Halliburton (NYSE:HAL) Stock Position Reduced by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd lessened its position in shares of Halliburton (NYSE:HAL) by 59.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,074 shares of the oilfield services company’s stock after selling 1,550 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Halliburton were worth $39,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Northern Trust Corp raised its position in shares of Halliburton by 3.0% during the 3rd quarter. Northern Trust Corp now owns 9,202,160 shares of the oilfield services company’s stock worth $372,687,000 after purchasing an additional 265,680 shares during the period. Bank of New York Mellon Corp raised its position in shares of Halliburton by 5.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 8,871,178 shares of the oilfield services company’s stock worth $359,283,000 after purchasing an additional 448,548 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Halliburton by 0.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,291,276 shares of the oilfield services company’s stock worth $214,297,000 after purchasing an additional 44,188 shares during the period. Raymond James & Associates raised its position in shares of Halliburton by 0.6% during the 3rd quarter. Raymond James & Associates now owns 3,841,843 shares of the oilfield services company’s stock worth $155,595,000 after purchasing an additional 23,394 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Halliburton by 1.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,342,520 shares of the oilfield services company’s stock worth $135,372,000 after purchasing an additional 44,901 shares during the period. Institutional investors own 85.23% of the company’s stock.

Insider Buying and Selling

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

Halliburton Stock Performance

Shares of NYSE HAL opened at $38.54 on Friday. The company has a quick ratio of 1.48, a current ratio of 2.12 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $34.12 billion, a price-to-earnings ratio of 13.34, a PEG ratio of 1.00 and a beta of 2.00. The stock’s fifty day simple moving average is $37.88 and its 200 day simple moving average is $37.39. Halliburton has a 52-week low of $27.84 and a 52-week high of $43.85.

Halliburton (NYSE:HAL) last issued its earnings results on Tuesday, April 23rd. The oilfield services company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. The business had revenue of $5.80 billion for the quarter, compared to analysts’ expectations of $5.67 billion. Halliburton had a return on equity of 30.84% and a net margin of 11.20%. The company’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.72 EPS. As a group, sell-side analysts forecast that Halliburton will post 3.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on HAL. Benchmark reiterated a “buy” rating and set a $45.00 price target on shares of Halliburton in a research report on Wednesday. Morgan Stanley increased their price target on Halliburton from $45.00 to $50.00 and gave the stock an “overweight” rating in a research report on Tuesday. The Goldman Sachs Group raised their target price on Halliburton from $46.00 to $48.00 in a research report on Tuesday. TD Cowen lifted their target price on Halliburton from $47.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Susquehanna reaffirmed a “positive” rating and set a $49.00 target price on shares of Halliburton in a research note on Monday, April 8th. One analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Halliburton has an average rating of “Buy” and an average price target of $48.82.

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.