Toronto Dominion Bank Increases Position in Halliburton (NYSE:HAL)

Toronto Dominion Bank lifted its stake in Halliburton (NYSE:HAL - Free Report) by 64.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 509,968 shares of the oilfield services company's stock after purchasing an additional 200,420 shares during the quarter. Toronto Dominion Bank owned about 0.06% of Halliburton worth $13,866,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Norges Bank bought a new stake in Halliburton in the fourth quarter worth $299,986,000. Amundi raised its position in shares of Halliburton by 22.2% in the 4th quarter. Amundi now owns 13,068,025 shares of the oilfield services company's stock worth $353,242,000 after purchasing an additional 2,378,043 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in 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 purchasing an additional 2,171,722 shares in the last quarter. Pacer Advisors Inc. grew its position in Halliburton by 10.4% during the 4th quarter. Pacer Advisors Inc. now owns 18,530,937 shares of the oilfield services company's stock valued at $503,856,000 after purchasing an additional 1,748,763 shares during the last quarter. Finally, Freestone Grove Partners LP purchased a new stake in Halliburton during the 4th quarter valued at about $41,484,000. 85.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

HAL has been the subject of several recent analyst reports. Citigroup decreased their target price on shares of Halliburton from $33.00 to $31.00 and set a "buy" rating for the company in a report on Thursday, April 24th. UBS Group decreased their price objective on shares of Halliburton from $23.00 to $22.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Royal Bank of Canada reiterated a "sector perform" rating and set a $34.00 target price on shares of Halliburton in a research note on Thursday, January 23rd. Wells Fargo & Company decreased their price target on Halliburton from $29.00 to $27.00 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd. Finally, Benchmark lowered their price target on Halliburton from $40.00 to $35.00 and set a "buy" rating on the stock in a report on Thursday, January 23rd. Eight equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $33.53.

Halliburton Price Performance

Shares of Halliburton stock opened at $20.87 on Tuesday. The firm has a market cap of $17.94 billion, a PE ratio of 7.37, a PEG ratio of 3.79 and a beta of 1.19. The stock has a 50 day moving average of $22.12 and a 200 day moving average of $25.85. 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 12 month low of $18.72 and a 12 month high of $38.35.

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, hitting the consensus estimate of $0.60. Halliburton had a return on equity of 26.03% and a net margin of 10.90%. The business had revenue of $5.42 billion for the quarter, compared to analysts' expectations of $5.28 billion. On average, research analysts expect that Halliburton will post 2.64 EPS for the current fiscal year.

Insider Activity at Halliburton

In other news, VP Timothy Mckeon sold 10,497 shares of the business's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $24.60, for a total value of $258,226.20. Following the sale, the vice president now directly owns 77,784 shares in the company, valued at $1,913,486.40. The trade was a 11.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Eric Carre sold 51,179 shares of the stock in a transaction dated 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 transaction, the chief financial officer now directly owns 127,101 shares of the company's stock, valued at approximately $3,177,525. The trade was a 28.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 65,576 shares of company stock valued at $1,631,457 over the last 90 days. 0.56% of the stock is owned by corporate insiders.

Halliburton Company Profile

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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