Halliburton (NYSE:HAL) is Medici Capital LLC's 4th Largest Position

Medici Capital LLC increased its holdings in Halliburton (NYSE:HAL - Free Report) by 993.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 191,300 shares of the oilfield services company's stock after buying an additional 173,800 shares during the period. Halliburton comprises approximately 5.9% of Medici Capital LLC's investment portfolio, making the stock its 4th biggest holding. Medici Capital LLC's holdings in Halliburton were worth $4,853,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Sei Investments Co. raised its position 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 worth $7,584,000 after acquiring an additional 42,876 shares in the last quarter. Congress Asset Management Co. purchased a new position in Halliburton in the fourth quarter valued at about $621,000. Scott & Selber Inc. raised its holdings in Halliburton by 109.9% in the fourth quarter. Scott & Selber Inc. now owns 81,335 shares of the oilfield services company's stock worth $2,211,000 after purchasing an additional 42,590 shares in the last quarter. Aigen Investment Management LP raised its holdings in Halliburton by 97.1% in the fourth quarter. Aigen Investment Management LP now owns 138,026 shares of the oilfield services company's stock worth $3,753,000 after purchasing an additional 68,014 shares in the last quarter. Finally, Delta Financial Group Inc. purchased a new stake in shares of Halliburton during the fourth quarter valued at about $277,000. Hedge funds and other institutional investors own 85.23% of the company's stock.

Halliburton Price Performance

HAL stock opened at $22.94 on Tuesday. Halliburton has a 1 year low of $18.72 and a 1 year high of $37.08. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 1.54. The firm has a market capitalization of $19.72 billion, a PE ratio of 8.11, a price-to-earnings-growth ratio of 3.79 and a beta of 1.14. The business has a 50 day simple moving average of $20.82 and a 200-day simple moving average of $24.47.

Halliburton (NYSE:HAL - Get Free Report) last issued its earnings results 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. Halliburton had a return on equity of 26.03% and a net margin of 10.90%. The company had revenue of $5.42 billion during the quarter, compared to analysts' expectations of $5.28 billion. Equities research analysts anticipate that Halliburton will post 2.64 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.96%. The ex-dividend date of this dividend is Wednesday, June 4th. Halliburton's payout ratio is currently 28.45%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on HAL shares. Susquehanna cut their price objective on shares of Halliburton from $32.00 to $30.00 and set a "positive" rating on the stock in a research report on Wednesday, April 23rd. Hsbc Global Res upgraded shares of Halliburton to a "hold" rating in a research note on Wednesday, April 23rd. Citigroup reduced their price target on Halliburton from $33.00 to $31.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Morgan Stanley lowered their price objective on Halliburton from $34.00 to $28.00 and set an "overweight" rating for the company in a research report on Friday, May 16th. Finally, Wells Fargo & Company upped their target price on Halliburton from $27.00 to $28.00 and gave the company an "overweight" rating in a research report on Thursday, June 5th. Eight analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.58.

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.

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