Halliburton (NYSE:HAL) Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. decreased its holdings in shares of Halliburton (NYSE:HAL) by 25.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,622 shares of the oilfield services company’s stock after selling 8,552 shares during the quarter. Bessemer Group Inc.’s holdings in Halliburton were worth $696,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Applied Finance Capital Management LLC raised its holdings in Halliburton by 5.6% in the 4th quarter. Applied Finance Capital Management LLC now owns 21,316 shares of the oilfield services company’s stock valued at $580,000 after buying an additional 1,128 shares during the period. Bank of Nova Scotia lifted its holdings in shares of Halliburton by 56.0% in the 4th quarter. Bank of Nova Scotia now owns 176,371 shares of the oilfield services company’s stock worth $4,796,000 after acquiring an additional 63,279 shares during the last quarter. Invesco Ltd. boosted its position in shares of Halliburton by 10.6% during the 4th quarter. Invesco Ltd. now owns 10,082,800 shares of the oilfield services company’s stock worth $274,151,000 after purchasing an additional 968,583 shares during the period. Bank of Montreal Can increased its holdings in Halliburton by 6.3% in the 4th quarter. Bank of Montreal Can now owns 959,324 shares of the oilfield services company’s stock valued at $26,084,000 after purchasing an additional 57,116 shares during the last quarter. Finally, Polymer Capital Management US LLC purchased a new stake in Halliburton in the fourth quarter valued at approximately $269,000. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Halliburton Price Performance

Shares of NYSE:HAL opened at $21.26 on Wednesday. Halliburton has a one year low of $18.72 and a one year high of $39.37. The stock has a market capitalization of $18.33 billion, a price-to-earnings ratio of 7.51, a PEG ratio of 3.79 and a beta of 1.45. The company has a 50-day simple moving average of $24.48 and a 200-day simple moving average of $27.27. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05.

Halliburton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were paid a $0.17 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.68 annualized dividend and a dividend yield of 3.20%. Halliburton’s dividend payout ratio (DPR) is currently 24.03%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Susquehanna cut their price objective on Halliburton from $35.00 to $32.00 and set a “positive” rating on the stock in a report on Monday. Piper Sandler initiated coverage on shares of Halliburton in a research report on Thursday, December 19th. They set an “overweight” rating and a $36.00 price target on the stock. Barclays dropped their price objective on shares of Halliburton from $30.00 to $29.00 and set an “equal weight” rating for the company in a report on Monday, March 31st. Raymond James lowered shares of Halliburton from a “strong-buy” rating to a “market perform” rating in a report on Monday, January 6th. Finally, Wells Fargo & Company dropped their price target on shares of Halliburton from $39.00 to $34.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.95.

Insider Activity

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