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 lowered its holdings in Halliburton (NYSE:HAL - Free Report) by 13.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund 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 reporting period.

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

Analyst Ratings Changes

Several research firms recently issued reports on HAL. Wells Fargo & Company cut their price target on shares of Halliburton from $29.00 to $27.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Stifel Nicolaus lowered their price objective on Halliburton from $37.00 to $32.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. The Goldman Sachs Group lowered their price objective on Halliburton from $27.00 to $24.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Citigroup lowered their price target on Halliburton from $33.00 to $31.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Finally, Morgan Stanley dropped their price target on Halliburton from $34.00 to $28.00 and set an "overweight" rating on the stock in a research report on Friday, May 16th. Eight analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $33.53.

Halliburton Stock Performance

HAL stock traded up $0.03 during trading on Tuesday, reaching $19.94. 18,405,394 shares of the company's stock were exchanged, compared to its average volume of 10,643,856. The firm has a market cap of $17.14 billion, a PE ratio of 7.05, a P/E/G ratio of 3.79 and a beta of 1.19. 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 has a 1-year low of $18.72 and a 1-year high of $37.08. The company's fifty day moving average price is $21.63 and its 200-day moving average price is $25.53.

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

Halliburton Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th will be given a dividend of $0.17 per share. The ex-dividend date is Wednesday, June 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.41%. Halliburton's dividend payout ratio (DPR) is 28.45%.

Insiders Place Their Bets

In other Halliburton news, VP Timothy Mckeon sold 10,497 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $24.60, for a total transaction of $258,226.20. Following the completion of the transaction, the vice president now directly owns 77,784 shares of the company's stock, valued at approximately $1,913,486.40. This trade represents a 11.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Eric Carre sold 51,179 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $25.00, for a total value of $1,279,475.00. Following the transaction, the chief financial officer now directly owns 127,101 shares of the company's stock, valued at approximately $3,177,525. The trade was a 28.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 65,576 shares of company stock worth $1,631,457. 0.56% of the stock is owned by corporate insiders.

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.