Halliburton (NYSE:HAL) Shares Purchased by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc raised its holdings in shares of Halliburton (NYSE:HAL - Free Report) by 62.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 229,857 shares of the oilfield services company's stock after acquiring an additional 88,650 shares during the period. Ensign Peak Advisors Inc's holdings in Halliburton were worth $6,250,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of HAL. Mediolanum International Funds Ltd lifted its stake in shares of Halliburton by 48.2% in the 4th quarter. Mediolanum International Funds Ltd now owns 71,797 shares of the oilfield services company's stock valued at $1,931,000 after purchasing an additional 23,340 shares during the period. Sei Investments Co. lifted its stake in shares of Halliburton by 18.2% in the 4th quarter. Sei Investments Co. now owns 278,934 shares of the oilfield services company's stock valued at $7,584,000 after purchasing an additional 42,876 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Halliburton by 3.7% in 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 purchasing an additional 80,567 shares during the period. Congress Asset Management Co. acquired a new position in shares of Halliburton in the 4th quarter valued at $621,000. Finally, Massachusetts Wealth Management lifted 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 during the period. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Margaret Katherine Banks sold 3,900 shares of the business's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $24.04, for a total transaction of $93,756.00. Following the transaction, the director now owns 10,551 shares of the company's stock, valued at approximately $253,646.04. The trade was a 26.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Timothy Mckeon sold 10,497 shares of the stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $24.60, for a total transaction of $258,226.20. Following the transaction, the vice president now directly owns 77,784 shares of the company's stock, valued at approximately $1,913,486.40. This trade represents a 11.89% decrease in their position. The disclosure for this sale can be found here. In 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 insiders.

Halliburton Price Performance

Shares of Halliburton stock traded up $0.21 during trading hours on Friday, reaching $21.25. 13,147,109 shares of the company's stock were exchanged, compared to its average volume of 10,485,472. Halliburton has a 1 year low of $18.72 and a 1 year high of $38.35. The company has a market capitalization of $18.26 billion, a P/E ratio of 7.51, a price-to-earnings-growth ratio of 3.79 and a beta of 1.19. The business has a fifty day moving average of $22.20 and a two-hundred day moving average of $25.92. The company has a quick ratio of 1.54, a current ratio of 2.05 and a debt-to-equity ratio of 0.68.

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 (EPS) for the quarter, hitting analysts' consensus estimates of $0.60. Halliburton had a net margin of 10.90% and a return on equity of 26.03%. The business had revenue of $5.42 billion during the quarter, compared to analyst estimates of $5.28 billion. As a group, research analysts predict that Halliburton will post 2.64 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on HAL shares. Citigroup decreased their target price on shares of Halliburton from $33.00 to $31.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Barclays decreased their target price on shares of Halliburton from $29.00 to $26.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 23rd. Benchmark cut their price target 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. Wells Fargo & Company cut their price target on shares of Halliburton from $29.00 to $27.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Finally, Stifel Nicolaus cut their price target on shares of Halliburton from $37.00 to $32.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Eight research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus 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.