Stratos Wealth Partners LTD. Reduces Position in Halliburton (NYSE:HAL)

Stratos Wealth Partners LTD. cut its holdings in shares of Halliburton (NYSE:HAL) by 9.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,450 shares of the oilfield services company’s stock after selling 2,695 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Halliburton were worth $665,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of HAL. Modus Advisors LLC acquired a new position in shares of Halliburton during the 4th quarter worth approximately $38,000. Continuum Advisory LLC lifted its position in Halliburton by 101.2% during the third quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company’s stock worth $42,000 after buying an additional 698 shares in the last quarter. ORG Wealth Partners LLC acquired a new position in Halliburton during the third quarter worth $44,000. Venturi Wealth Management LLC boosted its stake in Halliburton by 34.2% during the third quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock worth $47,000 after buying an additional 412 shares during the last quarter. Finally, Brown Brothers Harriman & Co. grew its holdings in Halliburton by 28.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company’s stock valued at $51,000 after buying an additional 393 shares in the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on HAL shares. Wells Fargo & Company dropped their price objective on shares of Halliburton from $39.00 to $34.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Benchmark dropped their price objective on shares of Halliburton from $40.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Griffin Securities lowered shares of Halliburton from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. Stifel Nicolaus dropped their price objective on shares of Halliburton from $42.00 to $37.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Finally, UBS Group lowered shares of Halliburton from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $36.00 to $34.00 in a report on Monday, December 9th. Seven 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, the stock currently has an average rating of “Moderate Buy” and an average target price of $37.42.

Halliburton Stock Performance

Shares of HAL stock opened at $25.98 on Tuesday. The stock has a market capitalization of $22.82 billion, a PE ratio of 9.18, a P/E/G ratio of 3.53 and a beta of 1.89. The firm has a 50 day moving average of $27.74 and a two-hundred day moving average of $29.36. Halliburton has a 52 week low of $25.16 and a 52 week high of $41.56. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 26th. Investors of record on Wednesday, December 4th were issued a $0.17 dividend. The ex-dividend date was Wednesday, December 4th. This represents a $0.68 annualized dividend and a yield of 2.62%. Halliburton’s dividend payout ratio (DPR) is 24.03%.

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.