Neo Ivy Capital Management Has $1.91 Million Holdings in Halliburton (NYSE:HAL)

Neo Ivy Capital Management lifted its stake in shares of Halliburton (NYSE:HAL - Free Report) by 181.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,164 shares of the oilfield services company's stock after purchasing an additional 45,264 shares during the quarter. Neo Ivy Capital Management's holdings in Halliburton were worth $1,907,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in HAL. Horrell Capital Management Inc. purchased a new stake in shares of Halliburton during the 4th quarter worth approximately $33,000. Sierra Ocean LLC purchased a new stake in Halliburton during the fourth quarter worth $36,000. Blume Capital Management Inc. grew its holdings in Halliburton by 33.3% in the fourth quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company's stock valued at $44,000 after purchasing an additional 400 shares during the last quarter. Wingate Wealth Advisors Inc. acquired a new stake in Halliburton in the fourth quarter valued at $52,000. Finally, Quent Capital LLC increased its position in shares of Halliburton by 261.1% in the fourth quarter. Quent Capital LLC now owns 2,246 shares of the oilfield services company's stock valued at $61,000 after buying an additional 1,624 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company's stock.

Insiders Place Their Bets

In related news, CFO Eric Carre sold 51,179 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $25.00, for a total value of $1,279,475.00. Following the completion of the transaction, the chief financial officer now owns 127,101 shares in the company, valued at $3,177,525. This trade represents a 28.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Timothy Mckeon sold 10,497 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $24.60, for a total transaction of $258,226.20. Following the completion of the transaction, the vice president now directly owns 77,784 shares of the company's stock, valued at $1,913,486.40. This represents a 11.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold 65,576 shares of company stock worth $1,631,457 over the last ninety days. Company insiders own 0.56% of the company's stock.

Halliburton Stock Performance

Shares of NYSE:HAL traded down $0.02 during trading on Thursday, reaching $19.85. 3,299,748 shares of the company's stock traded hands, compared to its average volume of 10,676,682. The stock has a market capitalization of $17.06 billion, a P/E ratio of 7.02, a price-to-earnings-growth ratio of 3.79 and a beta of 1.19. The company has a 50 day moving average of $21.44 and a 200-day moving average of $25.45. Halliburton has a 12 month low of $18.72 and a 12 month 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.

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 for the quarter, meeting the consensus estimate of $0.60. The firm had revenue of $5.42 billion for 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%. On average, equities analysts expect that Halliburton will post 2.64 EPS for the current year.

Halliburton Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th will be given a dividend of $0.17 per share. The ex-dividend date is Wednesday, June 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.43%. Halliburton's dividend payout ratio (DPR) is 28.45%.

Analysts Set New Price Targets

Several brokerages have issued reports on HAL. Wells Fargo & Company reduced their price target on shares of Halliburton from $29.00 to $27.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Susquehanna cut their price objective on Halliburton from $32.00 to $30.00 and set a "positive" rating for the company in a research report on Wednesday, April 23rd. Hsbc Global Res upgraded Halliburton to a "hold" rating in a report on Wednesday, April 23rd. The Goldman Sachs Group dropped their price target on Halliburton from $27.00 to $24.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Finally, Barclays reduced their price objective 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, Halliburton presently has an average rating of "Moderate Buy" and an average target price of $33.53.

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.