Twinbeech Capital LP Has $55.59 Million Holdings in Halliburton (NYSE:HAL)

Twinbeech Capital LP lifted its holdings in shares of Halliburton (NYSE:HAL) by 314.1% during the 4th quarter, Holdings Channel reports. The firm owned 2,044,661 shares of the oilfield services company’s stock after purchasing an additional 1,550,920 shares during the period. Halliburton makes up 1.0% of Twinbeech Capital LP’s holdings, making the stock its 25th largest holding. Twinbeech Capital LP’s holdings in Halliburton were worth $55,594,000 at the end of the most recent quarter.

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

Insider Activity

In other news, CFO Eric Carre sold 51,179 shares of the firm’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $25.00, for a total transaction of $1,279,475.00. Following the completion of the transaction, the chief financial officer now directly owns 127,101 shares in the company, valued at $3,177,525. This trade represents a 28.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Timothy Mckeon sold 10,497 shares of the firm’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $24.60, for a total value 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. Over the last three months, insiders have sold 65,576 shares of company stock valued at $1,631,457. 0.56% of the stock is currently owned by corporate insiders.

Halliburton Stock Performance

Shares of HAL stock opened at $21.25 on Monday. The business’s 50-day moving average price is $22.20 and its 200-day moving average price is $25.90. Halliburton has a 12 month low of $18.72 and a 12 month high of $38.35. The firm has a market capitalization of $18.26 billion, a price-to-earnings ratio of 7.51, a PEG 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.

Halliburton (NYSE:HAL) last announced its quarterly earnings results on Tuesday, April 22nd. The oilfield services company reported $0.60 EPS for the quarter, meeting analysts’ consensus estimates of $0.60. Halliburton had a return on equity of 26.03% and a net margin of 10.90%. The firm had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.28 billion. Equities research analysts forecast that Halliburton will post 2.64 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on HAL shares. Wells Fargo & Company cut their target price on Halliburton from $29.00 to $27.00 and set an “overweight” rating for the company in a research note on Wednesday, April 23rd. Barclays dropped their price objective on Halliburton from $29.00 to $26.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 23rd. Susquehanna reduced their price objective on Halliburton from $32.00 to $30.00 and set a “positive” rating on the stock in a research note on Wednesday, April 23rd. Citigroup lowered their target price on Halliburton from $33.00 to $31.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Finally, Hsbc Global Res upgraded shares of Halliburton to a “hold” rating in a research note on Wednesday, April 23rd. Eight research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, Halliburton has an average rating of “Moderate Buy” and an average target price of $33.53.

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.