Halliburton Company $HAL Shares Purchased by WINTON GROUP Ltd

WINTON GROUP Ltd raised its position in Halliburton Company (NYSE:HAL - Free Report) by 461.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 408,281 shares of the oilfield services company's stock after purchasing an additional 335,581 shares during the period. WINTON GROUP Ltd's holdings in Halliburton were worth $13,861,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Capital Research Global Investors increased its holdings in Halliburton by 21.1% during the 4th quarter. Capital Research Global Investors now owns 110,220,971 shares of the oilfield services company's stock valued at $3,114,848,000 after acquiring an additional 19,190,520 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of Halliburton in the second quarter valued at about $2,812,327,000. California State Teachers Retirement System grew its position in shares of Halliburton by 2,886.3% in the second quarter. California State Teachers Retirement System now owns 82,808,973 shares of the oilfield services company's stock valued at $2,811,365,000 after purchasing an additional 80,036,032 shares during the last quarter. State Street Corp increased its stake in shares of Halliburton by 1.7% during the 4th quarter. State Street Corp now owns 50,825,761 shares of the oilfield services company's stock worth $1,436,336,000 after purchasing an additional 861,964 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Halliburton by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 31,097,164 shares of the oilfield services company's stock worth $878,806,000 after purchasing an additional 443,064 shares in the last quarter. Hedge funds and other institutional investors own 85.23% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on HAL. Argus reduced their target price on Halliburton from $45.00 to $40.00 and set a "buy" rating on the stock in a research note on Thursday, July 23rd. Evercore reiterated an "outperform" rating and set a $43.00 price objective on shares of Halliburton in a research report on Wednesday, July 22nd. Wolfe Research started coverage on shares of Halliburton in a research note on Wednesday, July 8th. They set a "peer perform" rating on the stock. Citigroup lifted their price target on shares of Halliburton from $47.00 to $52.00 and gave the stock a "buy" rating in a report on Wednesday, June 3rd. Finally, BMO Capital Markets set a $37.00 price objective on shares of Halliburton in a research note on Wednesday, July 22nd. Eighteen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $43.10.

Halliburton Trading Up 1.1%

Shares of HAL stock opened at $37.19 on Thursday. The firm's 50-day simple moving average is $34.27 and its 200-day simple moving average is $36.70. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.02 and a quick ratio of 1.50. Halliburton Company has a 1-year low of $21.46 and a 1-year high of $43.59. The firm has a market cap of $30.98 billion, a P/E ratio of 19.47, a PEG ratio of 2.12 and a beta of 0.76.

Halliburton (NYSE:HAL - Get Free Report) last released its quarterly earnings data on Tuesday, July 21st. The oilfield services company reported $0.55 EPS for the quarter, topping analysts' consensus estimates of $0.54 by $0.01. The company had revenue of $5.71 billion for the quarter, compared to the consensus estimate of $5.50 billion. Halliburton had a return on equity of 18.71% and a net margin of 7.16%.The company's quarterly revenue was up 3.7% compared to the same quarter last year. During the same period last year, the business posted $0.55 EPS. As a group, equities analysts forecast that Halliburton Company will post 2.34 EPS for the current year.

Halliburton Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 2nd will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Wednesday, September 2nd. Halliburton's dividend payout ratio is 35.60%.

Insider Buying and Selling at Halliburton

In other Halliburton news, COO Jeffrey Slocum sold 52,572 shares of the business's stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $35.09, for a total transaction of $1,844,751.48. Following the transaction, the chief operating officer owned 118,730 shares in the company, valued at $4,166,235.70. The trade was a 30.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Eric Carre sold 24,778 shares of the stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $35.89, for a total value of $889,282.42. Following the completion of the sale, the chief financial officer owned 148,520 shares of the company's stock, valued at approximately $5,330,382.80. This trade represents a 14.30% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.57% of the stock is currently owned by corporate insiders.

Halliburton Profile

Halliburton Company NYSE: HAL is a global provider of products and services for the energy industry. The company supports oil and natural gas exploration, development and production across the life cycle of a well, serving both independent and national oil companies.

Halliburton operates through two principal business segments: Completion and Production, which provides cementing, stimulation, intervention and completion services; and Drilling and Evaluation, which offers drilling services, formation evaluation, well construction, project management and related technologies.

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