Natixis Advisors L.P. Boosts Holdings in Halliburton (NYSE:HAL)

Natixis Advisors L.P. lifted its stake in shares of Halliburton (NYSE:HAL) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 524,334 shares of the oilfield services company’s stock after purchasing an additional 21,677 shares during the period. Natixis Advisors L.P.’s holdings in Halliburton were worth $18,954,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Sourcerock Group LLC increased its stake in Halliburton by 237.6% during the 3rd quarter. Sourcerock Group LLC now owns 1,677,194 shares of the oilfield services company’s stock worth $67,926,000 after buying an additional 1,180,406 shares in the last quarter. Jennison Associates LLC increased its position in shares of Halliburton by 51.2% during the fourth quarter. Jennison Associates LLC now owns 2,539,062 shares of the oilfield services company’s stock worth $91,787,000 after purchasing an additional 859,440 shares in the last quarter. Schonfeld Strategic Advisors LLC raised its stake in Halliburton by 1,507.6% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 852,357 shares of the oilfield services company’s stock valued at $34,520,000 after purchasing an additional 799,337 shares during the last quarter. Barclays PLC lifted its holdings in Halliburton by 32.7% in the 3rd quarter. Barclays PLC now owns 2,339,859 shares of the oilfield services company’s stock valued at $94,766,000 after purchasing an additional 575,933 shares in the last quarter. Finally, Nordea Investment Management AB boosted its stake in Halliburton by 271.0% during the 4th quarter. Nordea Investment Management AB now owns 768,057 shares of the oilfield services company’s stock worth $27,781,000 after purchasing an additional 561,020 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Insider Activity at Halliburton

In other Halliburton news, Director Margaret Katherine Banks sold 5,000 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $35.30, for a total transaction of $176,500.00. Following the sale, the director now directly owns 9,625 shares in the company, valued at $339,762.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Halliburton news, Director Margaret Katherine Banks sold 5,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now owns 9,625 shares of the company’s stock, valued at approximately $339,762.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey Allen Miller sold 377,000 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $35.30, for a total value of $13,308,100.00. Following the sale, the chief executive officer now directly owns 759,015 shares in the company, valued at approximately $26,793,229.50. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on HAL. UBS Group boosted their price target on shares of Halliburton from $46.00 to $51.00 and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. Morgan Stanley boosted their price objective on Halliburton from $45.00 to $50.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 23rd. The Goldman Sachs Group raised their target price on Halliburton from $46.00 to $48.00 in a research note on Tuesday, April 23rd. StockNews.com lowered shares of Halliburton from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. Finally, Barclays cut their price objective on shares of Halliburton from $55.00 to $54.00 and set an “overweight” rating for the company in a research report on Wednesday, January 24th. Two equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $48.59.

Halliburton Stock Performance

NYSE:HAL opened at $36.73 on Monday. Halliburton has a fifty-two week low of $27.84 and a fifty-two week high of $43.85. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.52 and a current ratio of 2.12. The company has a 50 day moving average price of $38.08 and a 200 day moving average price of $37.14. The stock has a market capitalization of $32.52 billion, a P/E ratio of 12.71, a PEG ratio of 0.93 and a beta of 2.01.

Halliburton (NYSE:HAL) last released its quarterly earnings results on Tuesday, April 23rd. The oilfield services company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.74 by $0.02. Halliburton had a return on equity of 30.84% and a net margin of 11.20%. The business had revenue of $5.80 billion during the quarter, compared to analyst estimates of $5.67 billion. During the same period last year, the business posted $0.72 earnings per share. The company’s quarterly revenue was up 2.2% on a year-over-year basis. Equities research analysts forecast that Halliburton will post 3.39 EPS for the current year.

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.