Halliburton (NYSE:HAL) Stake Decreased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lessened its holdings in shares of Halliburton (NYSE:HAL) by 47.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 138,715 shares of the oilfield services company’s stock after selling 127,602 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Halliburton were worth $3,772,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. South Dakota Investment Council raised its holdings in shares of Halliburton by 1.4% during the fourth quarter. South Dakota Investment Council now owns 651,939 shares of the oilfield services company’s stock valued at $17,726,000 after buying an additional 9,194 shares during the last quarter. Union Bancaire Privee UBP SA bought a new stake in shares of Halliburton during the fourth quarter valued at approximately $351,000. Delta Financial Group Inc. bought a new stake in shares of Halliburton during the fourth quarter valued at approximately $277,000. Arcadia Investment Management Corp MI raised its holdings in Halliburton by 3.4% during the fourth quarter. Arcadia Investment Management Corp MI now owns 51,890 shares of the oilfield services company’s stock worth $1,411,000 after purchasing an additional 1,685 shares in the last quarter. Finally, Ieq Capital LLC raised its holdings in Halliburton by 21.5% during the fourth quarter. Ieq Capital LLC now owns 51,330 shares of the oilfield services company’s stock worth $1,396,000 after purchasing an additional 9,072 shares in the last quarter. Institutional investors own 85.23% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on HAL. Raymond James cut Halliburton from a “strong-buy” rating to a “market perform” rating in a report on Monday, January 6th. Royal Bank of Canada reissued a “sector perform” rating and set a $34.00 target price on shares of Halliburton in a report on Thursday, January 23rd. Morgan Stanley dropped their target price on Halliburton from $35.00 to $34.00 and set an “overweight” rating on the stock in a report on Monday, November 18th. UBS Group cut 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 report on Monday, December 9th. Finally, Benchmark dropped their target price on Halliburton from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $37.42.

Insider Activity

In related news, CFO Eric Carre sold 141,206 shares of the company’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $26.13, for a total value 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 approximately $3,321,149.13. This represents a 52.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.61% of the stock is currently owned by corporate insiders.

Halliburton Trading Down 2.8 %

NYSE HAL opened at $26.25 on Monday. Halliburton has a twelve month low of $25.16 and a twelve month high of $41.56. 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 stock has a market cap of $22.78 billion, a price-to-earnings ratio of 9.27, a PEG ratio of 3.79 and a beta of 1.89. The firm’s 50 day moving average price is $27.06 and its two-hundred day moving average price is $28.90.

Halliburton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.59%. The ex-dividend date of this dividend is Wednesday, March 5th. Halliburton’s dividend payout ratio is currently 24.03%.

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.