Mufg Securities Americas Inc. Takes $353,000 Position in Halliburton (NYSE:HAL)

Mufg Securities Americas Inc. acquired a new stake in Halliburton (NYSE:HAL - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 12,968 shares of the oilfield services company's stock, valued at approximately $353,000.

Several other institutional investors have also modified their holdings of HAL. Mediolanum International Funds Ltd raised its holdings in shares of Halliburton by 48.2% in the fourth quarter. Mediolanum International Funds Ltd now owns 71,797 shares of the oilfield services company's stock worth $1,931,000 after buying an additional 23,340 shares during the period. Sei Investments Co. raised its holdings in shares of Halliburton by 18.2% in the fourth quarter. Sei Investments Co. now owns 278,934 shares of the oilfield services company's stock worth $7,584,000 after buying an additional 42,876 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Halliburton by 3.7% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,257,250 shares of the oilfield services company's stock worth $61,375,000 after buying an additional 80,567 shares during the period. Congress Asset Management Co. purchased a new stake in shares of Halliburton in the fourth quarter worth approximately $621,000. Finally, Massachusetts Wealth Management raised its holdings in shares of Halliburton by 180.9% in the fourth quarter. Massachusetts Wealth Management now owns 43,675 shares of the oilfield services company's stock worth $1,188,000 after buying an additional 28,125 shares during the period. 85.23% of the stock is owned by institutional investors.

Insider Transactions at Halliburton

In other Halliburton news, 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 transaction 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 approximately $3,177,525. The trade was a 28.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 directly 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. Insiders sold 65,576 shares of company stock valued at $1,631,457 in the last quarter. 0.61% of the stock is currently owned by corporate insiders.

Halliburton Stock Up 1.0%

Halliburton stock opened at $21.25 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 1.54. The stock 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 1-year low of $18.72 and a 1-year high of $38.35. The business has a fifty day moving average price of $22.20 and a 200-day moving average price of $25.92.

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

Analyst Ratings Changes

HAL has been the topic of several recent analyst reports. UBS Group reduced their price target on Halliburton from $23.00 to $22.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Stifel Nicolaus reduced their price objective on Halliburton from $37.00 to $32.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Susquehanna reduced their price objective on Halliburton from $32.00 to $30.00 and set a "positive" rating on the stock in a report on Wednesday, April 23rd. Hsbc Global Res upgraded Halliburton to a "hold" rating in a report on Wednesday, April 23rd. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $34.00 price objective on shares of Halliburton in a report on Thursday, January 23rd. Eight research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target 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.

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