Atlantic Union Bankshares Corp Has $266,000 Stock Holdings in Halliburton (NYSE:HAL)

Atlantic Union Bankshares Corp lessened its holdings in shares of Halliburton (NYSE:HAL) by 21.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 9,772 shares of the oilfield services company’s stock after selling 2,630 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Halliburton were worth $266,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Amundi grew its holdings in shares of Halliburton by 22.2% in the 4th quarter. Amundi now owns 13,068,025 shares of the oilfield services company’s stock valued at $353,242,000 after buying an additional 2,378,043 shares during the period. Larson Financial Group LLC grew its holdings in shares of Halliburton by 30.8% in the 4th quarter. Larson Financial Group LLC now owns 80,661 shares of the oilfield services company’s stock valued at $2,193,000 after buying an additional 18,975 shares during the period. AMF Tjanstepension AB grew its holdings in shares of Halliburton by 75.4% in the 4th quarter. AMF Tjanstepension AB now owns 649,087 shares of the oilfield services company’s stock valued at $17,658,000 after buying an additional 278,963 shares during the period. Generali Investments CEE investicni spolecnost a.s. acquired a new position in shares of Halliburton in the 4th quarter valued at $1,221,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Halliburton by 0.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 748,039 shares of the oilfield services company’s stock valued at $20,339,000 after buying an additional 5,705 shares during the period. Institutional investors and hedge funds own 85.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Stifel Nicolaus decreased their price target on shares of Halliburton from $42.00 to $37.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Piper Sandler initiated coverage on shares of Halliburton in a research note on Thursday, December 19th. They issued an “overweight” rating and a $36.00 target price for the company. JPMorgan Chase & Co. reduced their target price on shares of Halliburton from $35.00 to $33.00 and set an “overweight” rating for the company in a research note on Thursday, January 2nd. Raymond James lowered shares of Halliburton from a “strong-buy” rating to a “market perform” rating in a research note on Monday, January 6th. Finally, Wells Fargo & Company reduced their target price on shares of Halliburton from $39.00 to $34.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Halliburton currently has an average rating of “Moderate Buy” and an average target price of $37.42.

Halliburton Trading Up 2.3 %

Shares of NYSE:HAL opened at $25.00 on Friday. The company’s 50-day moving average price is $26.81 and its two-hundred day moving average price is $28.51. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 1.54. Halliburton has a one year low of $23.42 and a one year high of $41.56. The stock has a market capitalization of $21.70 billion, a PE ratio of 8.83, a price-to-earnings-growth ratio of 3.79 and a beta of 1.84.

Halliburton Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.72%. Halliburton’s payout ratio is 24.03%.

Insider Activity

In other news, CFO Eric Carre sold 141,206 shares of the company’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $26.13, for a total value of $3,689,712.78. Following the sale, the chief financial officer now directly owns 127,101 shares of the company’s stock, valued at approximately $3,321,149.13. This represents a 52.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Margaret Katherine Banks sold 3,900 shares of the company’s stock in a transaction dated 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 sale, the director now directly owns 10,551 shares in the company, valued at approximately $253,646.04. The trade was a 26.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.61% of the stock is owned by insiders.

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.