Jones Financial Companies Lllp Has $670,000 Holdings in Halliburton (NYSE:HAL)

Jones Financial Companies Lllp grew its holdings in Halliburton (NYSE:HAL) by 64.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,659 shares of the oilfield services company’s stock after purchasing an additional 9,709 shares during the period. Jones Financial Companies Lllp’s holdings in Halliburton were worth $670,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Sierra Ocean LLC acquired a new position in Halliburton during the fourth quarter worth $36,000. Modus Advisors LLC acquired a new position in Halliburton during the fourth quarter worth $38,000. Continuum Advisory LLC increased its holdings in Halliburton by 101.2% during the third quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company’s stock worth $42,000 after buying an additional 698 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in Halliburton by 34.2% during the third quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock worth $47,000 after buying an additional 412 shares during the last quarter. Finally, Brown Brothers Harriman & Co. increased its holdings in Halliburton by 28.8% during the third quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company’s stock worth $51,000 after buying an additional 393 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Halliburton Trading Up 2.3 %

HAL opened at $25.00 on Monday. Halliburton has a twelve month low of $23.42 and a twelve month high of $41.56. The company has a 50-day simple moving average of $26.81 and a 200 day simple moving average of $28.49. 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 stock has a market capitalization of $21.70 billion, a price-to-earnings ratio of 8.83, a P/E/G ratio of 3.79 and a beta of 1.84.

Halliburton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors 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 yield of 2.72%. Halliburton’s dividend payout ratio is 24.03%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on HAL shares. Morgan Stanley lowered their target price on shares of Halliburton from $35.00 to $34.00 and set an “overweight” rating on the stock in a report on Monday, November 18th. Benchmark lowered their target price on shares of Halliburton from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. Raymond James downgraded shares of Halliburton from a “strong-buy” rating to a “market perform” rating in a report on Monday, January 6th. UBS Group cut shares of Halliburton from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $36.00 to $34.00 in a research report on Monday, December 9th. 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 objective for the company. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $37.42.

Insider Buying and Selling

In other Halliburton news, CFO Eric Carre sold 141,206 shares of the business’s stock in a transaction dated 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 of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Margaret Katherine Banks sold 3,900 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $24.04, for a total value of $93,756.00. Following the transaction, the director now directly owns 10,551 shares of the company’s stock, valued at approximately $253,646.04. The trade was a 26.99 % decrease in their position. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by company insiders.

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.