Xponance Inc. Sells 771 Shares of Halliburton (NYSE:HAL)

Xponance Inc. decreased its holdings in Halliburton (NYSE:HAL) by 0.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 120,043 shares of the oilfield services company’s stock after selling 771 shares during the period. Xponance Inc.’s holdings in Halliburton were worth $3,264,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HAL. OneDigital Investment Advisors LLC boosted its stake in Halliburton by 8.9% during the third quarter. OneDigital Investment Advisors LLC now owns 8,795 shares of the oilfield services company’s stock valued at $255,000 after buying an additional 717 shares during the last quarter. Pathstone Holdings LLC boosted its stake in Halliburton by 6.7% during the third quarter. Pathstone Holdings LLC now owns 144,675 shares of the oilfield services company’s stock valued at $4,203,000 after buying an additional 9,118 shares during the last quarter. Caprock Group LLC boosted its stake in Halliburton by 7.6% during the third quarter. Caprock Group LLC now owns 67,765 shares of the oilfield services company’s stock valued at $1,969,000 after buying an additional 4,807 shares during the last quarter. Banque Cantonale Vaudoise boosted its stake in Halliburton by 171.7% during the third quarter. Banque Cantonale Vaudoise now owns 30,852 shares of the oilfield services company’s stock valued at $896,000 after buying an additional 19,496 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in Halliburton by 1.1% during the third quarter. PNC Financial Services Group Inc. now owns 742,334 shares of the oilfield services company’s stock valued at $21,565,000 after buying an additional 8,405 shares during the last quarter. 85.23% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Halliburton news, Director Margaret Katherine Banks sold 3,900 shares of the 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 transaction, the director now directly owns 10,551 shares in the company, valued at $253,646.04. This represents a 26.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Eric Carre sold 141,206 shares of the firm’s 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 sale, the chief financial officer now owns 127,101 shares in the company, valued at $3,321,149.13. This represents a 52.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 206,782 shares of company stock worth $5,321,170 in the last three months. Corporate insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Benchmark dropped their price target on Halliburton from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. Barclays dropped their target price on Halliburton from $32.00 to $30.00 and set an “equal weight” rating for the company in a report on Thursday, January 23rd. Jefferies Financial Group decreased their price target on Halliburton from $43.00 to $41.00 and set a “buy” rating on the stock in a report on Friday, January 3rd. 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, Griffin Securities downgraded shares of Halliburton from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Halliburton has an average rating of “Moderate Buy” and an average price target of $37.42.

Halliburton Trading Down 0.3 %

HAL stock opened at $24.99 on Friday. 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 12 month low of $23.42 and a 12 month high of $41.56. The firm’s 50-day moving average is $26.37 and its 200 day moving average is $28.12. The company has a market capitalization of $21.70 billion, a PE ratio of 8.83, a P/E/G ratio of 3.79 and a beta of 1.84.

Halliburton Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.72%. The ex-dividend date of this dividend is Wednesday, March 5th. Halliburton’s payout ratio is 24.03%.

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.