Halliburton (NYSE:HAL) Shares Sold by Sentry Investment Management LLC

Sentry Investment Management LLC decreased its position in shares of Halliburton (NYSE:HAL) by 14.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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 SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. MidWestOne Financial Group Inc. raised its holdings in Halliburton by 4.4% during the 3rd 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 period. Public Sector Pension Investment Board raised its holdings in Halliburton by 0.3% during the 3rd 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 period. Brown Brothers Harriman & Co. raised its holdings in Halliburton by 28.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company’s stock worth $51,000 after buying an additional 393 shares during the period. HBW Advisory Services LLC raised its holdings in Halliburton by 3.9% during the 4th quarter. HBW Advisory Services LLC now owns 10,504 shares of the oilfield services company’s stock worth $286,000 after buying an additional 397 shares during the period. Finally, Venturi Wealth Management LLC raised its holdings in Halliburton by 34.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock worth $47,000 after buying an additional 412 shares during the period. Institutional investors and hedge funds own 85.23% of the company’s stock.

Insiders Place Their Bets

In other Halliburton news, CFO Eric Carre sold 141,206 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The stock was 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 of the company’s stock, valued at $3,321,149.13. This represents a 52.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on HAL shares. Jefferies Financial Group cut their price objective 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 downgraded Halliburton from a “strong-buy” rating to a “market perform” rating in a report on Monday, January 6th. Stifel Nicolaus dropped their target price on Halliburton from $42.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. Morgan Stanley dropped their target price on Halliburton from $35.00 to $34.00 and set an “overweight” rating on the stock in a report on Monday, November 18th. Finally, Piper Sandler began coverage on Halliburton in a report on Thursday, December 19th. They issued an “overweight” rating and a $36.00 target price on the stock. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Halliburton currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.42.

Halliburton Stock Down 1.3 %

Shares of Halliburton stock opened at $25.90 on Thursday. The stock has a market capitalization of $22.48 billion, a P/E ratio of 9.15, a PEG ratio of 3.79 and a beta of 1.89. The company has a quick ratio of 1.54, a current ratio of 2.05 and a debt-to-equity ratio of 0.68. The stock has a 50 day moving average price of $27.01 and a two-hundred day moving average price of $28.81. Halliburton has a 12-month low of $25.16 and a 12-month high of $41.56.

Halliburton Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be given a dividend of $0.17 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.68 dividend on an annualized basis and a yield of 2.63%. Halliburton’s payout ratio is currently 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.