Halliburton (NYSE:HAL) Stock Holdings Lifted by GAMMA Investing LLC

GAMMA Investing LLC raised its holdings in Halliburton (NYSE:HAL - Free Report) by 3,290.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 294,774 shares of the oilfield services company's stock after buying an additional 286,080 shares during the period. GAMMA Investing LLC's holdings in Halliburton were worth $74,780,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in Halliburton during the 4th quarter valued at approximately $299,986,000. Amundi raised its position in Halliburton by 22.2% during the 4th quarter. Amundi now owns 13,068,025 shares of the oilfield services company's stock worth $353,242,000 after buying an additional 2,378,043 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of 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 acquiring an additional 2,171,722 shares during the period. Twinbeech Capital LP boosted its holdings in shares of Halliburton by 314.1% in the fourth quarter. Twinbeech Capital LP now owns 2,044,661 shares of the oilfield services company's stock valued at $55,594,000 after acquiring an additional 1,550,920 shares in the last quarter. Finally, Freestone Grove Partners LP acquired a new position in shares of Halliburton during the fourth quarter worth about $41,484,000. 85.23% of the stock is owned by institutional investors and hedge funds.

Halliburton Stock Down 0.3%

Shares of HAL traded down $0.07 during midday trading on Thursday, reaching $19.95. 10,471,640 shares of the company were exchanged, compared to its average volume of 10,942,477. The company has a current ratio of 2.05, a quick ratio of 1.54 and a debt-to-equity ratio of 0.68. Halliburton has a 1-year low of $18.72 and a 1-year high of $37.08. The company has a market cap of $17.15 billion, a price-to-earnings ratio of 7.05, a P/E/G ratio of 3.79 and a beta of 1.19. The stock has a 50-day moving average price of $20.89 and a 200-day moving average price of $25.11.

Halliburton (NYSE:HAL - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The oilfield services company reported $0.60 earnings per share (EPS) 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 net margin of 10.90% and a return on equity of 26.03%. Research analysts expect that Halliburton will post 2.64 earnings per share for the current year.

Halliburton Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 4th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $0.68 annualized dividend and a dividend yield of 3.41%. Halliburton's dividend payout ratio is presently 28.45%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. The Goldman Sachs Group reduced their target price on Halliburton from $27.00 to $24.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Barclays reduced their price target on shares of Halliburton from $29.00 to $26.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 23rd. Stifel Nicolaus reduced their target price on Halliburton from $37.00 to $32.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Wells Fargo & Company upped their price objective on Halliburton from $27.00 to $28.00 and gave the company an "overweight" rating in a research report on Thursday. Finally, Susquehanna cut their target price on shares of Halliburton from $32.00 to $30.00 and set a "positive" rating for the company in a research note on Wednesday, April 23rd. Eight analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, Halliburton presently has a consensus rating of "Moderate Buy" and a consensus price target of $33.58.

Insider Transactions at Halliburton

In other news, CFO Eric Carre sold 51,179 shares of the firm'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 completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Timothy Mckeon sold 10,497 shares of the stock in a transaction 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 transaction, the vice president now owns 77,784 shares in the company, valued at $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. Corporate insiders own 0.56% of the company's stock.

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.