Halliburton (NYSE:HAL) Shares Purchased by Numerai GP LLC

Numerai GP LLC grew its stake in shares of Halliburton (NYSE:HAL) by 6.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,331 shares of the oilfield services company’s stock after acquiring an additional 655 shares during the quarter. Numerai GP LLC’s holdings in Halliburton were worth $281,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Mediolanum International Funds Ltd raised its stake in Halliburton by 48.2% during the fourth quarter. Mediolanum International Funds Ltd now owns 71,797 shares of the oilfield services company’s stock worth $1,931,000 after purchasing an additional 23,340 shares during the period. Sei Investments Co. increased its holdings in shares of Halliburton by 18.2% during the 4th quarter. Sei Investments Co. now owns 278,934 shares of the oilfield services company’s stock worth $7,584,000 after buying an additional 42,876 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Halliburton by 3.7% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,257,250 shares of the oilfield services company’s stock worth $61,375,000 after buying an additional 80,567 shares during the period. Congress Asset Management Co. acquired a new position in Halliburton in the fourth quarter valued at $621,000. Finally, Massachusetts Wealth Management grew its position in Halliburton by 180.9% during the fourth quarter. Massachusetts Wealth Management now owns 43,675 shares of the oilfield services company’s stock valued at $1,188,000 after acquiring an additional 28,125 shares during the period. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HAL has been the topic of a number of research reports. UBS Group cut their price objective on Halliburton from $23.00 to $22.00 and set a “neutral” rating on the stock in a report on Thursday, April 24th. Susquehanna cut their price target on shares of Halliburton from $32.00 to $30.00 and set a “positive” rating on the stock in a report on Wednesday, April 23rd. The Goldman Sachs Group decreased their price objective on shares of Halliburton from $27.00 to $24.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. Wells Fargo & Company dropped their price objective on shares of Halliburton from $29.00 to $27.00 and set an “overweight” rating for the company in a research report on Wednesday, April 23rd. Finally, Barclays decreased their price target on shares of Halliburton from $29.00 to $26.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 23rd. Eight investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $33.84.

Halliburton Trading Down 0.9%

Shares of HAL opened at $21.03 on Friday. Halliburton has a one year low of $18.72 and a one year high of $38.35. The stock has a 50-day moving average price of $22.27 and a 200 day moving average price of $25.97. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05. The company has a market capitalization of $18.08 billion, a P/E ratio of 7.43, a P/E/G ratio of 3.79 and a beta of 1.19.

Halliburton (NYSE:HAL) last released its earnings results on Tuesday, April 22nd. The oilfield services company reported $0.60 EPS for the quarter, meeting the consensus estimate of $0.60. Halliburton had a return on equity of 26.03% and a net margin of 10.90%. The company had revenue of $5.42 billion during the quarter, compared to analysts’ expectations of $5.28 billion. Sell-side analysts forecast that Halliburton will post 2.64 EPS for the current fiscal year.

Insider Activity at Halliburton

In other news, Director Margaret Katherine Banks sold 3,900 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $24.04, for a total transaction of $93,756.00. Following the transaction, the director now owns 10,551 shares of the company’s stock, valued at approximately $253,646.04. This trade represents a 26.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Timothy Mckeon sold 10,497 shares of the business’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $24.60, for a total value of $258,226.20. Following the completion of the sale, the vice president now directly owns 77,784 shares of the company’s stock, valued at approximately $1,913,486.40. This represents a 11.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 65,576 shares of company stock valued at $1,631,457 over the last ninety days. Corporate insiders own 0.61% of the company’s stock.

Halliburton 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.