Halliburton (NYSE:HAL) Shares Acquired by AllSquare Wealth Management LLC

AllSquare Wealth Management LLC lifted its stake in shares of Halliburton (NYSE:HAL) by 37.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 3,700 shares of the oilfield services company’s stock after acquiring an additional 1,000 shares during the quarter. AllSquare Wealth Management LLC’s holdings in Halliburton were worth $101,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Sierra Ocean LLC purchased a new stake in Halliburton in the fourth quarter valued at $36,000. Continuum Advisory LLC increased its position in Halliburton by 101.2% during the third quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company’s stock worth $42,000 after buying an additional 698 shares during the period. Modus Advisors LLC acquired a new position in shares of Halliburton in the 4th quarter valued at $38,000. Blume Capital Management Inc. boosted its stake in shares of Halliburton by 33.3% during the fourth quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company’s stock worth $44,000 after buying an additional 400 shares during the period. Finally, Brown Brothers Harriman & Co. grew its holdings 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 worth $51,000 after buying an additional 393 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on HAL shares. Evercore ISI decreased their price objective on Halliburton from $43.00 to $35.00 and set an “outperform” rating for the company in a research report on Wednesday, January 15th. Griffin Securities cut shares of Halliburton from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Jefferies Financial Group reduced their price target on Halliburton from $43.00 to $41.00 and set a “buy” rating for the company in a report on Friday, January 3rd. Barclays reduced their target price on Halliburton from $32.00 to $30.00 and set an “equal weight” rating for the company in a report on Thursday, January 23rd. Finally, 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 target for the company. 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 MarketBeat, Halliburton currently has a consensus rating of “Moderate Buy” and an average target price of $37.42.

Insider Activity at Halliburton

In related news, CFO Eric Carre sold 141,206 shares of the company’s stock in a transaction on 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 completion of the transaction, the chief financial officer now directly 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Margaret Katherine Banks sold 3,900 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The stock was 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 directly owns 10,551 shares in the company, valued at approximately $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. 0.61% of the stock is owned by insiders.

Halliburton Price Performance

Shares of NYSE:HAL opened at $24.99 on Friday. 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 business’s fifty day moving average price is $26.37 and its two-hundred day moving average price is $28.12. The stock has a market cap of $21.70 billion, a PE ratio of 8.83, a price-to-earnings-growth ratio of 3.79 and a beta of 1.84. Halliburton has a one year low of $23.42 and a one year high of $41.56.

Halliburton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date is Wednesday, March 5th. Halliburton’s dividend 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.