Halliburton (NYSE:HAL) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its position in shares of Halliburton (NYSE:HALFree Report) by 24.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,878,811 shares of the oilfield services company’s stock after purchasing an additional 1,568,485 shares during the period. Dimensional Fund Advisors LP owned 0.88% of Halliburton worth $284,822,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ancora Advisors LLC increased its position in shares of Halliburton by 443.8% during the third quarter. Ancora Advisors LLC now owns 881 shares of the oilfield services company’s stock valued at $36,000 after acquiring an additional 719 shares during the last quarter. Princeton Global Asset Management LLC acquired a new stake in shares of Halliburton during the fourth quarter valued at about $36,000. Criterion Capital Advisors LLC acquired a new stake in shares of Halliburton during the fourth quarter valued at about $37,000. Stone House Investment Management LLC acquired a new stake in shares of Halliburton during the fourth quarter valued at about $38,000. Finally, Farmers & Merchants Investments Inc. increased its position in shares of Halliburton by 27.2% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 1,385 shares of the oilfield services company’s stock valued at $50,000 after acquiring an additional 296 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Halliburton Stock Up 0.1 %

Halliburton stock traded up $0.02 during trading on Monday, reaching $37.09. The stock had a trading volume of 1,773,993 shares, compared to its average volume of 6,862,145. 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 $38.28 and a 200 day moving average price of $37.01. The company has a quick ratio of 1.52, a current ratio of 2.12 and a debt-to-equity ratio of 0.79. The stock has a market cap of $32.84 billion, a PE ratio of 12.84, a P/E/G ratio of 0.94 and a beta of 2.01.

Halliburton (NYSE:HALGet Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The oilfield services company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.02. The business had revenue of $5.80 billion during the quarter, compared to the consensus estimate of $5.67 billion. Halliburton had a net margin of 11.20% and a return on equity of 30.84%. The company’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.72 EPS. On average, analysts predict that Halliburton will post 3.39 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. The Goldman Sachs Group lifted their price target on shares of Halliburton from $46.00 to $48.00 in a research report on Tuesday, April 23rd. Raymond James dropped their price objective on shares of Halliburton from $49.00 to $47.00 and set a “strong-buy” rating for the company in a report on Wednesday, January 24th. UBS Group lifted their price objective on shares of Halliburton from $46.00 to $51.00 and gave the company a “buy” rating in a report on Tuesday, April 23rd. StockNews.com cut shares of Halliburton from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. Finally, Susquehanna restated a “positive” rating and issued a $49.00 price objective on shares of Halliburton in a report on Monday, April 8th. Two research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $48.59.

Get Our Latest Stock Report on Halliburton

Insider Transactions at Halliburton

In other news, SVP Jill D. Sharp sold 3,346 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $37.00, for a total transaction of $123,802.00. Following the completion of the sale, the senior vice president now owns 40,185 shares in the company, valued at approximately $1,486,845. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Margaret Katherine Banks sold 5,000 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $35.30, for a total value of $176,500.00. Following the completion of the sale, the director now owns 9,625 shares in the company, valued at approximately $339,762.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Jill D. Sharp sold 3,346 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $37.00, for a total transaction of $123,802.00. Following the completion of the sale, the senior vice president now owns 40,185 shares of the company’s stock, valued at approximately $1,486,845. The disclosure for this sale can be found here. In the last quarter, insiders sold 434,287 shares of company stock worth $15,415,304. 0.61% of the stock is currently owned by insiders.

Halliburton Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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