Halliburton (NYSE:HAL) Shares Acquired by Twinbeech Capital LP

Twinbeech Capital LP increased its stake in Halliburton (NYSE:HAL - Free Report) by 314.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,044,661 shares of the oilfield services company's stock after buying an additional 1,550,920 shares during the period. Halliburton accounts for about 1.0% of Twinbeech Capital LP's portfolio, making the stock its 25th largest position. Twinbeech Capital LP owned 0.23% of Halliburton worth $55,594,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Horrell Capital Management Inc. purchased a new position in Halliburton in the 4th quarter worth about $33,000. Sierra Ocean LLC purchased a new position in Halliburton in the 4th quarter worth about $36,000. Blume Capital Management Inc. grew its holdings 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 worth $44,000 after acquiring an additional 400 shares in the last quarter. Wingate Wealth Advisors Inc. bought a new position in Halliburton during the 4th quarter worth about $52,000. Finally, Quent Capital LLC increased its position 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 purchasing an additional 1,624 shares during the period. Hedge funds and other institutional investors own 85.23% of the company's stock.

Halliburton Stock Performance

NYSE:HAL traded up $0.05 during trading hours on Thursday, hitting $19.95. 10,705,325 shares of the company were exchanged, compared to its average volume of 10,582,673. The company's 50 day moving average price is $21.94 and its 200-day moving average price is $25.77. The stock has a market capitalization of $17.15 billion, a price-to-earnings ratio of 7.05, a PEG ratio of 3.79 and a beta of 1.19. Halliburton has a 52-week low of $18.72 and a 52-week 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 announced its quarterly earnings data on Tuesday, April 22nd. The oilfield services company reported $0.60 earnings per share for the quarter, meeting analysts' consensus estimates of $0.60. Halliburton had a net margin of 10.90% and a return on equity of 26.03%. The firm had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.28 billion. As a group, research analysts forecast that Halliburton will post 2.64 earnings per share for the current year.

Halliburton Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 4th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 3.41%. Halliburton's payout ratio is 28.45%.

Insider Activity at Halliburton

In other Halliburton news, Director Margaret Katherine Banks sold 3,900 shares of Halliburton stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $24.04, for a total transaction of $93,756.00. Following the completion of the sale, the director now directly owns 10,551 shares in the company, valued at approximately $253,646.04. The trade was a 26.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Eric Carre sold 51,179 shares of Halliburton stock in a transaction that occurred on 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 sale, the chief financial officer now owns 127,101 shares of the company's stock, valued at approximately $3,177,525. The trade was a 28.71% decrease in their ownership of the stock. 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 in the last ninety days. Company insiders own 0.56% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on HAL. Benchmark cut their target price on shares of Halliburton from $40.00 to $35.00 and set a "buy" rating on the stock in a research report on Thursday, January 23rd. Citigroup cut their target price on shares of Halliburton from $33.00 to $31.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. UBS Group cut their target price on shares of Halliburton from $23.00 to $22.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Hsbc Global Res raised shares of Halliburton to a "hold" rating in a research report on Wednesday, April 23rd. Finally, The Goldman Sachs Group cut their target price on shares of Halliburton from $27.00 to $24.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Eight investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently 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.