Halliburton (NYSE:HAL) Holdings Decreased 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 decreased its position in shares of Halliburton (NYSE:HAL - Free Report) by 13.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of HAL. Horrell Capital Management Inc. acquired a new position in Halliburton during the 4th quarter worth about $33,000. Sierra Ocean LLC acquired a new stake in Halliburton in the 4th quarter valued at about $36,000. Blume Capital Management Inc. raised its position in Halliburton by 33.3% in the 4th quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company's stock valued at $44,000 after purchasing an additional 400 shares in the last quarter. Wingate Wealth Advisors Inc. acquired a new stake in Halliburton in the 4th quarter valued at about $52,000. Finally, Quent Capital LLC raised its position in Halliburton by 261.1% in the 4th quarter. Quent Capital LLC now owns 2,246 shares of the oilfield services company's stock valued at $61,000 after purchasing an additional 1,624 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company's stock.

Halliburton Price Performance

Shares of Halliburton stock traded down $0.01 during trading on Thursday, reaching $19.85. The company's stock had a trading volume of 3,299,748 shares, compared to its average volume of 10,676,682. The business has a 50 day moving average price of $21.44 and a 200-day moving average price of $25.45. The company has a market capitalization of $17.07 billion, a P/E ratio of 7.02, a price-to-earnings-growth ratio of 3.79 and a beta of 1.19. Halliburton has a 12-month low of $18.72 and a 12-month high of $37.08. The company has a quick ratio of 1.54, a current ratio of 2.05 and a debt-to-equity ratio of 0.68.

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 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 company had revenue of $5.42 billion during the quarter, compared to analysts' expectations of $5.28 billion. As a group, sell-side analysts anticipate that Halliburton will post 2.64 EPS for the current year.

Halliburton Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date of this dividend is Wednesday, June 4th. Halliburton's dividend payout ratio is currently 28.45%.

Analysts Set New Price Targets

HAL has been the topic of a number of analyst reports. Stifel Nicolaus reduced their price target on Halliburton from $37.00 to $32.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Hsbc Global Res raised Halliburton to a "hold" rating in a research report on Wednesday, April 23rd. Wells Fargo & Company cut their target price on Halliburton from $29.00 to $27.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. UBS Group cut their target price on Halliburton from $23.00 to $22.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Finally, Barclays cut their target price on Halliburton from $29.00 to $26.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 23rd. Eight 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 currently has a consensus rating of "Moderate Buy" and an average target price of $33.53.

Insider Activity

In other Halliburton news, CFO Eric Carre sold 51,179 shares of the company's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $25.00, for a total transaction of $1,279,475.00. Following the sale, the chief financial officer now owns 127,101 shares in the company, valued at $3,177,525. This represents a 28.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Margaret Katherine Banks sold 3,900 shares of the 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 completion of the transaction, the director now directly owns 10,551 shares of the company's stock, valued at $253,646.04. This trade represents a 26.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 65,576 shares of company stock valued at $1,631,457 over the last quarter. Company insiders own 0.56% of the company's stock.

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.