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Halliburton Company $HAL Shares Sold by Wedge Capital Management L L P NC
Wedge Capital Management L L P NC reduced its stake in Halliburton Company (NYSE:HAL) by 37.1% in the fourth quarter of the prior year, selling 236,305 shares. Despite this institutional selling and recent insider sales, Halliburton’s stock is trading near a two-year high, reflecting strong financial performance with an earnings beat and a “Moderate Buy” consensus rating from analysts. The company also recently announced a quarterly dividend, with a current payout ratio of 45.03%.