Halliburton (NYSE:HAL) Shares Sold by Midland Wealth Advisors LLC

Midland Wealth Advisors LLC decreased its holdings in Halliburton (NYSE:HAL) by 10.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 14,478 shares of the oilfield services company’s stock after selling 1,633 shares during the quarter. Midland Wealth Advisors LLC’s holdings in Halliburton were worth $394,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Assetmark Inc. grew its stake in shares of Halliburton by 5.3% during the third quarter. Assetmark Inc. now owns 55,164 shares of the oilfield services company’s stock worth $1,603,000 after purchasing an additional 2,794 shares in the last quarter. Mesirow Financial Investment Management Inc. grew its stake in shares of Halliburton by 39.0% during the third quarter. Mesirow Financial Investment Management Inc. now owns 10,498 shares of the oilfield services company’s stock worth $305,000 after purchasing an additional 2,943 shares in the last quarter. Baker Avenue Asset Management LP grew its stake in shares of Halliburton by 16.5% during the third quarter. Baker Avenue Asset Management LP now owns 91,046 shares of the oilfield services company’s stock worth $2,645,000 after purchasing an additional 12,896 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in shares of Halliburton by 4.2% during the third quarter. Crossmark Global Holdings Inc. now owns 48,305 shares of the oilfield services company’s stock worth $1,404,000 after purchasing an additional 1,928 shares in the last quarter. Finally, United Capital Management of KS Inc. grew its stake in shares of Halliburton by 6.4% during the third quarter. United Capital Management of KS Inc. now owns 131,592 shares of the oilfield services company’s stock worth $3,823,000 after purchasing an additional 7,953 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Halliburton Price Performance

Shares of NYSE:HAL opened at $24.89 on Tuesday. The stock has a market capitalization of $21.60 billion, a price-to-earnings ratio of 8.79, a PEG ratio of 3.79 and a beta of 1.84. Halliburton has a one year low of $23.42 and a one year high of $41.56. The company has a 50-day simple moving average of $26.77 and a 200-day simple moving average of $28.44. 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be issued 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 2.73%. Halliburton’s dividend payout ratio is currently 24.03%.

Insider Buying and Selling

In related news, CFO Eric Carre sold 141,206 shares of the stock in a transaction dated 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 directly owns 127,101 shares of the company’s stock, valued at $3,321,149.13. This represents a 52.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Timothy Mckeon sold 10,497 shares of the stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $24.60, for a total transaction of $258,226.20. Following the transaction, the vice president now directly owns 77,784 shares of the company’s stock, valued at $1,913,486.40. This represents a 11.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 155,603 shares of company stock valued at $4,041,695 over the last ninety days. Corporate insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on HAL shares. Barclays lowered their target price on shares of Halliburton from $32.00 to $30.00 and set an “equal weight” rating for the company in a research note on Thursday, January 23rd. Royal Bank of Canada restated a “sector perform” rating and issued a $34.00 price objective on shares of Halliburton in a research note on Thursday, January 23rd. Piper Sandler began coverage on shares of Halliburton in a research note on Thursday, December 19th. They issued an “overweight” rating and a $36.00 price objective for the company. Morgan Stanley decreased their price objective on shares of Halliburton from $35.00 to $34.00 and set an “overweight” rating for the company in a research note on Monday, November 18th. Finally, Griffin Securities downgraded shares of Halliburton from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Halliburton has an average rating of “Moderate Buy” and an average price target of $37.42.

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.