Gotham Asset Management LLC Boosts Stock Position in Halliburton (NYSE:HAL)

Gotham Asset Management LLC boosted its stake in Halliburton (NYSE:HAL - Free Report) by 19.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 429,631 shares of the oilfield services company's stock after acquiring an additional 70,543 shares during the period. Gotham Asset Management LLC's holdings in Halliburton were worth $11,682,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of HAL. Horrell Capital Management Inc. purchased a new position in Halliburton during the 4th quarter worth $33,000. Sierra Ocean LLC acquired a new position in Halliburton during the 4th quarter worth approximately $36,000. Blume Capital Management Inc. raised its stake in shares of 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 buying an additional 400 shares in the last quarter. Wingate Wealth Advisors Inc. acquired a new stake in shares of Halliburton in the 4th quarter valued at approximately $52,000. Finally, Quent Capital LLC grew its holdings in Halliburton by 261.1% during the fourth quarter. Quent Capital LLC now owns 2,246 shares of the oilfield services company's stock worth $61,000 after acquiring an additional 1,624 shares during the period. Hedge funds and other institutional investors own 85.23% of the company's stock.

Halliburton Trading Down 0.9%

Shares of NYSE:HAL traded down $0.20 during trading on Thursday, reaching $21.03. 14,684,582 shares of the stock were exchanged, compared to its average volume of 10,423,867. Halliburton has a 12-month low of $18.72 and a 12-month high of $38.35. The firm's 50-day moving average price is $22.35 and its 200 day moving average price is $26.02. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05. The firm has a market cap of $18.08 billion, a price-to-earnings ratio of 7.43, a price-to-earnings-growth ratio of 3.79 and a beta of 1.19.

Halliburton (NYSE:HAL - Get Free Report) last released 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 net margin of 10.90% and a return on equity of 26.03%. The company had revenue of $5.42 billion during the quarter, compared to analyst estimates of $5.28 billion. On average, sell-side analysts anticipate that Halliburton will post 2.64 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on HAL shares. Wells Fargo & Company decreased their price target on Halliburton from $29.00 to $27.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. Citigroup dropped their price objective on shares of Halliburton from $33.00 to $31.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Barclays cut their price objective on Halliburton from $29.00 to $26.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 23rd. The Goldman Sachs Group dropped their price target on Halliburton from $27.00 to $24.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Finally, Hsbc Global Res upgraded Halliburton to a "hold" rating in a research report on Wednesday, April 23rd. Eight equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $33.84.

Insider Activity at Halliburton

In other Halliburton news, CFO Eric Carre sold 51,179 shares of the stock in a transaction that occurred on 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 owns 127,101 shares of the company's stock, valued at $3,177,525. This trade represents a 28.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 transaction of $93,756.00. Following the transaction, 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 ownership of the stock. 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. Corporate insiders own 0.61% of the company's stock.

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.