Sourcerock Group LLC Purchases New Holdings in Halliburton (NYSE:HAL)

Sourcerock Group LLC bought a new position in shares of Halliburton (NYSE:HAL - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 440,780 shares of the oilfield services company's stock, valued at approximately $11,985,000. Halliburton comprises approximately 0.9% of Sourcerock Group LLC's holdings, making the stock its 25th biggest holding. Sourcerock Group LLC owned about 0.05% of Halliburton as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new position in Halliburton in the 4th quarter worth about $299,986,000. Amundi increased its holdings in Halliburton by 22.2% in the 4th quarter. Amundi now owns 13,068,025 shares of the oilfield services company's stock worth $353,242,000 after purchasing an additional 2,378,043 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in Halliburton by 15.6% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 16,093,680 shares of the oilfield services company's stock worth $437,587,000 after purchasing an additional 2,171,722 shares in the last quarter. Pacer Advisors Inc. increased 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 purchasing an additional 1,748,763 shares in the last quarter. Finally, Twinbeech Capital LP increased its holdings in Halliburton by 314.1% in the 4th quarter. Twinbeech Capital LP now owns 2,044,661 shares of the oilfield services company's stock worth $55,594,000 after purchasing an additional 1,550,920 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company's stock.

Halliburton Stock Up 0.3%

HAL stock traded up $0.05 during trading on Thursday, reaching $19.95. 10,705,325 shares of the stock were exchanged, compared to its average volume of 10,582,673. The firm's 50 day moving average is $21.94 and its 200 day moving average is $25.77. Halliburton has a twelve month low of $18.72 and a twelve month high of $37.08. 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 firm has a market cap of $17.15 billion, a P/E ratio of 7.05, a price-to-earnings-growth ratio of 3.79 and a beta of 1.19.

Halliburton (NYSE:HAL - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The oilfield services company reported $0.60 earnings per share 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 business had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $5.28 billion. As a group, research analysts forecast that Halliburton will post 2.64 EPS for the current year.

Halliburton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 3.41%. Halliburton's dividend payout ratio (DPR) is presently 28.45%.

Analyst Ratings Changes

HAL has been the subject of a number of recent research reports. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $34.00 target price on shares of Halliburton in a report on Thursday, January 23rd. Susquehanna lowered their target price on Halliburton from $32.00 to $30.00 and set a "positive" rating for the company in a report on Wednesday, April 23rd. Hsbc Global Res upgraded Halliburton to a "hold" rating in a research report on Wednesday, April 23rd. Morgan Stanley reduced 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, May 16th. Finally, Barclays reduced their price target on Halliburton from $29.00 to $26.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 23rd. Eight analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $33.53.

Insider Transactions at Halliburton

In other news, 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 value of $93,756.00. Following the completion of the sale, the director now directly owns 10,551 shares of the company's stock, valued at $253,646.04. This represents a 26.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Timothy Mckeon sold 10,497 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $24.60, for a total value of $258,226.20. Following the completion of the sale, 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 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 over the last ninety days. 0.56% of the stock is currently owned by 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.