Cetera Investment Advisers Purchases 26,939 Shares of Halliburton (NYSE:HAL)

Cetera Investment Advisers boosted its stake in Halliburton (NYSE:HAL - Free Report) by 26.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 128,118 shares of the oilfield services company's stock after buying an additional 26,939 shares during the period. Cetera Investment Advisers' holdings in Halliburton were worth $3,484,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in HAL. Norges Bank bought a new stake in Halliburton in the 4th quarter valued at about $299,986,000. Amundi raised its holdings 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 valued at $353,242,000 after buying an additional 2,378,043 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its position 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 during the period. Pacer Advisors Inc. grew its holdings in Halliburton by 10.4% in the 4th quarter. Pacer Advisors Inc. now owns 18,530,937 shares of the oilfield services company's stock worth $503,856,000 after buying an additional 1,748,763 shares in the last quarter. Finally, Freestone Grove Partners LP acquired a new position in Halliburton during the 4th quarter worth $41,484,000. 85.23% of the stock is currently owned by institutional investors.

Halliburton Stock Performance

Halliburton stock traded down $0.38 during trading hours on Monday, reaching $20.87. 10,084,716 shares of the company were exchanged, compared to its average volume of 10,511,261. Halliburton has a 12 month low of $18.72 and a 12 month high of $38.35. 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 stock has a 50-day moving average of $22.20 and a 200 day moving average of $25.90. The firm has a market cap of $17.94 billion, a price-to-earnings ratio of 7.37, a PEG ratio of 3.79 and a beta of 1.19.

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

Insider Activity

In other news, CFO Eric Carre sold 51,179 shares of the firm's stock in a transaction dated 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 transaction, the chief financial officer now owns 127,101 shares of the company's stock, valued at approximately $3,177,525. This trade represents a 28.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Timothy Mckeon sold 10,497 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 77,784 shares in the company, valued at approximately $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 90 days, insiders sold 65,576 shares of company stock worth $1,631,457. Insiders own 0.56% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on HAL. Barclays lowered their target price on shares of Halliburton from $29.00 to $26.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 23rd. Citigroup dropped their target price on Halliburton from $33.00 to $31.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Morgan Stanley lowered their price target on Halliburton from $34.00 to $28.00 and set an "overweight" rating on the stock in a research report on Friday. Hsbc Global Res upgraded Halliburton to a "hold" rating in a report on Wednesday, April 23rd. Finally, Stifel Nicolaus lowered their target price on Halliburton from $37.00 to $32.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Eight analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, Halliburton has a consensus rating of "Moderate Buy" and an average target price of $33.53.

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.