B. Metzler seel. Sohn & Co. AG Sells 19,333 Shares of Halliburton (NYSE:HAL)

B. Metzler seel. Sohn & Co. AG lowered its stake in shares of Halliburton (NYSE:HAL) by 9.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 195,919 shares of the oilfield services company’s stock after selling 19,333 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Halliburton were worth $5,323,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. D.A. Davidson & CO. lifted its stake in Halliburton by 5.0% during the third quarter. D.A. Davidson & CO. now owns 26,643 shares of the oilfield services company’s stock worth $774,000 after purchasing an additional 1,274 shares during the last quarter. Townsquare Capital LLC raised its holdings in shares of Halliburton by 10.1% during the 3rd quarter. Townsquare Capital LLC now owns 28,350 shares of the oilfield services company’s stock valued at $824,000 after buying an additional 2,610 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Halliburton in the 3rd quarter worth approximately $1,461,000. Public Sector Pension Investment Board boosted its stake in Halliburton by 0.3% in 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 in the last quarter. Finally, Hantz Financial Services Inc. purchased a new stake in Halliburton in the third quarter worth approximately $195,000. 85.23% of the stock is owned by institutional investors.

Insider Transactions at Halliburton

In other Halliburton news, CFO Eric Carre sold 141,206 shares of the company’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $26.13, for a total value of $3,689,712.78. Following the sale, the chief financial officer now owns 127,101 shares in the company, valued at approximately $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 can be accessed through this link. Also, Director Margaret Katherine Banks sold 3,900 shares of Halliburton stock in a transaction that occurred on 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 owns 10,551 shares of the company’s stock, valued at $253,646.04. The trade was a 26.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 206,782 shares of company stock valued at $5,321,170. Corporate insiders own 0.61% of the company’s stock.

Halliburton Trading Up 1.2 %

NYSE:HAL opened at $25.37 on Tuesday. The company has a 50-day moving average price of $25.89 and a 200-day moving average price of $27.93. The stock has a market cap of $22.03 billion, a price-to-earnings ratio of 8.97, a P/E/G ratio of 3.79 and a beta of 1.84. The company has a current ratio of 2.05, a quick ratio of 1.54 and a debt-to-equity ratio of 0.68. Halliburton has a 12 month low of $23.42 and a 12 month high of $41.56.

Halliburton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were issued a dividend of $0.17 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.68%. Halliburton’s dividend payout ratio (DPR) is 24.03%.

Wall Street Analysts Forecast Growth

HAL has been the subject of a number of recent research reports. Piper Sandler began coverage on shares of Halliburton in a report on Thursday, December 19th. They issued an “overweight” rating and a $36.00 price objective for the company. Jefferies Financial Group decreased their target price on shares of Halliburton from $43.00 to $41.00 and set a “buy” rating on the stock in a research report on Friday, January 3rd. Stifel Nicolaus cut their price target on shares of Halliburton from $42.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Griffin Securities cut Halliburton from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Finally, Wells Fargo & Company lowered their target price on Halliburton from $39.00 to $34.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. Seven 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, the company has a consensus rating of “Moderate Buy” and a consensus price target of $37.37.

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.