Halliburton were worth $1,421,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Sierra Ocean LLC purchased a new position in shares of Halliburton during the fourth quarter valued at approximately $36,000. Continuum Advisory LLC raised its holdings in shares of Halliburton by 101.2% during 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 purchased a new position in shares of Halliburton during the fourth quarter valued at approximately $38,000. Venturi Wealth Management LLC raised its holdings in shares of Halliburton by 34.2% during the third quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock valued at $47,000 after purchasing an additional 412 shares during the last quarter. Finally, Brown Brothers Harriman & Co. raised its holdings in shares of Halliburton by 28.8% during the third quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company’s stock valued at $51,000 after purchasing an additional 393 shares during the last quarter. 85.23% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Halliburton news, CFO Eric Carre sold 141,206 shares of the stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $26.13, for a total transaction of $3,689,712.78. Following the completion of the transaction, the chief financial officer now owns 127,101 shares in the company, valued at $3,321,149.13. This trade 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 through this link. 0.61% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Griffin Securities cut shares of Halliburton from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. Raymond James cut shares of Halliburton from a “strong-buy” rating to a “market perform” rating in a report on Monday, January 6th. JPMorgan Chase & Co. reduced their target price on shares of Halliburton from $35.00 to $33.00 and set an “overweight” rating for the company in a report on Thursday, January 2nd. Stifel Nicolaus reduced their target price on shares of Halliburton from $42.00 to $37.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Finally, Susquehanna reduced their target price on shares of Halliburton from $42.00 to $40.00 and set a “positive” rating for the company in a report on Friday, November 8th. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, Halliburton currently has an average rating of “Moderate Buy” and an average price target of $37.42.

Halliburton Price Performance

Shares of NYSE:HAL opened at $25.90 on Thursday. 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 firm has a fifty day moving average price of $27.01 and a 200 day moving average price of $28.81. Halliburton has a fifty-two week low of $25.16 and a fifty-two week high of $41.56. The firm has a market cap of $22.48 billion, a price-to-earnings ratio of 9.15, a P/E/G ratio of 3.79 and a beta of 1.89.

Halliburton Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.63%. Halliburton’s dividend payout ratio is 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.