Moors & Cabot Inc. Sells 1,297 Shares of Halliburton (NYSE:HAL)

Moors & Cabot Inc. lessened its stake in shares of Halliburton (NYSE:HAL) by 2.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 59,935 shares of the oilfield services company’s stock after selling 1,297 shares during the period. Moors & Cabot Inc.’s holdings in Halliburton were worth $1,630,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of HAL. Sierra Ocean LLC bought a new stake in shares of Halliburton during the fourth quarter valued at approximately $36,000. Modus Advisors LLC bought a new stake in shares of Halliburton during the fourth quarter valued at approximately $38,000. Continuum Advisory LLC raised 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 valued at $42,000 after acquiring an additional 698 shares in the last quarter. Venturi Wealth Management LLC raised its stake in shares of Halliburton by 34.2% during the third 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 in the last quarter. 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 in the last quarter. Institutional investors own 85.23% of the company’s stock.

Insider Activity

In other Halliburton news, CFO Eric Carre sold 141,206 shares of the company’s stock in a transaction on 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Margaret Katherine Banks sold 3,900 shares of the company’s stock in a transaction 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 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. Insiders have sold 155,603 shares of company stock valued at $4,041,695 over the last ninety days. 0.61% of the stock is currently owned by insiders.

Halliburton Price Performance

NYSE HAL opened at $24.72 on Thursday. The firm has a market capitalization of $21.46 billion, a P/E ratio of 8.73, a P/E/G ratio of 3.79 and a beta of 1.84. The company has a current ratio of 2.05, a quick ratio of 1.54 and a debt-to-equity ratio of 0.68. Halliburton has a 12-month low of $23.42 and a 12-month high of $41.56. The firm’s fifty day simple moving average is $26.67 and its two-hundred day simple moving average is $28.37.

Halliburton Announces Dividend

The business also recently disclosed 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 2.75%. The ex-dividend date of this dividend is Wednesday, March 5th. Halliburton’s dividend payout ratio (DPR) is presently 24.03%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HAL. UBS Group downgraded shares of Halliburton from a “buy” rating to a “neutral” rating and decreased their price target for the company from $36.00 to $34.00 in a research note on Monday, December 9th. Wells Fargo & Company reduced their price objective 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. Raymond James downgraded shares of Halliburton from a “strong-buy” rating to a “market perform” rating in a research note on Monday, January 6th. Evercore ISI reduced their price objective on shares of Halliburton from $43.00 to $35.00 and set an “outperform” rating for the company in a research note on Wednesday, January 15th. Finally, Benchmark reduced their price objective on shares of Halliburton from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.42.

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.