Worldquant Millennium Advisors LLC Acquires 944,976 Shares of Halliburton (NYSE:HAL)

Worldquant Millennium Advisors LLC increased its position in shares of Halliburton (NYSE:HAL - Free Report) by 975.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,041,889 shares of the oilfield services company's stock after acquiring an additional 944,976 shares during the quarter. Worldquant Millennium Advisors LLC owned 0.12% of Halliburton worth $28,329,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Horrell Capital Management Inc. purchased a new position in Halliburton during the 4th quarter worth approximately $33,000. Sierra Ocean LLC purchased a new stake in Halliburton in the 4th quarter worth about $36,000. Blume Capital Management Inc. lifted its stake in Halliburton by 33.3% in 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. purchased a new stake in Halliburton in the 4th quarter worth about $52,000. Finally, Quent Capital LLC increased its holdings in shares of Halliburton by 261.1% in 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. Institutional investors and hedge funds own 85.23% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on HAL. Hsbc Global Res upgraded Halliburton to a "hold" rating in a report on Wednesday, April 23rd. Susquehanna decreased their target price on shares of Halliburton from $32.00 to $30.00 and set a "positive" rating for the company in a research note on Wednesday, April 23rd. Barclays lowered their price target on shares of Halliburton from $29.00 to $26.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 23rd. Stifel Nicolaus cut their price objective on Halliburton from $37.00 to $32.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Finally, The Goldman Sachs Group cut their price objective on Halliburton from $27.00 to $24.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Eight equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $33.53.

Halliburton Stock Performance

Shares of Halliburton stock traded down $0.05 during midday trading on Friday, hitting $19.91. The company had a trading volume of 8,117,220 shares, compared to its average volume of 10,586,295. The business's 50 day simple moving average is $21.74 and its two-hundred day simple moving average is $25.66. The stock has a market cap of $17.12 billion, a PE ratio of 7.04, a P/E/G ratio of 3.79 and a beta of 1.19. 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 has a 1-year low of $18.72 and a 1-year high of $37.08.

Halliburton (NYSE:HAL - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The oilfield services company reported $0.60 EPS for the quarter, meeting analysts' consensus estimates of $0.60. The business had revenue of $5.42 billion during the quarter, compared to analyst estimates of $5.28 billion. Halliburton had a net margin of 10.90% and a return on equity of 26.03%. As a group, equities analysts predict that Halliburton will post 2.64 EPS for the current fiscal year.

Halliburton Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 4th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date is Wednesday, June 4th. Halliburton's payout ratio is 28.45%.

Insider Buying and Selling at Halliburton

In related news, VP Timothy Mckeon sold 10,497 shares of the firm's stock in a transaction 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 sale, the vice president now directly owns 77,784 shares of the company's stock, valued at $1,913,486.40. This trade represents a 11.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 sale, the chief financial officer now owns 127,101 shares in the company, valued at $3,177,525. The trade was a 28.71% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 65,576 shares of company stock valued at $1,631,457. 0.56% of the stock is currently owned by corporate insiders.

Halliburton 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.