Fisher Asset Management LLC Has $13.45 Million Holdings in Halliburton (NYSE:HAL)

Fisher Asset Management LLC cut its holdings in shares of Halliburton (NYSE:HAL) by 2.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 494,680 shares of the oilfield services company’s stock after selling 14,209 shares during the quarter. Fisher Asset Management LLC’s holdings in Halliburton were worth $13,450,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the business. MidWestOne Financial Group Inc. lifted its holdings in shares of Halliburton by 4.4% during the third quarter. MidWestOne Financial Group Inc. now owns 8,610 shares of the oilfield services company’s stock worth $250,000 after buying an additional 359 shares during the last quarter. Public Sector Pension Investment Board lifted its holdings in shares of Halliburton by 0.3% during the third quarter. Public Sector Pension Investment Board now owns 154,210 shares of the oilfield services company’s stock worth $4,480,000 after buying an additional 390 shares during the last quarter. Brown Brothers Harriman & Co. increased its position 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 purchasing an additional 393 shares during the period. HBW Advisory Services LLC increased its position in shares of Halliburton by 3.9% during the fourth quarter. HBW Advisory Services LLC now owns 10,504 shares of the oilfield services company’s stock valued at $286,000 after purchasing an additional 397 shares during the period. Finally, Venturi Wealth Management LLC increased its position 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 purchasing an additional 412 shares during the period. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HAL. Susquehanna lowered their price objective on Halliburton from $42.00 to $40.00 and set a “positive” rating on the stock in a research report on Friday, November 8th. Griffin Securities cut Halliburton from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. JPMorgan Chase & Co. lowered their price objective on Halliburton from $35.00 to $33.00 and set an “overweight” rating on the stock in a research report on Thursday, January 2nd. Barclays lowered their price objective on Halliburton from $32.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 23rd. Finally, Evercore ISI lowered their price objective on Halliburton from $43.00 to $35.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 15th. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $37.42.

Insider Transactions at Halliburton

In related news, CFO Eric Carre sold 141,206 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $26.13, for a total value of $3,689,712.78. Following the transaction, the chief financial officer now owns 127,101 shares in the company, valued at $3,321,149.13. This trade represents a 52.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.61% of the company’s stock.

Halliburton Price Performance

Shares of HAL stock opened at $24.98 on Tuesday. The stock’s fifty day moving average is $27.00 and its 200-day moving average is $28.68. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05. The stock has a market capitalization of $21.68 billion, a PE ratio of 8.83, a PEG ratio of 3.79 and a beta of 1.89. Halliburton has a 52 week low of $24.75 and a 52 week high of $41.56.

Halliburton Announces Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend is Wednesday, March 5th. Halliburton’s payout ratio is presently 24.03%.

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.