Interval Partners LP Invests $2.32 Million in Halliburton (NYSE:HAL)

Interval Partners LP purchased a new position in Halliburton (NYSE:HAL - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 85,381 shares of the oilfield services company's stock, valued at approximately $2,322,000.

Other large investors have also recently made changes to their positions in the company. Mediolanum International Funds Ltd boosted its stake in 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 purchasing an additional 23,340 shares during the last quarter. Sei Investments Co. boosted its position 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 during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in Halliburton by 3.7% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,257,250 shares of the oilfield services company's stock valued at $61,375,000 after acquiring an additional 80,567 shares in the last quarter. Congress Asset Management Co. acquired a new stake in Halliburton in the 4th quarter valued at about $621,000. Finally, Massachusetts Wealth Management raised its holdings in 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 acquiring an additional 28,125 shares during the last quarter. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HAL. Citigroup dropped their price target on Halliburton from $33.00 to $31.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Evercore ISI dropped their target price on Halliburton from $43.00 to $35.00 and set an "outperform" rating for the company in a report on Wednesday, January 15th. Barclays reduced their price target on Halliburton from $29.00 to $26.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 23rd. Benchmark dropped their price objective on shares of Halliburton from $40.00 to $35.00 and set a "buy" rating for the company in a report on Thursday, January 23rd. Finally, The Goldman Sachs Group reduced their target price on shares of Halliburton from $27.00 to $24.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Eight equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $33.84.

Insider Transactions at Halliburton

In related news, CFO Eric Carre sold 51,179 shares of the company's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $25.00, for a total transaction of $1,279,475.00. Following the sale, the chief financial officer now directly owns 127,101 shares of the company's stock, valued at $3,177,525. This represents a 28.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Margaret Katherine Banks sold 3,900 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $24.04, for a total transaction of $93,756.00. Following the sale, the director now 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 65,576 shares of company stock valued at $1,631,457. 0.61% of the stock is currently owned by corporate insiders.

Halliburton Trading Down 0.9%

Shares of NYSE HAL traded down $0.20 during trading on Thursday, reaching $21.03. The stock had a trading volume of 14,684,582 shares, compared to its average volume of 10,423,869. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05. The company has a market cap of $18.08 billion, a P/E ratio of 7.43, a PEG ratio of 3.79 and a beta of 1.19. Halliburton has a fifty-two week low of $18.72 and a fifty-two week high of $38.35. The business's 50-day moving average price is $22.35 and its 200-day moving average price is $26.02.

Halliburton (NYSE:HAL - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The oilfield services company reported $0.60 EPS for the quarter, meeting analysts' consensus estimates of $0.60. The company had revenue of $5.42 billion during the quarter, compared to analysts' expectations of $5.28 billion. Halliburton had a return on equity of 26.03% and a net margin of 10.90%. On average, equities research analysts predict that Halliburton will post 2.64 EPS for the current fiscal year.

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.