Y Intercept Hong Kong Ltd Has $3.77 Million Stake in Halliburton (NYSE:HAL)

Y Intercept Hong Kong Ltd decreased its position in shares of Halliburton (NYSE:HAL) by 47.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 138,715 shares of the oilfield services company’s stock after selling 127,602 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Halliburton were worth $3,772,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC lifted its position in Halliburton by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 20,630,361 shares of the oilfield services company’s stock worth $597,234,000 after acquiring an additional 172,505 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of Halliburton by 10.4% during the fourth quarter. Pacer Advisors Inc. now owns 18,530,937 shares of the oilfield services company’s stock valued at $503,856,000 after buying an additional 1,748,763 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Halliburton by 2.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,742,352 shares of the oilfield services company’s stock valued at $166,815,000 after buying an additional 115,504 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of Halliburton by 22.0% during the third quarter. Thrivent Financial for Lutherans now owns 5,520,383 shares of the oilfield services company’s stock valued at $160,367,000 after buying an additional 995,649 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in shares of Halliburton by 31.3% during the fourth quarter. Van ECK Associates Corp now owns 5,100,693 shares of the oilfield services company’s stock valued at $138,688,000 after buying an additional 1,214,586 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Insider Activity

In other news, CFO Eric Carre sold 141,206 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $26.13, for a total transaction of $3,689,712.78. Following the sale, the chief financial officer now directly owns 127,101 shares of the company’s stock, valued at $3,321,149.13. This represents a 52.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.61% of the stock is owned by insiders.

Halliburton Price Performance

Shares of Halliburton stock opened at $26.25 on Monday. The company has a current ratio of 2.05, a quick ratio of 1.54 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $22.78 billion, a price-to-earnings ratio of 9.27, a P/E/G ratio of 3.79 and a beta of 1.89. Halliburton has a 1-year low of $25.16 and a 1-year high of $41.56. The firm’s 50-day moving average price is $27.06 and its two-hundred day moving average price is $28.90.

Halliburton Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be paid a dividend of $0.17 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.68 annualized dividend and a yield of 2.59%. Halliburton’s dividend payout ratio is 24.03%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HAL. Griffin Securities lowered shares of Halliburton from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. Wells Fargo & Company cut their price objective on shares of Halliburton from $39.00 to $34.00 and set an “overweight” rating for the company in a research report on Tuesday, December 17th. Morgan Stanley cut their price objective on shares of Halliburton from $35.00 to $34.00 and set an “overweight” rating for the company in a research report on Monday, November 18th. Barclays cut their price objective on shares of Halliburton from $32.00 to $30.00 and set an “equal weight” rating for the company in a research report on Thursday, January 23rd. Finally, Raymond James cut shares of Halliburton from a “strong-buy” rating to a “market perform” rating in a research note on Monday, January 6th. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $37.42.

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.