Rhumbline Advisers Sells 7,552 Shares of Halliburton (NYSE:HAL)

Rhumbline Advisers lowered its position in Halliburton (NYSE:HAL) by 0.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,558,963 shares of the oilfield services company’s stock after selling 7,552 shares during the period. Rhumbline Advisers owned 0.18% of Halliburton worth $42,388,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in HAL. Franklin Resources Inc. lifted its holdings 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 purchasing an additional 3,203,224 shares in the last quarter. Pacer Advisors Inc. raised its holdings in Halliburton by 23.1% during the third quarter. Pacer Advisors Inc. now owns 16,782,174 shares of the oilfield services company’s stock worth $487,522,000 after buying an additional 3,150,986 shares during the last quarter. Thompson Siegel & Walmsley LLC bought a new position in shares of Halliburton in the third quarter valued at $55,132,000. Van ECK Associates Corp increased its position in shares of Halliburton by 31.3% during the fourth quarter. Van ECK Associates Corp now owns 5,100,693 shares of the oilfield services company’s stock worth $138,688,000 after acquiring an additional 1,214,586 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its holdings 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 during the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on HAL shares. Evercore ISI cut their price target on Halliburton from $43.00 to $35.00 and set an “outperform” rating for the company in a research note on Wednesday, January 15th. Wells Fargo & Company dropped their price objective on Halliburton from $39.00 to $34.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. JPMorgan Chase & Co. lowered 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. Barclays cut their price target on shares of Halliburton from $32.00 to $30.00 and set an “equal weight” rating on the stock in a report on Thursday, January 23rd. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $34.00 target price on shares of Halliburton in a research report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $37.42.

Insiders Place Their Bets

In other Halliburton news, CFO Eric Carre sold 141,206 shares of the firm’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 transaction, the chief financial officer now directly owns 127,101 shares of the company’s stock, valued at $3,321,149.13. This trade represents a 52.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.61% of the stock is owned by corporate insiders.

Halliburton Stock Down 0.5 %

Halliburton stock opened at $26.16 on Tuesday. The firm has a market capitalization of $22.98 billion, a price-to-earnings ratio of 9.24, a P/E/G ratio of 3.53 and a beta of 1.89. The firm has a 50 day simple moving average of $27.30 and a 200 day simple moving average of $29.07. Halliburton has a 1-year low of $25.16 and a 1-year high of $41.56. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be issued a dividend of $0.17 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.68 dividend on an annualized basis and a yield of 2.60%. Halliburton’s dividend payout ratio (DPR) is 24.03%.

Halliburton 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.