Investors Asset Management of Georgia Inc. GA ADV Sells 500 Shares of Halliburton (NYSE:HAL)

Investors Asset Management of Georgia Inc. GA ADV lowered its position in Halliburton (NYSE:HAL) by 4.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,970 shares of the oilfield services company’s stock after selling 500 shares during the period. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Halliburton were worth $298,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in HAL. MidWestOne Financial Group Inc. boosted its holdings in shares of Halliburton by 4.4% in the third quarter. MidWestOne Financial Group Inc. now owns 8,610 shares of the oilfield services company’s stock valued at $250,000 after buying an additional 359 shares during the period. Public Sector Pension Investment Board boosted its stake in Halliburton by 0.3% in the 3rd quarter. Public Sector Pension Investment Board now owns 154,210 shares of the oilfield services company’s stock worth $4,480,000 after purchasing an additional 390 shares during the period. Brown Brothers Harriman & Co. increased its holdings in Halliburton by 28.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company’s stock worth $51,000 after purchasing an additional 393 shares in the last quarter. HBW Advisory Services LLC raised its stake in shares of Halliburton by 3.9% in the 4th quarter. HBW Advisory Services LLC now owns 10,504 shares of the oilfield services company’s stock valued at $286,000 after purchasing an additional 397 shares during the period. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Halliburton by 34.2% in 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 in the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Insider Activity

In other news, CFO Eric Carre sold 141,206 shares of the business’s stock in a transaction dated 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 owns 127,101 shares of the company’s stock, valued at approximately $3,321,149.13. The trade was a 52.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.61% of the stock is owned by company insiders.

Halliburton Trading Up 1.0 %

HAL stock opened at $27.02 on Friday. The stock has a market cap of $23.45 billion, a price-to-earnings ratio of 9.55, a price-to-earnings-growth ratio of 3.76 and a beta of 1.89. The company has a fifty day moving average price of $27.11 and a two-hundred day moving average price of $28.96. Halliburton has a one year low of $25.16 and a one year high of $41.56. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 1.54.

Halliburton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend is Wednesday, March 5th. Halliburton’s payout ratio is 24.03%.

Analyst Ratings Changes

HAL has been the subject of a number of research reports. Griffin Securities downgraded 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 research note on Monday, January 6th. Morgan Stanley cut their price objective on shares of Halliburton from $35.00 to $34.00 and set an “overweight” rating on the stock in a research report on Monday, November 18th. Benchmark decreased their target price on shares of Halliburton from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Finally, Stifel Nicolaus lowered their price target on shares of Halliburton from $42.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $37.42.

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.