Rothschild Investment LLC Has $237,000 Stock Position in Halliburton (NYSE:HAL)

Rothschild Investment LLC reduced its holdings in Halliburton (NYSE:HAL) by 7.9% in the 4th quarter, HoldingsChannel reports. The fund owned 8,715 shares of the oilfield services company’s stock after selling 743 shares during the period. Rothschild Investment LLC’s holdings in Halliburton were worth $237,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. increased its stake in shares of Halliburton by 1,227.7% in the third quarter. Assenagon Asset Management S.A. now owns 300,452 shares of the oilfield services company’s stock valued at $8,728,000 after buying an additional 277,823 shares during the period. Allworth Financial LP increased its position in Halliburton by 5.9% during the 3rd quarter. Allworth Financial LP now owns 8,212 shares of the oilfield services company’s stock valued at $239,000 after purchasing an additional 454 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in Halliburton by 18.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 71,206 shares of the oilfield services company’s stock valued at $2,040,000 after purchasing an additional 11,276 shares during the period. PFG Investments LLC acquired a new stake in Halliburton during the 3rd quarter valued at approximately $282,000. Finally, Wealth Enhancement Advisory Services LLC increased its position in Halliburton by 13.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 101,179 shares of the oilfield services company’s stock valued at $2,939,000 after purchasing an additional 12,067 shares during the period. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Halliburton Stock Performance

NYSE:HAL opened at $26.25 on Wednesday. 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 fifty-two week low of $25.16 and a fifty-two week high of $41.56. The business has a 50 day moving average price of $27.02 and a 200-day moving average price of $28.83. The firm has a market cap of $22.78 billion, a PE ratio of 9.27, a price-to-earnings-growth ratio of 3.79 and a beta of 1.89.

Halliburton Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.59%. The ex-dividend date is Wednesday, March 5th. Halliburton’s payout ratio is 24.03%.

Insider Buying and Selling at Halliburton

In related news, CFO Eric Carre sold 141,206 shares of the business’s 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 transaction, the chief financial officer now owns 127,101 shares in the company, valued at $3,321,149.13. The trade was a 52.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on HAL shares. Evercore ISI decreased their price objective on shares of Halliburton from $43.00 to $35.00 and set an “outperform” rating for the company in a research report on Wednesday, January 15th. Wells Fargo & Company decreased their price target on Halliburton from $39.00 to $34.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Morgan Stanley decreased their price target on Halliburton from $35.00 to $34.00 and set an “overweight” rating for the company in a report on Monday, November 18th. Stifel Nicolaus decreased their target price on Halliburton from $42.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $34.00 target price on shares of Halliburton in a research note on Thursday, January 23rd. Seven equities research 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.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $37.42.

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.