Halliburton (NYSE:HAL) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its stake in Halliburton (NYSE:HAL - Free Report) by 13.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,997,323 shares of the oilfield services company's stock after selling 745,029 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.57% of Halliburton worth $135,877,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in HAL. Mediolanum International Funds Ltd raised its position in Halliburton by 48.2% in the fourth quarter. Mediolanum International Funds Ltd now owns 71,797 shares of the oilfield services company's stock valued at $1,931,000 after purchasing an additional 23,340 shares during the period. Sei Investments Co. grew its stake in shares of Halliburton by 18.2% in the fourth quarter. Sei Investments Co. now owns 278,934 shares of the oilfield services company's stock valued at $7,584,000 after buying an additional 42,876 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Halliburton by 3.7% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,257,250 shares of the oilfield services company's stock valued at $61,375,000 after buying an additional 80,567 shares during the period. Congress Asset Management Co. acquired a new position in Halliburton during the 4th quarter worth about $621,000. Finally, Massachusetts Wealth Management boosted its holdings in Halliburton by 180.9% during the 4th quarter. Massachusetts Wealth Management now owns 43,675 shares of the oilfield services company's stock valued at $1,188,000 after acquiring an additional 28,125 shares during the period. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Halliburton

In other Halliburton news, Director Margaret Katherine Banks sold 3,900 shares of Halliburton stock in a transaction that occurred on Tuesday, March 4th. The stock was 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 trade represents a 26.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Timothy Mckeon sold 10,497 shares of the business's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $24.60, for a total value of $258,226.20. Following the completion of the transaction, the vice president now directly owns 77,784 shares in the company, valued at approximately $1,913,486.40. The trade was a 11.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 65,576 shares of company stock worth $1,631,457 in the last 90 days. 0.56% of the stock is owned by insiders.

Halliburton Stock Performance

NYSE HAL traded down $0.08 during trading hours on Wednesday, hitting $19.89. The company had a trading volume of 20,205,370 shares, compared to its average volume of 10,681,958. The business has a 50 day moving average of $21.53 and a 200-day moving average of $25.49. 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 1-year low of $18.72 and a 1-year high of $37.08. The company has a market cap of $17.10 billion, a PE ratio of 7.03, a price-to-earnings-growth ratio of 3.79 and a beta of 1.19.

Halliburton (NYSE:HAL - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The oilfield services company reported $0.60 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.60. Halliburton had a return on equity of 26.03% and a net margin of 10.90%. The firm had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $5.28 billion. As a group, equities research analysts expect that Halliburton will post 2.64 EPS for the current year.

Halliburton Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th will be given a $0.17 dividend. The ex-dividend date is Wednesday, June 4th. This represents a $0.68 annualized dividend and a yield of 3.42%. Halliburton's dividend payout ratio (DPR) is 28.45%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. The Goldman Sachs Group cut their price target on shares of Halliburton from $27.00 to $24.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Stifel Nicolaus dropped their price objective on shares of Halliburton from $37.00 to $32.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Morgan Stanley cut their target price on shares of Halliburton from $34.00 to $28.00 and set an "overweight" rating on the stock in a research note on Friday, May 16th. Susquehanna decreased their price target on shares of Halliburton from $32.00 to $30.00 and set a "positive" rating for the company in a research report on Wednesday, April 23rd. Finally, Wells Fargo & Company cut their price objective on Halliburton from $29.00 to $27.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. Eight investment 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 stock currently has a consensus rating of "Moderate Buy" and an average target price of $33.53.

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.