Kovitz Investment Group Partners LLC Has $3.53 Million Holdings in Halliburton (NYSE:HAL)

Kovitz Investment Group Partners LLC lowered its position in Halliburton (NYSE:HAL - Free Report) by 45.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 129,738 shares of the oilfield services company's stock after selling 109,429 shares during the period. Kovitz Investment Group Partners LLC's holdings in Halliburton were worth $3,528,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Horrell Capital Management Inc. acquired a new position in shares of Halliburton during the 4th quarter worth $33,000. Sierra Ocean LLC purchased a new stake in Halliburton during the fourth quarter worth about $36,000. Modus Advisors LLC purchased a new position in Halliburton in the fourth quarter valued at about $38,000. Blume Capital Management Inc. increased 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 buying an additional 400 shares in the last quarter. Finally, Wingate Wealth Advisors Inc. acquired a new stake in shares of Halliburton during the 4th quarter valued at approximately $52,000. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions 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 shares were sold at an average price of $24.04, for a total value of $93,756.00. Following the transaction, the director now owns 10,551 shares in the company, valued at approximately $253,646.04. The trade was a 26.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing 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 sale, the chief financial officer now owns 127,101 shares of the company's stock, valued at $3,177,525. This trade represents a 28.71 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 206,782 shares of company stock valued at $5,321,170. 0.61% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on HAL shares. Evercore ISI dropped their target price on shares of Halliburton from $43.00 to $35.00 and set an "outperform" rating for the company in a report on Wednesday, January 15th. Royal Bank of Canada reissued a "sector perform" rating and issued a $34.00 price target on shares of Halliburton in a report on Thursday, January 23rd. Citigroup cut their target price on shares of Halliburton from $33.00 to $31.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Stifel Nicolaus decreased their price target on shares of Halliburton from $37.00 to $32.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Finally, Barclays lowered their target price on shares of Halliburton from $29.00 to $26.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 23rd. Eight equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $34.68.

Halliburton Stock Performance

Shares of HAL traded down $0.69 during midday trading on Wednesday, hitting $19.82. 15,051,490 shares of the stock traded hands, compared to its average volume of 10,010,596. 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 $38.35. The business's 50 day moving average price is $23.49 and its two-hundred day moving average price is $26.64. The firm has a market capitalization of $17.08 billion, a PE ratio of 7.00, a price-to-earnings-growth ratio of 3.79 and a beta of 1.45.

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

Halliburton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were given a dividend of $0.17 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.68 dividend on an annualized basis and a yield of 3.43%. Halliburton's dividend payout ratio (DPR) is presently 28.45%.

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.