Halliburton (NYSE:HAL) Shares Acquired by Stevens Capital Management LP

Stevens Capital Management LP increased its holdings in shares of Halliburton (NYSE:HAL) by 292.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,722 shares of the oilfield services company’s stock after purchasing an additional 19,920 shares during the quarter. Stevens Capital Management LP’s holdings in Halliburton were worth $966,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of HAL. Ancora Advisors LLC boosted its position in shares of Halliburton by 443.8% during the 3rd quarter. Ancora Advisors LLC now owns 881 shares of the oilfield services company’s stock worth $36,000 after purchasing an additional 719 shares during the period. Ogorek Anthony Joseph NY ADV increased its holdings in Halliburton by 1,134.6% during the 3rd quarter. Ogorek Anthony Joseph NY ADV now owns 1,000 shares of the oilfield services company’s stock worth $40,000 after purchasing an additional 919 shares during the period. Princeton Global Asset Management LLC acquired a new stake in Halliburton in the fourth quarter valued at approximately $36,000. Criterion Capital Advisors LLC purchased a new position in Halliburton in the fourth quarter worth approximately $37,000. Finally, Stone House Investment Management LLC acquired a new position in Halliburton during the 4th quarter worth approximately $38,000. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Halliburton Price Performance

HAL remained flat at $38.72 on Thursday. 6,077,393 shares of the company were exchanged, compared to its average volume of 7,142,404. The company has a current ratio of 2.12, a quick ratio of 1.48 and a debt-to-equity ratio of 0.79. Halliburton has a 52-week low of $27.84 and a 52-week high of $43.85. The business has a 50-day moving average price of $37.75 and a 200 day moving average price of $37.40. The stock has a market cap of $34.32 billion, a P/E ratio of 13.40, a price-to-earnings-growth ratio of 0.99 and a beta of 2.00.

Halliburton (NYSE:HAL) last announced its earnings results on Tuesday, April 23rd. The oilfield services company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. The firm had revenue of $5.80 billion during the quarter, compared to analysts’ expectations of $5.67 billion. Halliburton had a return on equity of 30.84% and a net margin of 11.20%. The company’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.72 earnings per share. As a group, equities research analysts forecast that Halliburton will post 3.42 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Margaret Katherine Banks sold 5,000 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $35.30, for a total transaction of $176,500.00. Following the completion of the transaction, the director now directly owns 9,625 shares in the company, valued at approximately $339,762.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Jeffrey Allen Miller sold 377,000 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $35.30, for a total transaction of $13,308,100.00. Following the completion of the sale, the chief executive officer now owns 759,015 shares of the company’s stock, valued at $26,793,229.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Margaret Katherine Banks sold 5,000 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $35.30, for a total transaction of $176,500.00. Following the sale, the director now owns 9,625 shares in the company, valued at $339,762.50. The disclosure for this sale can be found here. 0.61% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Raymond James reduced their price objective on shares of Halliburton from $49.00 to $47.00 and set a “strong-buy” rating on the stock in a report on Wednesday, January 24th. TD Cowen lifted their price target on Halliburton from $47.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday. Benchmark reiterated a “buy” rating and issued a $45.00 price objective on shares of Halliburton in a report on Wednesday. The Goldman Sachs Group upped their target price on shares of Halliburton from $46.00 to $48.00 in a report on Tuesday. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $45.00 price target on shares of Halliburton in a research report on Wednesday, January 24th. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $48.82.

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.