Halliburton (NYSE:HAL) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. trimmed its stake in Halliburton (NYSE:HAL - Free Report) by 7.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,578,907 shares of the oilfield services company's stock after selling 123,436 shares during the period. Ameriprise Financial Inc. owned about 0.18% of Halliburton worth $42,955,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of HAL. Norges Bank purchased a new stake in Halliburton in the fourth quarter worth about $299,986,000. Amundi lifted its holdings in Halliburton by 22.2% during the fourth quarter. Amundi now owns 13,068,025 shares of the oilfield services company's stock worth $353,242,000 after buying an additional 2,378,043 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its position in Halliburton by 15.6% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 16,093,680 shares of the oilfield services company's stock valued at $437,587,000 after acquiring an additional 2,171,722 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Halliburton by 10.4% in the 4th quarter. Pacer Advisors Inc. now owns 18,530,937 shares of the oilfield services company's stock worth $503,856,000 after acquiring an additional 1,748,763 shares in the last quarter. Finally, Freestone Grove Partners LP bought a new stake in Halliburton during the fourth quarter valued at about $41,484,000. 85.23% of the stock is owned by hedge funds and other institutional investors.

Halliburton Stock Down 0.1%

Shares of HAL stock traded down $0.03 on Wednesday, reaching $21.28. 8,346,826 shares of the stock were exchanged, compared to its average volume of 10,387,256. The company has a market capitalization of $18.29 billion, a price-to-earnings ratio of 7.52, a PEG ratio of 3.79 and a beta of 1.19. The business's 50 day moving average price is $22.42 and its 200 day moving average price is $26.05. The company has a current ratio of 2.05, a quick ratio of 1.54 and a debt-to-equity ratio of 0.68. Halliburton has a twelve month low of $18.72 and a twelve month high of $38.35.

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, meeting 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 the consensus estimate of $5.28 billion. As a group, sell-side analysts expect that Halliburton will post 2.64 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on HAL shares. Evercore ISI decreased their target price on shares of Halliburton from $43.00 to $35.00 and set an "outperform" rating for the company in a research report on Wednesday, January 15th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $34.00 price target on shares of Halliburton in a research note on Thursday, January 23rd. Benchmark cut their target price on Halliburton from $40.00 to $35.00 and set a "buy" rating on the stock in a research report on Thursday, January 23rd. Susquehanna reduced their price objective on Halliburton from $32.00 to $30.00 and set a "positive" rating for the company in a research note on Wednesday, April 23rd. Finally, Citigroup dropped their target price on Halliburton from $33.00 to $31.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Eight investment 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 stock currently has an average rating of "Moderate Buy" and a consensus price target of $33.84.

Insiders Place Their Bets

In related news, CFO Eric Carre sold 51,179 shares of Halliburton stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $25.00, for a total transaction of $1,279,475.00. Following the completion of the transaction, the chief financial officer now directly owns 127,101 shares in the company, valued at $3,177,525. The trade was a 28.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Timothy Mckeon sold 10,497 shares of Halliburton stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $24.60, for a total value of $258,226.20. Following the sale, the vice president now owns 77,784 shares of the company's stock, valued at approximately $1,913,486.40. This represents a 11.89% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 65,576 shares of company stock worth $1,631,457. 0.61% 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.