Tidal Investments LLC Buys 60,010 Shares of Halliburton (NYSE:HAL)

Tidal Investments LLC increased its stake in Halliburton (NYSE:HAL - Free Report) by 89.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 127,390 shares of the oilfield services company's stock after purchasing an additional 60,010 shares during the quarter. Tidal Investments LLC's holdings in Halliburton were worth $3,464,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Horrell Capital Management Inc. purchased a new position in Halliburton during the 4th quarter valued at about $33,000. Sierra Ocean LLC purchased a new position in Halliburton during the 4th quarter valued at about $36,000. Blume Capital Management Inc. grew its stake in Halliburton by 33.3% during the 4th quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company's stock valued at $44,000 after acquiring an additional 400 shares in the last quarter. Wingate Wealth Advisors Inc. purchased a new position in Halliburton during the 4th quarter valued at about $52,000. Finally, Quent Capital LLC grew its stake in Halliburton by 261.1% during the 4th quarter. Quent Capital LLC now owns 2,246 shares of the oilfield services company's stock valued at $61,000 after acquiring an additional 1,624 shares in the last quarter. Hedge funds and other institutional investors own 85.23% of the company's stock.

Insider Transactions at Halliburton

In other Halliburton news, VP Timothy Mckeon sold 10,497 shares of Halliburton stock in a transaction 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 transaction, the vice president now directly owns 77,784 shares of the company's stock, valued at $1,913,486.40. The trade was a 11.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Margaret Katherine Banks sold 3,900 shares of the business's stock in a transaction 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 transaction, the director now directly owns 10,551 shares of the company's stock, valued at $253,646.04. This trade represents a 26.99% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 65,576 shares of company stock worth $1,631,457. 0.56% of the stock is owned by company insiders.

Halliburton Stock Down 0.3%

Shares of NYSE:HAL traded down $0.05 during mid-day trading on Tuesday, reaching $19.86. 6,815,451 shares of the stock were exchanged, compared to its average volume of 10,598,819. The company has a quick ratio of 1.54, a current ratio of 2.05 and a debt-to-equity ratio of 0.68. The company has a market cap of $17.07 billion, a P/E ratio of 7.04, a P/E/G ratio of 3.79 and a beta of 1.19. Halliburton has a one year low of $18.72 and a one year high of $37.08. The stock's 50 day simple moving average is $21.63 and its 200-day simple moving average is $25.53.

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, meeting analysts' consensus estimates of $0.60. The firm had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.28 billion. Halliburton had a return on equity of 26.03% and a net margin of 10.90%. As a group, equities research analysts predict that Halliburton will post 2.64 EPS for the current year.

Halliburton Announces Dividend

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 3.42%. Halliburton's dividend payout ratio is currently 28.45%.

Wall Street Analysts Forecast Growth

HAL has been the subject of several research reports. Hsbc Global Res upgraded Halliburton to a "hold" rating in a report on Wednesday, April 23rd. Susquehanna reduced 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. Citigroup reduced their target price on Halliburton from $33.00 to $31.00 and set a "buy" rating for the company in a report on Thursday, April 24th. UBS Group reduced their target price on Halliburton from $23.00 to $22.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Finally, Stifel Nicolaus reduced their target price on Halliburton from $37.00 to $32.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Eight investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat, Halliburton has a consensus rating of "Moderate Buy" and an average price target 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.