SIR Capital Management L.P. Acquires New Shares in Halliburton (NYSE:HAL)

SIR Capital Management L.P. bought a new position in shares of Halliburton (NYSE:HAL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 347,527 shares of the oilfield services company’s stock, valued at approximately $9,449,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Norges Bank acquired a new position in Halliburton during the 4th quarter worth approximately $299,986,000. Amundi grew its stake in shares of Halliburton by 22.2% during the fourth quarter. Amundi now owns 13,068,025 shares of the oilfield services company’s stock worth $353,242,000 after buying an additional 2,378,043 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of Halliburton by 15.6% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 16,093,680 shares of the oilfield services company’s stock worth $437,587,000 after buying an additional 2,171,722 shares in the last quarter. Pacer Advisors Inc. lifted its stake in shares of Halliburton by 10.4% in the 4th quarter. Pacer Advisors Inc. now owns 18,530,937 shares of the oilfield services company’s stock valued at $503,856,000 after acquiring an additional 1,748,763 shares during the last quarter. Finally, Freestone Grove Partners LP acquired a new stake in shares of Halliburton during the 4th quarter valued at $41,484,000. Institutional investors own 85.23% of the company’s stock.

Analysts Set New Price Targets

HAL has been the subject of a number of recent research reports. Hsbc Global Res raised Halliburton to a “hold” rating in a report on Wednesday, April 23rd. Barclays lowered their price objective on Halliburton from $29.00 to $26.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 23rd. Susquehanna cut their target price 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. Royal Bank of Canada reissued a “sector perform” rating and set a $34.00 target price on shares of Halliburton in a report on Thursday, January 23rd. Finally, UBS Group dropped their price target on shares of Halliburton from $23.00 to $22.00 and set a “neutral” rating for the company in a research note on Thursday, April 24th. Eight investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $33.84.

Insider Buying and Selling

In related news, Director Margaret Katherine Banks sold 3,900 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $24.04, for a total value 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Timothy Mckeon sold 10,497 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $24.60, for a total value of $258,226.20. Following the sale, the vice president now directly owns 77,784 shares of the company’s stock, valued at $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 a total of 65,576 shares of company stock worth $1,631,457 in the last ninety days. Corporate insiders own 0.61% of the company’s stock.

Halliburton Price Performance

Shares of 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 firm’s 50-day moving average price is $22.27 and its 200-day moving average price is $25.97. The firm 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 has a 1-year low of $18.72 and a 1-year high of $38.35.

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