150,198 Shares in Halliburton (NYSE:HAL) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new stake in Halliburton (NYSE:HAL) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 150,198 shares of the oilfield services company’s stock, valued at approximately $4,084,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Sierra Ocean LLC purchased a new position in shares of Halliburton during the 4th quarter valued at approximately $36,000. Modus Advisors LLC acquired a new stake in shares of Halliburton in the fourth quarter valued at about $38,000. Continuum Advisory LLC increased its stake in shares of 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 purchasing an additional 698 shares in the last quarter. Brown Brothers Harriman & Co. raised its position in shares of Halliburton by 28.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company’s stock worth $51,000 after purchasing an additional 393 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. purchased a new position in Halliburton in the 4th quarter valued at about $52,000. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on HAL shares. JPMorgan Chase & Co. cut their price objective on Halliburton from $35.00 to $33.00 and set an “overweight” rating for the company in a research note on Thursday, January 2nd. Piper Sandler assumed coverage on Halliburton in a research report on Thursday, December 19th. They set an “overweight” rating and a $36.00 price target for the company. Wells Fargo & Company decreased their price objective on Halliburton from $39.00 to $34.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. UBS Group cut shares of Halliburton from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $36.00 to $34.00 in a research note on Monday, December 9th. Finally, Griffin Securities cut shares of Halliburton from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $37.42.

Halliburton Trading Up 0.6 %

Shares of Halliburton stock opened at $25.23 on Tuesday. The stock has a 50 day moving average of $26.50 and a 200 day moving average of $28.21. 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 firm has a market capitalization of $21.90 billion, a price-to-earnings ratio of 8.91, a PEG ratio of 3.79 and a beta of 1.84. Halliburton has a fifty-two week low of $23.42 and a fifty-two week high of $41.56.

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 issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date is Wednesday, March 5th. Halliburton’s dividend payout ratio is presently 24.03%.

Insider Buying and Selling

In other news, VP Timothy Mckeon sold 10,497 shares of Halliburton stock in a transaction on Friday, March 7th. The stock was sold at an average price of $24.60, for a total value of $258,226.20. Following the completion of the sale, the vice president now directly owns 77,784 shares of the company’s stock, valued at approximately $1,913,486.40. The trade was a 11.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Margaret Katherine Banks sold 3,900 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $24.04, for a total value 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. This represents a 26.99 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 206,782 shares of company stock valued at $5,321,170. 0.61% of the stock is currently owned by 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.