Occudo Quantitative Strategies LP Cuts Position in Halliburton (NYSE:HAL)

Occudo Quantitative Strategies LP trimmed its holdings in shares of Halliburton (NYSE:HAL - Free Report) by 85.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,276 shares of the oilfield services company's stock after selling 126,063 shares during the period. Occudo Quantitative Strategies LP's holdings in Halliburton were worth $578,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Czech National Bank increased its holdings in Halliburton by 5.9% during the fourth quarter. Czech National Bank now owns 190,477 shares of the oilfield services company's stock valued at $5,179,000 after buying an additional 10,636 shares during the period. Oak Thistle LLC increased its holdings in shares of Halliburton by 224.3% in the 4th quarter. Oak Thistle LLC now owns 36,888 shares of the oilfield services company's stock valued at $1,003,000 after acquiring an additional 25,513 shares during the period. Fifth Third Wealth Advisors LLC increased its holdings in shares of Halliburton by 10.8% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 10,634 shares of the oilfield services company's stock valued at $289,000 after acquiring an additional 1,039 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Halliburton by 74.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 523,831 shares of the oilfield services company's stock worth $14,243,000 after acquiring an additional 223,379 shares in the last quarter. Finally, Park Avenue Securities LLC purchased a new stake in shares of Halliburton during the 4th quarter worth $402,000. Hedge funds and other institutional investors own 85.23% of the company's stock.

Halliburton Stock Performance

Shares of Halliburton stock traded up $0.21 on Friday, reaching $21.25. 13,147,109 shares of the stock were exchanged, compared to its average volume of 10,512,967. The business has a 50 day moving average price of $22.20 and a two-hundred day moving average price of $25.91. The firm has a market capitalization of $18.26 billion, a price-to-earnings ratio of 7.51, a PEG ratio of 3.79 and a beta of 1.19. Halliburton has a twelve month low of $18.72 and a twelve month high of $38.35. The company has a quick ratio of 1.54, a current ratio of 2.05 and a debt-to-equity ratio of 0.68.

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 the consensus estimate of $0.60. The business 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%. Analysts anticipate that Halliburton will post 2.64 earnings per share for the current fiscal year.

Insider Buying and Selling

In related 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 sale, the director now directly owns 10,551 shares of the company's stock, valued at $253,646.04. This trade represents a 26.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 value of $1,279,475.00. Following the transaction, the chief financial officer now owns 127,101 shares of the company's stock, valued at approximately $3,177,525. This represents a 28.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 65,576 shares of company stock valued at $1,631,457 over the last 90 days. Insiders own 0.61% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on HAL shares. Citigroup cut their target price on Halliburton from $33.00 to $31.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Stifel Nicolaus cut their price objective on shares of Halliburton from $37.00 to $32.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Royal Bank of Canada reiterated a "sector perform" rating and set a $34.00 price objective on shares of Halliburton in a research note on Thursday, January 23rd. Benchmark lowered their target price on shares of Halliburton from $40.00 to $35.00 and set a "buy" rating for the company in a research note on Thursday, January 23rd. Finally, UBS Group reduced their price target on Halliburton from $23.00 to $22.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Eight equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $33.53.

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.