Sentry Investment Management LLC Has $100,000 Holdings in Halliburton (NYSE:HAL)

Sentry Investment Management LLC cut its holdings in shares of Halliburton (NYSE:HAL) by 14.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,684 shares of the oilfield services company’s stock after selling 600 shares during the quarter. Sentry Investment Management LLC’s holdings in Halliburton were worth $100,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of HAL. Allworth Financial LP lifted its holdings in shares of Halliburton by 5.9% during the third quarter. Allworth Financial LP now owns 8,212 shares of the oilfield services company’s stock worth $239,000 after buying an additional 454 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Halliburton by 18.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 71,206 shares of the oilfield services company’s stock worth $2,040,000 after purchasing an additional 11,276 shares during the period. PFG Investments LLC acquired a new stake in Halliburton during the third quarter worth $282,000. Wealth Enhancement Advisory Services LLC boosted its stake in Halliburton by 13.5% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 101,179 shares of the oilfield services company’s stock worth $2,939,000 after buying an additional 12,067 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its stake in Halliburton by 1.0% during the third quarter. DekaBank Deutsche Girozentrale now owns 324,735 shares of the oilfield services company’s stock worth $9,325,000 after buying an additional 3,110 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Eric Carre sold 141,206 shares of the 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 sale, 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 Securities & Exchange Commission, which is available through this link. 0.61% of the stock is owned by insiders.

Halliburton Price Performance

Shares of Halliburton stock opened at $25.90 on Thursday. Halliburton has a 1-year low of $25.16 and a 1-year high of $41.56. The company has a current ratio of 2.05, a quick ratio of 1.54 and a debt-to-equity ratio of 0.68. The firm’s 50-day moving average price is $27.01 and its two-hundred day moving average price is $28.81. The stock has a market capitalization of $22.48 billion, a price-to-earnings ratio of 9.15, a P/E/G ratio of 3.79 and a beta of 1.89.

Halliburton Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be paid a dividend of $0.17 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.68 annualized dividend and a dividend yield of 2.63%. Halliburton’s dividend payout ratio (DPR) is currently 24.03%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on HAL. Barclays decreased their target price on shares of Halliburton from $32.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 23rd. Evercore ISI lowered their target price on shares of Halliburton from $43.00 to $35.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 15th. Benchmark lowered their target price on shares of Halliburton from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. Susquehanna lowered their target price on shares of Halliburton from $42.00 to $40.00 and set a “positive” rating on the stock in a research note on Friday, November 8th. Finally, Morgan Stanley lowered their target price on shares of Halliburton from $35.00 to $34.00 and set an “overweight” rating on the stock in a research note 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 stock presently has an average rating of “Moderate Buy” and an average 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.