Wedge Capital Management L L P NC Boosts Stake in Halliburton (NYSE:HAL)

Wedge Capital Management L L P NC lifted its stake in shares of Halliburton (NYSE:HAL - Free Report) by 17.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 472,489 shares of the oilfield services company's stock after acquiring an additional 68,779 shares during the period. Wedge Capital Management L L P NC owned 0.05% of Halliburton worth $17,080,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Nordea Investment Management AB increased its stake in Halliburton by 271.0% during the fourth quarter. Nordea Investment Management AB now owns 768,057 shares of the oilfield services company's stock worth $27,781,000 after acquiring an additional 561,020 shares during the last quarter. Cerity Partners LLC increased its position in shares of Halliburton by 69.5% during the 4th quarter. Cerity Partners LLC now owns 206,692 shares of the oilfield services company's stock worth $7,472,000 after purchasing an additional 84,771 shares during the last quarter. KLCM Advisors Inc. raised its holdings in Halliburton by 6.9% in the 4th quarter. KLCM Advisors Inc. now owns 490,230 shares of the oilfield services company's stock valued at $17,722,000 after buying an additional 31,534 shares during the period. Vontobel Holding Ltd. boosted its stake in Halliburton by 65.4% during the fourth quarter. Vontobel Holding Ltd. now owns 57,920 shares of the oilfield services company's stock worth $2,094,000 after buying an additional 22,906 shares during the period. Finally, CX Institutional acquired a new stake in shares of Halliburton during the third quarter valued at about $344,000. Institutional investors and hedge funds own 85.23% of the company's stock.

Insider Transactions at Halliburton

In related news, Director Margaret Katherine Banks sold 5,000 shares of the business's stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $35.30, for a total value of $176,500.00. Following the completion of the sale, the director now directly owns 9,625 shares of the company's stock, valued at $339,762.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CEO Jeffrey Allen Miller sold 377,000 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $35.30, for a total value of $13,308,100.00. Following the completion of the sale, the chief executive officer now directly owns 759,015 shares of the company's stock, valued at $26,793,229.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Margaret Katherine Banks sold 5,000 shares of the company's stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $35.30, for a total transaction of $176,500.00. Following the completion of the sale, the director now owns 9,625 shares of the company's stock, valued at approximately $339,762.50. The disclosure for this sale can be found here. Insiders own 0.61% of the company's stock.

Halliburton Stock Down 0.4 %

NYSE HAL traded down $0.14 during trading on Tuesday, reaching $38.58. 9,377,991 shares of the company's stock were exchanged, compared to its average volume of 7,147,902. The company has a 50 day moving average price of $37.66 and a two-hundred day moving average price of $37.39. The stock has a market cap of $34.20 billion, a P/E ratio of 13.17, a price-to-earnings-growth ratio of 1.00 and a beta of 2.00. Halliburton has a 1 year low of $27.84 and a 1 year high of $43.85. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.48 and a current ratio of 2.06.

Halliburton (NYSE:HAL - Get Free Report) last posted its earnings results on Tuesday, January 23rd. The oilfield services company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.06. The firm had revenue of $5.74 billion during the quarter, compared to analysts' expectations of $5.78 billion. Halliburton had a return on equity of 31.59% and a net margin of 11.46%. The firm's revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.72 earnings per share. On average, equities research analysts anticipate that Halliburton will post 3.42 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on HAL shares. Morgan Stanley increased their price objective on shares of Halliburton from $45.00 to $50.00 and gave the stock an "overweight" rating in a research report on Tuesday. TD Cowen boosted their price objective on Halliburton from $49.00 to $51.00 and gave the company an "outperform" rating in a report on Wednesday, January 24th. UBS Group raised their target price on Halliburton from $46.00 to $51.00 and gave the company a "buy" rating in a report on Tuesday. Raymond James cut their price target on shares of Halliburton from $49.00 to $47.00 and set a "strong-buy" rating on the stock in a research note on Wednesday, January 24th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $45.00 price objective on shares of Halliburton in a research note on Wednesday, January 24th. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Halliburton has an average rating of "Buy" and an average price target of $49.00.

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.