Graham Capital Management L.P. Acquires Shares of 16,450 Halliburton (NYSE:HAL)

Graham Capital Management L.P. purchased a new position in Halliburton (NYSE:HAL - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 16,450 shares of the oilfield services company's stock, valued at approximately $447,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Horrell Capital Management Inc. acquired a new position in Halliburton in the 4th quarter valued at about $33,000. Sierra Ocean LLC purchased a new stake in shares of Halliburton during the 4th quarter valued at approximately $36,000. Blume Capital Management Inc. lifted its holdings in Halliburton by 33.3% in the fourth quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company's stock valued at $44,000 after acquiring an additional 400 shares during the last quarter. Wingate Wealth Advisors Inc. purchased a new position in Halliburton in the fourth quarter worth approximately $52,000. Finally, Quent Capital LLC grew its position in Halliburton by 261.1% in 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. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on HAL shares. Citigroup decreased their price target on Halliburton from $33.00 to $31.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Morgan Stanley reduced their price objective on shares of Halliburton from $34.00 to $28.00 and set an "overweight" rating on the stock in a report on Friday. The Goldman Sachs Group lowered their target price on shares of Halliburton from $27.00 to $24.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Wells Fargo & Company dropped their price target on shares of Halliburton from $29.00 to $27.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. Finally, Barclays decreased their price objective 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. Eight investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $33.53.

Halliburton Stock Down 1.9%

NYSE HAL traded down $0.40 during trading hours on Tuesday, hitting $20.47. 9,815,817 shares of the company were exchanged, compared to its average volume of 10,508,580. The company has a 50 day moving average of $22.12 and a two-hundred day moving average of $25.85. 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 firm has a market cap of $17.60 billion, a price-to-earnings ratio of 7.23, 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 $38.35.

Halliburton (NYSE:HAL - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The oilfield services company reported $0.60 EPS for the quarter, hitting the consensus estimate of $0.60. The company had revenue of $5.42 billion during the quarter, compared to analysts' expectations of $5.28 billion. Halliburton had a net margin of 10.90% and a return on equity of 26.03%. Equities research analysts anticipate that Halliburton will post 2.64 earnings per share for the current year.

Insider Activity at Halliburton

In other Halliburton news, Director Margaret Katherine Banks sold 3,900 shares of the firm's stock in a transaction dated 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 owns 10,551 shares of the company's stock, valued at approximately $253,646.04. This trade represents a 26.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Eric Carre sold 51,179 shares of Halliburton stock in a transaction dated 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. This trade represents a 28.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 65,576 shares of company stock valued at $1,631,457 over the last quarter. 0.56% of the stock is owned by 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.