Worldquant Millennium Advisors LLC Has $28.33 Million Stock Holdings in Halliburton (NYSE:HAL)

Worldquant Millennium Advisors LLC raised its stake in shares of Halliburton (NYSE:HAL) by 975.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,041,889 shares of the oilfield services company’s stock after purchasing an additional 944,976 shares during the period. Worldquant Millennium Advisors LLC owned approximately 0.12% of Halliburton worth $28,329,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in HAL. Park Avenue Securities LLC bought a new position in shares of Halliburton during the 4th quarter worth approximately $402,000. Merit Financial Group LLC lifted its position in shares of Halliburton by 107.8% during the 4th quarter. Merit Financial Group LLC now owns 14,487 shares of the oilfield services company’s stock worth $394,000 after buying an additional 7,516 shares in the last quarter. HB Wealth Management LLC raised its holdings in shares of Halliburton by 17.9% in the 4th quarter. HB Wealth Management LLC now owns 13,345 shares of the oilfield services company’s stock worth $363,000 after purchasing an additional 2,030 shares during the period. Ameritas Advisory Services LLC raised its holdings in shares of Halliburton by 14.3% in the 4th quarter. Ameritas Advisory Services LLC now owns 7,974 shares of the oilfield services company’s stock worth $217,000 after purchasing an additional 999 shares during the period. Finally, UMB Bank n.a. raised its holdings in shares of Halliburton by 14.3% in the 4th quarter. UMB Bank n.a. now owns 4,036 shares of the oilfield services company’s stock worth $110,000 after purchasing an additional 505 shares during the period. Institutional investors and hedge funds own 85.23% of the company’s stock.

Halliburton Trading Down 1.9%

NYSE:HAL opened at $20.47 on Wednesday. The company’s 50 day moving average price is $22.05 and its 200-day moving average price is $25.81. Halliburton has a 52 week low of $18.72 and a 52 week high of $38.35. The company has a quick ratio of 1.54, a current ratio of 2.05 and a debt-to-equity ratio of 0.68. The stock has a market cap of $17.60 billion, a price-to-earnings ratio of 7.23, a PEG ratio of 3.79 and a beta of 1.19.

Halliburton (NYSE:HAL) last posted 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 net margin of 10.90% and a return on equity of 26.03%. The firm had revenue of $5.42 billion for the quarter, compared to analysts’ expectations of $5.28 billion. On average, equities research analysts forecast that Halliburton will post 2.64 earnings per share for the current fiscal year.

Analysts Set New Price Targets

HAL has been the topic of a number of analyst reports. Hsbc Global Res raised shares of Halliburton to a “hold” rating in a 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. Morgan Stanley lowered their target price on shares of Halliburton from $34.00 to $28.00 and set an “overweight” rating on the stock in a report on Friday, May 16th. Barclays reduced their price target on shares of Halliburton from $29.00 to $26.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 23rd. Finally, UBS Group reduced their price target on shares of Halliburton from $23.00 to $22.00 and set a “neutral” rating for the company in a research report on Thursday, April 24th. Eight investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Halliburton has an average rating of “Moderate Buy” and a consensus price target of $33.53.

Insider Buying and Selling

In other Halliburton news, Director Margaret Katherine Banks sold 3,900 shares of the stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Timothy Mckeon sold 10,497 shares of the firm’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 sale, the vice president now owns 77,784 shares in the company, valued at $1,913,486.40. The trade was a 11.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 65,576 shares of company stock worth $1,631,457. 0.56% of the stock is owned by insiders.

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.