Titleist Asset Management LLC Has $1.83 Million Stock Position in Halliburton (NYSE:HAL)

Titleist Asset Management LLC lessened its stake in Halliburton (NYSE:HAL) by 47.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 67,370 shares of the oilfield services company’s stock after selling 60,417 shares during the quarter. Titleist Asset Management LLC’s holdings in Halliburton were worth $1,832,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in HAL. Captrust Financial Advisors increased its holdings in Halliburton by 9.4% during the 3rd 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 in the last quarter. Benjamin Edwards Inc. raised its position in Halliburton by 45.0% in the 3rd quarter. Benjamin Edwards Inc. now owns 10,677 shares of the oilfield services company’s stock valued at $310,000 after buying an additional 3,315 shares during the last quarter. Hilltop Holdings Inc. lifted its stake in Halliburton by 70.5% in the 3rd quarter. Hilltop Holdings Inc. now owns 10,156 shares of the oilfield services company’s stock valued at $295,000 after acquiring an additional 4,201 shares in the last quarter. HighTower Advisors LLC boosted its position in Halliburton by 60.7% during the 3rd quarter. HighTower Advisors LLC now owns 671,942 shares of the oilfield services company’s stock worth $19,449,000 after acquiring an additional 253,867 shares during the last quarter. Finally, Integrated Wealth Concepts LLC grew its stake in shares of Halliburton by 52.9% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 84,191 shares of the oilfield services company’s stock worth $2,446,000 after acquiring an additional 29,146 shares in the last quarter. Institutional investors own 85.23% of the company’s stock.

Wall Street Analyst Weigh In

HAL has been the topic of a number of research reports. UBS Group lowered shares of Halliburton from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $36.00 to $34.00 in a research report on Monday, December 9th. Piper Sandler began coverage on Halliburton in a research report on Thursday, December 19th. They issued an “overweight” rating and a $36.00 target price on the stock. Royal Bank of Canada reissued a “sector perform” rating and set a $34.00 price target on shares of Halliburton in a research report on Thursday, January 23rd. Raymond James lowered Halliburton from a “strong-buy” rating to a “market perform” rating in a research report on Monday, January 6th. Finally, Wells Fargo & Company cut their price objective on Halliburton from $39.00 to $34.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, Halliburton presently has a consensus rating of “Moderate Buy” and an average price target of $37.37.

Insider Transactions at Halliburton

In related news, Director Margaret Katherine Banks sold 3,900 shares of the company’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 transaction, the director now directly owns 10,551 shares in the company, valued at approximately $253,646.04. This represents a 26.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Eric Carre sold 141,206 shares of Halliburton stock in a transaction dated 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 trade represents a 52.63 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 206,782 shares of company stock worth $5,321,170. Company insiders own 0.61% of the company’s stock.

Halliburton Stock Down 11.0 %

Shares of HAL opened at $19.93 on Friday. The firm has a market cap of $17.30 billion, a P/E ratio of 7.04, a price-to-earnings-growth ratio of 3.79 and a beta of 1.45. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05. Halliburton has a 52 week low of $19.59 and a 52 week high of $41.56. The firm’s 50-day simple moving average is $25.49 and its 200 day simple moving average is $27.79.

Halliburton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 3.41%. The ex-dividend date was 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.