Atria Wealth Solutions Inc. Has $554,000 Holdings in Halliburton (NYSE:HAL)

Atria Wealth Solutions Inc. grew its position in Halliburton (NYSE:HAL) by 77.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,370 shares of the oilfield services company’s stock after buying an additional 8,874 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Halliburton were worth $554,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in HAL. Geode Capital Management LLC boosted its stake in Halliburton by 0.8% in 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 period. Pacer Advisors Inc. lifted its holdings in shares of 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 purchasing an additional 1,748,763 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of 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 worth $166,815,000 after buying an additional 115,504 shares during the period. Thrivent Financial for Lutherans grew its holdings in shares of Halliburton by 22.0% during the third quarter. Thrivent Financial for Lutherans now owns 5,520,383 shares of the oilfield services company’s stock valued at $160,367,000 after buying an additional 995,649 shares in the last quarter. Finally, Van ECK Associates Corp raised its position in Halliburton by 31.3% during the fourth quarter. Van ECK Associates Corp now owns 5,100,693 shares of the oilfield services company’s stock valued at $138,688,000 after buying an additional 1,214,586 shares during the period. 85.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. decreased their price objective on Halliburton from $35.00 to $33.00 and set an “overweight” rating for the company in a research report on Thursday, January 2nd. Raymond James cut shares of Halliburton from a “strong-buy” rating to a “market perform” rating in a report on Monday, January 6th. Jefferies Financial Group dropped their price objective on shares of Halliburton from $43.00 to $41.00 and set a “buy” rating on the stock in a research note on Friday, January 3rd. Barclays decreased their target price on shares of Halliburton from $32.00 to $30.00 and set an “equal weight” rating for the company in a research note on Thursday, January 23rd. Finally, Evercore ISI dropped their price target on shares of Halliburton from $43.00 to $35.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 15th. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $37.42.

Insider Buying and Selling at Halliburton

In other 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 transaction of $3,689,712.78. Following the completion of the transaction, the chief financial officer now directly owns 127,101 shares in the company, valued at $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 the SEC website. Corporate insiders own 0.61% of the company’s stock.

Halliburton Price Performance

Shares of Halliburton stock opened at $25.90 on Thursday. 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 firm has a fifty day simple moving average of $27.01 and a 200-day simple moving average of $28.81. The stock has a market capitalization of $22.48 billion, a price-to-earnings ratio of 9.15, a PEG ratio of 3.79 and a beta of 1.89. Halliburton has a 1-year low of $25.16 and a 1-year high of $41.56.

Halliburton Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date is Wednesday, March 5th. Halliburton’s dividend payout ratio is 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.