17,754 Shares in Halliburton (NYSE:HAL) Acquired by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. purchased a new stake in Halliburton (NYSE:HAL) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 17,754 shares of the oilfield services company’s stock, valued at approximately $483,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Horrell Capital Management Inc. bought a new stake in Halliburton in the 4th quarter valued at $33,000. Sierra Ocean LLC bought a new position in shares of Halliburton during the fourth quarter worth about $36,000. Blume Capital Management Inc. grew its holdings in shares of Halliburton by 33.3% during the fourth quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company’s stock worth $44,000 after buying an additional 400 shares in the last quarter. Wingate Wealth Advisors Inc. bought a new stake in Halliburton in the 4th quarter valued at approximately $52,000. Finally, Quent Capital LLC grew its stake in shares of Halliburton by 261.1% during the 4th quarter. Quent Capital LLC now owns 2,246 shares of the oilfield services company’s stock worth $61,000 after acquiring an additional 1,624 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Halliburton Stock Performance

NYSE:HAL opened at $21.03 on Friday. 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 cap of $18.08 billion, a P/E ratio of 7.43, a PEG ratio of 3.79 and a beta of 1.19. The stock has a 50 day simple moving average of $22.27 and a 200 day simple moving average of $25.97. Halliburton has a 1-year low of $18.72 and a 1-year high of $38.35.

Halliburton (NYSE:HAL) last released its quarterly 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 net margin of 10.90% and a return on equity of 26.03%. The business had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $5.28 billion. Research analysts anticipate that Halliburton will post 2.64 earnings per share for the current year.

Insider Transactions at Halliburton

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on HAL. Barclays cut their price objective on shares of Halliburton from $29.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 23rd. Citigroup reduced their price objective on shares of Halliburton from $33.00 to $31.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Royal Bank of Canada reiterated a “sector perform” rating and set a $34.00 target price on shares of Halliburton in a report on Thursday, January 23rd. Stifel Nicolaus reduced their price target on Halliburton from $37.00 to $32.00 and set a “buy” rating for the company in a research report on Wednesday, April 23rd. Finally, Benchmark decreased their price target on Halliburton from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. Eight investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $33.84.

About Halliburton

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.