Choreo LLC Has $368,000 Position in Halliburton (NYSE:HAL)

Choreo LLC lowered its holdings in Halliburton (NYSE:HAL) by 26.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,642 shares of the oilfield services company’s stock after selling 4,826 shares during the period. Choreo LLC’s holdings in Halliburton were worth $368,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Continuum Advisory LLC lifted its holdings in shares of Halliburton by 101.2% in the third quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company’s stock worth $42,000 after acquiring an additional 698 shares during the last quarter. Modus Advisors LLC bought a new stake in Halliburton during the 4th quarter worth approximately $38,000. ORG Wealth Partners LLC acquired a new position in Halliburton in the 3rd quarter valued at approximately $44,000. Venturi Wealth Management LLC increased its position in Halliburton by 34.2% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock valued at $47,000 after acquiring an additional 412 shares during the period. Finally, Brown Brothers Harriman & Co. raised its stake in shares of Halliburton by 28.8% during the third quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company’s stock valued at $51,000 after acquiring an additional 393 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors.

Halliburton Trading Down 1.9 %

NYSE:HAL opened at $25.98 on Thursday. Halliburton has a one year low of $25.16 and a one year high of $41.56. 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 cap of $22.82 billion, a P/E ratio of 9.18, a P/E/G ratio of 3.53 and a beta of 1.89. The firm has a 50-day simple moving average of $27.52 and a 200-day simple moving average of $29.24.

Halliburton Announces Dividend

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 $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.62%. Halliburton’s dividend payout ratio is currently 24.03%.

Analyst Ratings Changes

A number of analysts recently weighed in on HAL shares. Stifel Nicolaus decreased their price objective on Halliburton from $42.00 to $37.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Barclays reduced their price target on Halliburton from $32.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 23rd. Royal Bank of Canada restated a “sector perform” rating and set a $34.00 price objective on shares of Halliburton in a research report on Thursday, January 23rd. Evercore ISI reduced their target price on Halliburton from $43.00 to $35.00 and set an “outperform” rating on the stock in a report on Wednesday, January 15th. Finally, Morgan Stanley lowered their price target on shares of Halliburton from $35.00 to $34.00 and set an “overweight” rating for the company in a report on Monday, November 18th. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $37.42.

Insider Activity

In related news, CFO Eric Carre sold 141,206 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The shares were 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 in the company, valued at $3,321,149.13. The trade was a 52.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.61% of the company’s stock.

Halliburton Company 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.