Point72 Asia Singapore Pte. Ltd. Acquires Shares of 17,754 Halliburton (NYSE:HAL)

Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Halliburton (NYSE:HAL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,754 shares of the oilfield services company's stock, valued at approximately $483,000.

Several other large investors have also made changes to their positions in HAL. Mediolanum International Funds Ltd raised its holdings in shares of Halliburton by 48.2% during the 4th quarter. Mediolanum International Funds Ltd now owns 71,797 shares of the oilfield services company's stock worth $1,931,000 after buying an additional 23,340 shares in the last quarter. Sei Investments Co. raised its stake in Halliburton by 18.2% during the fourth quarter. Sei Investments Co. now owns 278,934 shares of the oilfield services company's stock worth $7,584,000 after acquiring an additional 42,876 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in Halliburton by 3.7% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,257,250 shares of the oilfield services company's stock worth $61,375,000 after acquiring an additional 80,567 shares in the last quarter. Congress Asset Management Co. bought a new position in shares of Halliburton in the fourth quarter worth about $621,000. Finally, Massachusetts Wealth Management boosted its stake in shares of Halliburton by 180.9% in the 4th quarter. Massachusetts Wealth Management now owns 43,675 shares of the oilfield services company's stock valued at $1,188,000 after purchasing an additional 28,125 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on HAL shares. Citigroup lowered their target price on Halliburton from $33.00 to $31.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Hsbc Global Res raised Halliburton to a "hold" rating in a research note on Wednesday, April 23rd. UBS Group cut their target price on shares of Halliburton from $23.00 to $22.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Morgan Stanley reduced 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. Finally, Susquehanna cut their price target on shares of Halliburton from $32.00 to $30.00 and set a "positive" rating on the stock in a report on Wednesday, April 23rd. Eight research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $33.53.

Halliburton Stock Down 1.8%

Shares of HAL traded down $0.38 during trading hours on Monday, reaching $20.87. The stock had a trading volume of 10,084,716 shares, compared to its average volume of 10,511,262. Halliburton has a 12 month low of $18.72 and a 12 month high of $38.35. The company has a market capitalization of $17.94 billion, a price-to-earnings ratio of 7.37, a P/E/G ratio of 3.79 and a beta of 1.19. The firm has a 50-day simple moving average of $22.20 and a 200 day simple moving average of $25.90. 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 - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The oilfield services company reported $0.60 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.60. The business had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.28 billion. Halliburton had a return on equity of 26.03% and a net margin of 10.90%. Equities research analysts predict that Halliburton will post 2.64 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Margaret Katherine Banks sold 3,900 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The stock was 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 in the company, valued at $253,646.04. The trade was a 26.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Eric Carre sold 51,179 shares of the company's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $25.00, for a total value of $1,279,475.00. Following the completion of the transaction, the chief financial officer now owns 127,101 shares of the company's stock, valued at $3,177,525. This trade represents a 28.71% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 65,576 shares of company stock worth $1,631,457. 0.56% of the stock is owned by corporate insiders.

Halliburton 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.