Voloridge Investment Management LLC Has $52.61 Million Position in Halliburton (NYSE:HAL)

Voloridge Investment Management LLC grew its holdings in Halliburton (NYSE:HAL - Free Report) by 89.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,934,886 shares of the oilfield services company's stock after buying an additional 911,919 shares during the quarter. Voloridge Investment Management LLC owned approximately 0.22% of Halliburton worth $52,610,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Waverly Advisors LLC bought a new stake in Halliburton during the 4th quarter worth about $919,000. Worldquant Millennium Advisors LLC lifted its position in shares of Halliburton by 975.1% during the fourth quarter. Worldquant Millennium Advisors LLC now owns 1,041,889 shares of the oilfield services company's stock worth $28,329,000 after purchasing an additional 944,976 shares in the last quarter. Woodline Partners LP acquired a new position in shares of Halliburton during the fourth quarter worth approximately $1,434,000. Sourcerock Group LLC bought a new stake in shares of Halliburton during the fourth quarter valued at approximately $11,985,000. Finally, Twinbeech Capital LP increased its holdings in shares of Halliburton by 314.1% in the fourth quarter. Twinbeech Capital LP now owns 2,044,661 shares of the oilfield services company's stock valued at $55,594,000 after purchasing an additional 1,550,920 shares in the last quarter. 85.23% of the stock is owned by institutional investors.

Halliburton Trading Down 1.9%

Shares of NYSE HAL opened at $20.47 on Wednesday. Halliburton has a twelve month low of $18.72 and a twelve month high of $38.35. The stock has a market cap of $17.60 billion, a price-to-earnings ratio of 7.23, a P/E/G ratio of 3.79 and a beta of 1.19. 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's fifty day moving average is $22.05 and its 200-day moving average is $25.81.

Halliburton (NYSE:HAL - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The oilfield services company reported $0.60 EPS for the quarter, hitting the consensus estimate of $0.60. The business had revenue of $5.42 billion for 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%. Equities research analysts predict that Halliburton will post 2.64 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on HAL shares. The Goldman Sachs Group reduced their price objective on Halliburton from $27.00 to $24.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Hsbc Global Res upgraded Halliburton to a "hold" rating in a research report on Wednesday, April 23rd. Stifel Nicolaus decreased their price target on Halliburton from $37.00 to $32.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. UBS Group lowered their price objective on Halliburton from $23.00 to $22.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Finally, Barclays cut their target price on shares of 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 research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $33.53.

Insiders Place Their Bets

In related news, Director Margaret Katherine Banks sold 3,900 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $24.04, for a total value of $93,756.00. Following the completion of the transaction, the director now directly owns 10,551 shares of the company's stock, valued at approximately $253,646.04. This represents a 26.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Eric Carre sold 51,179 shares of Halliburton stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $25.00, for a total value of $1,279,475.00. Following the completion of the sale, the chief financial officer now directly owns 127,101 shares in the company, valued at $3,177,525. This represents a 28.71% 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. 0.56% of the stock is currently owned by corporate insiders.

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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