Halliburton (NYSE:HAL) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG raised its position in Halliburton (NYSE:HAL - Free Report) by 38.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 5,356,849 shares of the oilfield services company's stock after purchasing an additional 1,481,110 shares during the period. Deutsche Bank AG owned 0.61% of Halliburton worth $145,653,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Horrell Capital Management Inc. purchased a new position in Halliburton in the 4th quarter valued at $33,000. Sierra Ocean LLC purchased a new position in Halliburton in the 4th quarter valued at $36,000. Blume Capital Management Inc. lifted its holdings in Halliburton by 33.3% in the 4th quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company's stock valued at $44,000 after purchasing an additional 400 shares in the last quarter. Wingate Wealth Advisors Inc. purchased a new position in Halliburton in the 4th quarter valued at $52,000. Finally, Quent Capital LLC lifted its holdings in Halliburton by 261.1% in the 4th quarter. Quent Capital LLC now owns 2,246 shares of the oilfield services company's stock valued at $61,000 after purchasing an additional 1,624 shares in the last quarter. Hedge funds and other institutional investors own 85.23% of the company's stock.

Halliburton Trading Up 0.5%

NYSE HAL traded up $0.12 during trading on Friday, hitting $21.16. The stock had a trading volume of 3,928,293 shares, compared to its average volume of 12,839,006. The company has a market capitalization of $18.19 billion, a PE ratio of 7.48, a PEG ratio of 3.79 and a beta of 1.19. 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 firm has a 50 day moving average price of $22.27 and a 200 day moving average price of $25.97. Halliburton has a twelve month low of $18.72 and a twelve month high of $38.35.

Halliburton (NYSE:HAL - Get Free Report) last released its earnings results on Tuesday, April 22nd. The oilfield services company reported $0.60 earnings per share for the quarter, meeting the consensus estimate of $0.60. The company 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%. As a group, equities research analysts forecast that Halliburton will post 2.64 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Susquehanna decreased their price objective on Halliburton from $32.00 to $30.00 and set a "positive" rating on the stock in a report on Wednesday, April 23rd. Morgan Stanley cut their target price on Halliburton from $34.00 to $28.00 and set an "overweight" rating for the company in a research note on Friday. Benchmark cut their target price on Halliburton from $40.00 to $35.00 and set a "buy" rating for the company in a research note on Thursday, January 23rd. The Goldman Sachs Group cut their target price on Halliburton from $27.00 to $24.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Finally, Citigroup cut their target price on Halliburton from $33.00 to $31.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Eight equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, Halliburton has a consensus rating of "Moderate Buy" and an average price target of $33.53.

Insider Buying and Selling at Halliburton

In other news, Director Margaret Katherine Banks sold 3,900 shares of the business's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $24.04, for a total transaction of $93,756.00. Following the completion of the transaction, the director now directly owns 10,551 shares of the company's stock, valued at approximately $253,646.04. The trade was a 26.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 value of $1,279,475.00. Following the completion of the transaction, the chief financial officer now directly owns 127,101 shares of the company's stock, valued at $3,177,525. This trade represents a 28.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 65,576 shares of company stock valued at $1,631,457 in the last three months. 0.61% of the stock is owned by corporate insiders.

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.