Meeder Advisory Services Inc. Sells 974 Shares of Halliburton (NYSE:HAL)

Meeder Advisory Services Inc. reduced its stake in shares of Halliburton (NYSE:HAL) by 4.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,530 shares of the oilfield services company’s stock after selling 974 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Halliburton were worth $640,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of HAL. Captrust Financial Advisors raised its holdings in Halliburton by 9.4% in the third quarter. Captrust Financial Advisors now owns 43,434 shares of the oilfield services company’s stock worth $1,262,000 after purchasing an additional 3,721 shares during the period. Benjamin Edwards Inc. raised its stake in Halliburton by 45.0% during the 3rd quarter. Benjamin Edwards Inc. now owns 10,677 shares of the oilfield services company’s stock worth $310,000 after buying an additional 3,315 shares during the period. Holocene Advisors LP acquired a new position in Halliburton in the third quarter valued at about $3,115,000. Hilltop Holdings Inc. increased its holdings in shares of Halliburton by 70.5% in the third quarter. Hilltop Holdings Inc. now owns 10,156 shares of the oilfield services company’s stock worth $295,000 after acquiring an additional 4,201 shares in the last quarter. Finally, HighTower Advisors LLC raised its position in shares of Halliburton by 60.7% during the third quarter. HighTower Advisors LLC now owns 671,942 shares of the oilfield services company’s stock worth $19,449,000 after purchasing an additional 253,867 shares during the period. 85.23% of the stock is owned by institutional investors.

Insider Transactions at Halliburton

In other news, Director Margaret Katherine Banks sold 3,900 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $24.04, for a total value of $93,756.00. Following the completion of the sale, the director now owns 10,551 shares of the company’s stock, valued at approximately $253,646.04. The trade was a 26.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Timothy Mckeon sold 10,497 shares of the firm’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $24.60, for a total transaction of $258,226.20. Following the transaction, the vice president now directly owns 77,784 shares in the company, valued at approximately $1,913,486.40. This represents a 11.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 206,782 shares of company stock worth $5,321,170 over the last quarter. Company insiders own 0.61% of the company’s stock.

Halliburton Price Performance

NYSE:HAL opened at $22.36 on Friday. The firm’s fifty day moving average price is $25.64 and its two-hundred day moving average price is $27.86. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 1.54. The company has a market cap of $19.41 billion, a P/E ratio of 7.90, a P/E/G ratio of 3.79 and a beta of 1.45. Halliburton has a one year low of $21.70 and a one year high of $41.56.

Halliburton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were given a dividend of $0.17 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.68 annualized dividend and a yield of 3.04%. Halliburton’s dividend payout ratio (DPR) is presently 24.03%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Piper Sandler started coverage on Halliburton in a research report on Thursday, December 19th. They issued an “overweight” rating and a $36.00 price objective for the company. Wells Fargo & Company lowered their price objective on shares of Halliburton from $39.00 to $34.00 and set an “overweight” rating for the company in a research report on Tuesday, December 17th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $34.00 price objective on shares of Halliburton in a research report on Thursday, January 23rd. Evercore ISI lowered their target price on Halliburton from $43.00 to $35.00 and set an “outperform” rating for the company in a report on Wednesday, January 15th. Finally, Benchmark cut their price target on Halliburton from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, Halliburton presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.37.

Halliburton Company 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.