Hartford Investment Management Co. Sells 1,045 Shares of Halliburton (NYSE:HAL)

Hartford Investment Management Co. lessened its position in Halliburton (NYSE:HAL) by 1.8% in the third quarter, HoldingsChannel.com reports. The fund owned 55,861 shares of the oilfield services company’s stock after selling 1,045 shares during the period. Hartford Investment Management Co.’s holdings in Halliburton were worth $1,623,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of HAL. Country Trust Bank bought a new stake in Halliburton in the third quarter valued at approximately $36,000. Bruce G. Allen Investments LLC boosted its position in Halliburton by 274.9% during the second quarter. Bruce G. Allen Investments LLC now owns 1,121 shares of the oilfield services company’s stock worth $38,000 after purchasing an additional 822 shares during the period. ORG Wealth Partners LLC acquired a new position in shares of Halliburton in the third quarter valued at $44,000. Crewe Advisors LLC acquired a new position in shares of Halliburton in the first quarter valued at $46,000. Finally, Beacon Capital Management LLC raised its position in shares of Halliburton by 28.8% in the first quarter. Beacon Capital Management LLC now owns 1,382 shares of the oilfield services company’s stock valued at $54,000 after purchasing an additional 309 shares during the period. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

HAL has been the subject of several research analyst reports. Citigroup reduced their target price on shares of Halliburton from $50.00 to $45.00 and set a “buy” rating for the company in a report on Friday, June 28th. Susquehanna reduced their price objective on Halliburton from $46.00 to $42.00 and set a “positive” rating for the company in a report on Friday, October 11th. Stifel Nicolaus lowered their target price on Halliburton from $45.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. TD Cowen reduced their price target on Halliburton from $47.00 to $45.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Finally, StockNews.com cut Halliburton from a “buy” rating to a “hold” rating in a research report on Wednesday, July 3rd. Four analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Halliburton currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.74.

Halliburton Stock Up 0.2 %

NYSE HAL opened at $27.86 on Friday. The business has a fifty day moving average price of $29.82 and a two-hundred day moving average price of $33.43. The stock has a market capitalization of $24.66 billion, a PE ratio of 9.64, a PEG ratio of 1.04 and a beta of 1.88. Halliburton has a fifty-two week low of $27.51 and a fifty-two week high of $41.56. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.13 and a quick ratio of 1.54.

Halliburton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend was Wednesday, September 4th. Halliburton’s dividend payout ratio is presently 23.53%.

About Halliburton

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.