Keybank National Association OH Sells 6,517 Shares of Halliburton (NYSE:HAL)

Keybank National Association OH cut its holdings in Halliburton (NYSE:HAL) by 40.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,711 shares of the oilfield services company’s stock after selling 6,517 shares during the period. Keybank National Association OH’s holdings in Halliburton were worth $264,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Geode Capital Management LLC increased its holdings in shares of 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 buying an additional 172,505 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of Halliburton by 10.4% in the 4th quarter. Pacer Advisors Inc. now owns 18,530,937 shares of the oilfield services company’s stock worth $503,856,000 after buying an additional 1,748,763 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Halliburton by 2.1% in the 3rd 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 last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Halliburton by 22.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 5,520,383 shares of the oilfield services company’s stock worth $160,367,000 after buying an additional 995,649 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Halliburton by 3.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,435,299 shares of the oilfield services company’s stock worth $147,786,000 after buying an additional 187,150 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors.

Halliburton Price Performance

Shares of HAL opened at $24.64 on Wednesday. The company has a 50 day moving average price of $26.72 and a 200-day moving average price of $28.39. Halliburton has a fifty-two week low of $23.42 and a fifty-two week high of $41.56. The stock has a market capitalization of $21.39 billion, a PE ratio of 8.71, a PEG 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.

Halliburton Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be given a $0.17 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $0.68 annualized dividend and a dividend yield of 2.76%. Halliburton’s payout ratio is presently 24.03%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Piper Sandler assumed coverage on shares of Halliburton in a report on Thursday, December 19th. They issued an “overweight” rating and a $36.00 target price on the stock. UBS Group cut shares of Halliburton from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $36.00 to $34.00 in a research note on Monday, December 9th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $34.00 price target on shares of Halliburton in a research note on Thursday, January 23rd. Stifel Nicolaus dropped their price target on shares of Halliburton from $42.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. 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 investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $37.42.

Insider Transactions at Halliburton

In related news, Director Margaret Katherine Banks sold 3,900 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $24.04, for a total transaction of $93,756.00. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Eric Carre sold 141,206 shares of the business’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 of the company’s stock, valued at approximately $3,321,149.13. This trade represents a 52.63 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 155,603 shares of company stock valued at $4,041,695. Company insiders own 0.61% of the company’s stock.

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.