Level Four Advisory Services LLC Sells 897 Shares of Halliburton (NYSE:HAL)

Level Four Advisory Services LLC decreased its holdings in Halliburton (NYSE:HAL) by 5.1% in the fourth quarter, Holdings Channel reports. The firm owned 16,608 shares of the oilfield services company’s stock after selling 897 shares during the quarter. Level Four Advisory Services LLC’s holdings in Halliburton were worth $452,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Mediolanum International Funds Ltd lifted its stake in Halliburton by 48.2% during the 4th quarter. Mediolanum International Funds Ltd now owns 71,797 shares of the oilfield services company’s stock valued at $1,931,000 after acquiring an additional 23,340 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Halliburton by 3.7% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,257,250 shares of the oilfield services company’s stock worth $61,375,000 after purchasing an additional 80,567 shares during the last quarter. Congress Asset Management Co. bought a new stake in Halliburton in the 4th quarter worth approximately $621,000. Massachusetts Wealth Management increased its position in Halliburton by 180.9% during the fourth quarter. Massachusetts Wealth Management now owns 43,675 shares of the oilfield services company’s stock valued at $1,188,000 after acquiring an additional 28,125 shares during the last quarter. Finally, Scott & Selber Inc. increased its position in shares of Halliburton by 109.9% during the 4th quarter. Scott & Selber Inc. now owns 81,335 shares of the oilfield services company’s stock valued at $2,211,000 after purchasing an additional 42,590 shares during the last quarter. 85.23% of the stock is owned by institutional investors.

Insider Transactions at Halliburton

In related news, CFO Eric Carre sold 141,206 shares of the company’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 value of $3,689,712.78. Following the sale, the chief financial officer now owns 127,101 shares in the company, valued at $3,321,149.13. This represents a 52.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Margaret Katherine Banks sold 3,900 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $24.04, for a total transaction of $93,756.00. Following the completion of the sale, the director now owns 10,551 shares in the company, valued at $253,646.04. The trade was a 26.99 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 206,782 shares of company stock worth $5,321,170. Company insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Piper Sandler began coverage on Halliburton in a report on Thursday, December 19th. They issued an “overweight” rating and a $36.00 target price on the stock. Jefferies Financial Group cut their price objective on shares of Halliburton from $43.00 to $41.00 and set a “buy” rating for the company in a report on Friday, January 3rd. Wells Fargo & Company lowered their target price on shares of Halliburton from $39.00 to $34.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. UBS Group lowered shares of Halliburton from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $36.00 to $34.00 in a research report on Monday, December 9th. Finally, Raymond James cut shares of Halliburton from a “strong-buy” rating to a “market perform” rating in a research note on Monday, January 6th. Seven equities 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.com, Halliburton presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.37.

Halliburton Trading Up 1.2 %

Halliburton stock opened at $25.37 on Tuesday. Halliburton has a one year low of $23.42 and a one year high of $41.56. The stock has a market cap of $22.03 billion, a PE ratio of 8.97, a price-to-earnings-growth ratio of 3.79 and a beta of 1.84. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05. The stock has a 50-day moving average of $25.89 and a two-hundred day moving average of $27.93.

Halliburton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were issued a $0.17 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.68%. Halliburton’s dividend payout ratio is currently 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.