Semanteon Capital Management LP Decreases Stock Holdings in Halliburton (NYSE:HAL)

Semanteon Capital Management LP reduced its stake in shares of Halliburton (NYSE:HAL) by 12.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,663 shares of the oilfield services company’s stock after selling 4,979 shares during the quarter. Semanteon Capital Management LP’s holdings in Halliburton were worth $970,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Geode Capital Management LLC lifted its stake in shares of Halliburton by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 20,630,361 shares of the oilfield services company’s stock worth $597,234,000 after purchasing an additional 172,505 shares during the last quarter. Pacer Advisors Inc. raised its stake in Halliburton by 10.4% in the fourth quarter. Pacer Advisors Inc. now owns 18,530,937 shares of the oilfield services company’s stock valued at $503,856,000 after buying an additional 1,748,763 shares during the last quarter. Amundi raised its stake in Halliburton by 22.2% in the fourth quarter. Amundi now owns 13,068,025 shares of the oilfield services company’s stock valued at $353,242,000 after buying an additional 2,378,043 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Halliburton by 2.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,742,352 shares of the oilfield services company’s stock valued at $166,815,000 after buying an additional 115,504 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Halliburton by 3.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,435,299 shares of the oilfield services company’s stock valued at $147,786,000 after buying an additional 187,150 shares during the last quarter. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Griffin Securities cut Halliburton from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $34.00 price target on shares of Halliburton in a research note on Thursday, January 23rd. Stifel Nicolaus decreased their price target on Halliburton from $42.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. Raymond James cut Halliburton from a “strong-buy” rating to a “market perform” rating in a research note on Monday, January 6th. Finally, Jefferies Financial Group cut their price objective on Halliburton from $43.00 to $41.00 and set a “buy” rating on the stock in a report on Friday, January 3rd. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Halliburton currently has a consensus rating of “Moderate Buy” and an average price target of $37.42.

Insider Buying and Selling at Halliburton

In other Halliburton news, Director Margaret Katherine Banks sold 3,900 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $24.04, for a total value of $93,756.00. Following the sale, the director now directly owns 10,551 shares of the company’s stock, valued at approximately $253,646.04. This trade represents a 26.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 in the company, valued at approximately $1,913,486.40. The trade was a 11.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 206,782 shares of company stock valued at $5,321,170. Company insiders own 0.61% of the company’s stock.

Halliburton Stock Down 0.3 %

Halliburton stock opened at $24.99 on Friday. The firm has a market cap of $21.70 billion, a price-to-earnings ratio of 8.83, a price-to-earnings-growth ratio of 3.79 and a beta of 1.84. Halliburton has a 52 week low of $23.42 and a 52 week high of $41.56. The business’s 50-day moving average price is $26.37 and its 200 day moving average price is $28.12. The company has a quick ratio of 1.54, a current ratio of 2.05 and a debt-to-equity ratio of 0.68.

Halliburton Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.72%. The ex-dividend date of this dividend is Wednesday, March 5th. Halliburton’s payout ratio is currently 24.03%.

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.