Halliburton (NYSE:HAL) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its holdings in Halliburton (NYSE:HAL) by 4.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 119,768 shares of the oilfield services company’s stock after selling 5,963 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Halliburton were worth $4,330,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Graphene Investments SAS raised its position in Halliburton by 10.7% in the fourth quarter. Graphene Investments SAS now owns 77,600 shares of the oilfield services company’s stock worth $2,805,000 after acquiring an additional 7,500 shares in the last quarter. Toth Financial Advisory Corp raised its position in Halliburton by 4.1% in the fourth quarter. Toth Financial Advisory Corp now owns 25,233 shares of the oilfield services company’s stock worth $912,000 after acquiring an additional 1,000 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in Halliburton by 83.1% in the fourth quarter. Sequoia Financial Advisors LLC now owns 20,489 shares of the oilfield services company’s stock worth $741,000 after acquiring an additional 9,300 shares in the last quarter. Fortem Financial Group LLC raised its position in Halliburton by 5.8% in the fourth quarter. Fortem Financial Group LLC now owns 9,100 shares of the oilfield services company’s stock worth $329,000 after acquiring an additional 500 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new stake in Halliburton in the fourth quarter worth about $5,166,000. 85.23% of the stock is currently owned by institutional investors.

Insider Activity at Halliburton

In other Halliburton news, CEO Jeffrey Allen Miller sold 377,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $35.30, for a total transaction of $13,308,100.00. Following the completion of the sale, the chief executive officer now owns 759,015 shares of the company’s stock, valued at $26,793,229.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Halliburton news, Director Margaret Katherine Banks sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $35.30, for a total transaction of $176,500.00. Following the completion of the sale, the director now owns 9,625 shares of the company’s stock, valued at $339,762.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey Allen Miller sold 377,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $35.30, for a total value of $13,308,100.00. Following the sale, the chief executive officer now directly owns 759,015 shares of the company’s stock, valued at approximately $26,793,229.50. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by company insiders.

Halliburton Trading Down 1.4 %

Shares of NYSE HAL opened at $39.10 on Tuesday. The stock has a market cap of $34.66 billion, a price-to-earnings ratio of 13.34, a PEG ratio of 0.99 and a beta of 2.00. The business has a 50 day simple moving average of $37.18 and a 200 day simple moving average of $37.42. Halliburton has a 52 week low of $27.84 and a 52 week high of $43.85. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.48 and a current ratio of 2.06.

Halliburton (NYSE:HAL) last announced its quarterly earnings results on Tuesday, January 23rd. The oilfield services company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.80 by $0.06. The business had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.78 billion. Halliburton had a return on equity of 31.59% and a net margin of 11.46%. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.72 EPS. On average, research analysts predict that Halliburton will post 3.42 earnings per share for the current fiscal year.

Halliburton Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were paid a $0.17 dividend. This is a boost from Halliburton’s previous quarterly dividend of $0.16. The ex-dividend date was Tuesday, March 5th. This represents a $0.68 annualized dividend and a dividend yield of 1.74%. Halliburton’s payout ratio is presently 23.21%.

Analysts Set New Price Targets

HAL has been the topic of several research reports. TD Cowen boosted their price target on shares of Halliburton from $49.00 to $51.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. StockNews.com downgraded Halliburton from a “buy” rating to a “hold” rating in a report on Sunday. Barclays cut their price objective on Halliburton from $55.00 to $54.00 and set an “overweight” rating on the stock in a report on Wednesday, January 24th. Susquehanna restated a “positive” rating and set a $49.00 price objective on shares of Halliburton in a report on Monday, April 8th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $45.00 price objective on shares of Halliburton in a report on Wednesday, January 24th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $48.53.

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.