Securian Asset Management Inc. Sells 1,612 Shares of Halliburton (NYSE:HAL)

Securian Asset Management Inc. cut its position in shares of Halliburton (NYSE:HAL) by 3.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,215 shares of the oilfield services company’s stock after selling 1,612 shares during the quarter. Securian Asset Management Inc.’s holdings in Halliburton were worth $1,284,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its position in shares of Halliburton by 1.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 36,612 shares of the oilfield services company’s stock valued at $995,000 after purchasing an additional 573 shares during the last quarter. HighTower Advisors LLC grew its position in Halliburton by 1.3% during the 4th quarter. HighTower Advisors LLC now owns 680,693 shares of the oilfield services company’s stock worth $18,508,000 after acquiring an additional 8,751 shares during the last quarter. Founders Financial Alliance LLC bought a new position in Halliburton during the 4th quarter worth approximately $202,000. Pzena Investment Management LLC grew its position in Halliburton by 0.4% during the 4th quarter. Pzena Investment Management LLC now owns 1,547,656 shares of the oilfield services company’s stock worth $42,081,000 after acquiring an additional 5,650 shares during the last quarter. Finally, Independent Advisor Alliance grew its position in Halliburton by 29.0% during the 4th quarter. Independent Advisor Alliance now owns 10,625 shares of the oilfield services company’s stock worth $289,000 after acquiring an additional 2,390 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Evercore ISI reduced their price target on Halliburton from $43.00 to $35.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 15th. Jefferies Financial Group reduced their price target on Halliburton from $43.00 to $41.00 and set a “buy” rating on the stock in a research report on Friday, January 3rd. Benchmark reduced their price target on Halliburton from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. JPMorgan Chase & Co. dropped their price objective on Halliburton from $35.00 to $33.00 and set an “overweight” rating for the company in a report on Thursday, January 2nd. Finally, Raymond James cut Halliburton from a “strong-buy” rating to a “market perform” rating in a report on Monday, January 6th. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $37.42.

Insider Buying and Selling at Halliburton

In other Halliburton news, CFO Eric Carre sold 141,206 shares of Halliburton stock in a transaction 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 completion of 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Timothy Mckeon sold 10,497 shares of Halliburton stock in a transaction 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 transaction, the vice president now owns 77,784 shares of the company’s stock, valued at $1,913,486.40. The trade was a 11.89 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 155,603 shares of company stock worth $4,041,695. 0.61% of the stock is owned by insiders.

Halliburton Trading Up 3.1 %

HAL opened at $25.09 on Friday. The stock has a market cap of $21.78 billion, a PE ratio of 8.87, a PEG ratio of 3.79 and a beta of 1.84. The company has a quick ratio of 1.54, a current ratio of 2.05 and a debt-to-equity ratio of 0.68. The business has a 50 day moving average of $26.55 and a 200-day moving average of $28.29. Halliburton has a 52 week low of $23.42 and a 52 week high of $41.56.

Halliburton Dividend Announcement

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 paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date is Wednesday, March 5th. Halliburton’s payout ratio is presently 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.