Halliburton (NYSE:HAL) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC trimmed its position in Halliburton (NYSE:HAL) by 21.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 56,537 shares of the oilfield services company’s stock after selling 15,251 shares during the period. Sanctuary Advisors LLC’s holdings in Halliburton were worth $1,500,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Sequoia Financial Advisors LLC increased its position in shares of Halliburton by 4.8% during the third quarter. Sequoia Financial Advisors LLC now owns 14,518 shares of the oilfield services company’s stock worth $422,000 after purchasing an additional 667 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Halliburton by 1,227.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 300,452 shares of the oilfield services company’s stock worth $8,728,000 after purchasing an additional 277,823 shares during the last quarter. Allworth Financial LP grew its holdings in shares of Halliburton by 5.9% during the third quarter. Allworth Financial LP now owns 8,212 shares of the oilfield services company’s stock worth $239,000 after buying an additional 454 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Halliburton by 18.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 71,206 shares of the oilfield services company’s stock valued at $2,040,000 after buying an additional 11,276 shares during the last quarter. Finally, PFG Investments LLC purchased a new position in shares of Halliburton in the third quarter worth about $282,000. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Halliburton Price Performance

Halliburton stock opened at $26.76 on Tuesday. The company has a current ratio of 2.05, a quick ratio of 1.54 and a debt-to-equity ratio of 0.68. The company has a fifty day simple moving average of $27.04 and a 200-day simple moving average of $28.87. The stock has a market cap of $23.23 billion, a P/E ratio of 9.45, a price-to-earnings-growth ratio of 3.79 and a beta of 1.89. Halliburton has a 12-month low of $25.16 and a 12-month high of $41.56.

Halliburton Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.68 annualized dividend and a dividend yield of 2.54%. Halliburton’s dividend payout ratio is presently 24.03%.

Analyst Upgrades and Downgrades

A number of analysts have commented on HAL shares. Barclays cut their price objective on shares of Halliburton from $32.00 to $30.00 and set an “equal weight” rating for the company in a report on Thursday, January 23rd. Evercore ISI reduced their price objective 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 lowered their price objective on Halliburton from $43.00 to $41.00 and set a “buy” rating on the stock in a research note on Friday, January 3rd. Benchmark cut their target price on Halliburton from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. Finally, Piper Sandler started coverage on shares of Halliburton in a research report on Thursday, December 19th. They set an “overweight” rating and a $36.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, Halliburton presently has a consensus rating of “Moderate Buy” and an average price target of $37.42.

Insider Activity

In related news, CFO Eric Carre sold 141,206 shares of the firm’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 transaction of $3,689,712.78. Following the transaction, the chief financial officer now owns 127,101 shares in the company, valued at $3,321,149.13. This trade represents a 52.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.61% of the company’s stock.

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.