Quantinno Capital Management LP Has $2.93 Million Stock Holdings in Halliburton (NYSE:HAL)

Quantinno Capital Management LP increased its position in Halliburton (NYSE:HAL) by 54.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 107,766 shares of the oilfield services company’s stock after buying an additional 38,149 shares during the period. Quantinno Capital Management LP’s holdings in Halliburton were worth $2,930,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in HAL. Park Avenue Securities LLC acquired a new stake in shares of Halliburton in the 4th quarter valued at about $402,000. Merit Financial Group LLC lifted its position in Halliburton by 107.8% in the 4th quarter. Merit Financial Group LLC now owns 14,487 shares of the oilfield services company’s stock valued at $394,000 after acquiring an additional 7,516 shares in the last quarter. Brooklyn Investment Group lifted its position in Halliburton by 100.0% in the 4th quarter. Brooklyn Investment Group now owns 4,245 shares of the oilfield services company’s stock valued at $115,000 after acquiring an additional 2,123 shares in the last quarter. HB Wealth Management LLC lifted its position in Halliburton by 17.9% in the 4th quarter. HB Wealth Management LLC now owns 13,345 shares of the oilfield services company’s stock valued at $363,000 after acquiring an additional 2,030 shares in the last quarter. Finally, Ameritas Advisory Services LLC lifted its position in Halliburton by 14.3% in the 4th quarter. Ameritas Advisory Services LLC now owns 7,974 shares of the oilfield services company’s stock valued at $217,000 after acquiring an additional 999 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on HAL shares. Susquehanna dropped their price target on shares of Halliburton from $32.00 to $30.00 and set a “positive” rating on the stock in a research report on Wednesday, April 23rd. Citigroup dropped their price target on shares of Halliburton from $33.00 to $31.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Morgan Stanley dropped their price target on shares of Halliburton from $34.00 to $28.00 and set an “overweight” rating on the stock in a research report on Friday. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $34.00 price target on shares of Halliburton in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company dropped their price target on shares of Halliburton from $29.00 to $27.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 23rd. Eight investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.53.

Halliburton Stock Down 1.8%

Halliburton stock opened at $20.87 on Tuesday. Halliburton has a 1-year low of $18.72 and a 1-year high of $38.35. The firm has a market capitalization of $17.94 billion, a price-to-earnings ratio of 7.37, a P/E/G ratio of 3.79 and a beta of 1.19. 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 firm has a 50 day simple moving average of $22.12 and a 200 day simple moving average of $25.85.

Halliburton (NYSE:HAL) last released its quarterly earnings data on Tuesday, April 22nd. The oilfield services company reported $0.60 earnings per share for the quarter, meeting analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $5.28 billion. On average, analysts predict that Halliburton will post 2.64 earnings per share for the current year.

Insider Activity at Halliburton

In other news, Director Margaret Katherine Banks sold 3,900 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $24.04, for a total transaction of $93,756.00. Following the completion of the transaction, the director now directly owns 10,551 shares in the company, valued at $253,646.04. The trade was a 26.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Timothy Mckeon sold 10,497 shares of the business’s stock in a transaction 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 transaction, the vice president now owns 77,784 shares of the company’s stock, valued at $1,913,486.40. This trade represents a 11.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 65,576 shares of company stock worth $1,631,457. Corporate insiders own 0.56% 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.