Jump Financial LLC Sells 468,201 Shares of Halliburton (NYSE:HAL)

Jump Financial LLC lowered its stake in shares of Halliburton (NYSE:HAL - Free Report) by 94.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 25,245 shares of the oilfield services company's stock after selling 468,201 shares during the period. Jump Financial LLC's holdings in Halliburton were worth $686,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of HAL. Advisory Resource Group raised its holdings in shares of Halliburton by 32.8% in the 3rd quarter. Advisory Resource Group now owns 162,758 shares of the oilfield services company's stock valued at $4,728,000 after purchasing an additional 40,182 shares in the last quarter. World Investment Advisors LLC increased its position in Halliburton by 49.5% during the 3rd quarter. World Investment Advisors LLC now owns 9,161 shares of the oilfield services company's stock worth $266,000 after purchasing an additional 3,032 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Halliburton in the third quarter worth $358,000. Franklin Resources Inc. lifted its stake in shares of Halliburton by 244.5% in the third quarter. Franklin Resources Inc. now owns 4,513,560 shares of the oilfield services company's stock valued at $138,025,000 after purchasing an additional 3,203,224 shares during the period. Finally, Retirement Systems of Alabama lifted its position in shares of Halliburton by 0.3% during the 3rd quarter. Retirement Systems of Alabama now owns 195,873 shares of the oilfield services company's stock valued at $5,690,000 after acquiring an additional 587 shares during the period. 85.23% of the stock is owned by institutional investors and hedge funds.

Halliburton Trading Down 1.7 %

Shares of NYSE HAL traded down $0.35 during mid-day trading on Friday, hitting $20.86. 11,003,499 shares of the company traded hands, compared to its average volume of 9,934,186. The business has a 50 day moving average of $23.74 and a two-hundred day moving average of $26.80. The company has a quick ratio of 1.54, a current ratio of 2.05 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $17.98 billion, a price-to-earnings ratio of 7.37, a PEG ratio of 3.79 and a beta of 1.45. Halliburton has a 1 year low of $18.72 and a 1 year high of $38.89.

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, meeting analysts' consensus estimates of $0.60. Halliburton had a net margin of 10.90% and a return on equity of 26.03%. The business had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.28 billion. On average, sell-side analysts anticipate that Halliburton will post 2.64 earnings per share for the current fiscal year.

Halliburton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.26%. Halliburton's dividend payout ratio is 28.45%.

Analyst Ratings Changes

HAL has been the topic of a number of analyst reports. Stifel Nicolaus lowered their target price on Halliburton from $37.00 to $32.00 and set a "buy" rating on the stock in a report on Wednesday. Citigroup cut their price objective on Halliburton from $33.00 to $31.00 and set a "buy" rating on the stock in a report on Thursday. JPMorgan Chase & Co. decreased their price target on shares of Halliburton from $35.00 to $33.00 and set an "overweight" rating for the company in a research report on Thursday, January 2nd. Jefferies Financial Group cut their price objective on Halliburton from $43.00 to $41.00 and set a "buy" rating on the stock in a research report on Friday, January 3rd. Finally, Susquehanna decreased their target price on Halliburton from $32.00 to $30.00 and set a "positive" rating for the company in a research report on Wednesday. Eight equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Halliburton has an average rating of "Moderate Buy" and an average target price of $34.68.

Insider Activity

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 shares were 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 $253,646.04. The trade was a 26.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Eric Carre sold 141,206 shares of the stock in a transaction on 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 approximately $3,321,149.13. This trade represents a 52.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 206,782 shares of company stock worth $5,321,170 in the last 90 days. Company insiders own 0.61% 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.