Russell Investments Group Ltd. Trims Holdings in Halliburton (NYSE:HAL)

Russell Investments Group Ltd. trimmed its position in shares of Halliburton (NYSE:HAL - Free Report) by 2.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,237,496 shares of the oilfield services company's stock after selling 55,566 shares during the period. Russell Investments Group Ltd. owned about 0.25% of Halliburton worth $80,936,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. MCF Advisors LLC grew its holdings in Halliburton by 5.3% during the 3rd quarter. MCF Advisors LLC now owns 4,643 shares of the oilfield services company's stock valued at $188,000 after purchasing an additional 232 shares during the last quarter. Arcadia Investment Management Corp MI grew its holdings in Halliburton by 0.7% during the 3rd quarter. Arcadia Investment Management Corp MI now owns 37,010 shares of the oilfield services company's stock valued at $1,499,000 after purchasing an additional 250 shares during the last quarter. Nvwm LLC grew its holdings in Halliburton by 1.2% during the 3rd quarter. Nvwm LLC now owns 22,759 shares of the oilfield services company's stock valued at $922,000 after purchasing an additional 259 shares during the last quarter. Stratos Wealth Advisors LLC grew its holdings in Halliburton by 3.6% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 7,605 shares of the oilfield services company's stock valued at $308,000 after purchasing an additional 263 shares during the last quarter. Finally, Lake Street Advisors Group LLC grew its holdings in Halliburton by 2.3% during the 3rd quarter. Lake Street Advisors Group LLC now owns 11,972 shares of the oilfield services company's stock valued at $485,000 after purchasing an additional 268 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HAL has been the topic of several analyst reports. Royal Bank of Canada reiterated an "outperform" rating and set a $45.00 price target on shares of Halliburton in a report on Wednesday, January 24th. UBS Group upped their target price on shares of Halliburton from $46.00 to $51.00 and gave the stock a "buy" rating in a research note on Tuesday, April 23rd. TD Cowen upped their target price on shares of Halliburton from $47.00 to $48.00 and gave the stock a "buy" rating in a research note on Wednesday. Morgan Stanley upped their target price on shares of Halliburton from $45.00 to $50.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 23rd. Finally, StockNews.com upgraded shares of Halliburton from a "hold" rating to a "buy" rating in a research note on Monday, April 22nd. One investment analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $48.82.

Insider Activity at Halliburton

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

Halliburton Stock Down 0.5 %

NYSE:HAL traded down $0.18 during midday trading on Friday, reaching $38.54. 5,056,558 shares of the stock traded hands, compared to its average volume of 5,718,629. Halliburton has a 12-month low of $27.84 and a 12-month high of $43.85. The business has a 50-day moving average of $37.88 and a two-hundred day moving average of $37.33. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.48 and a current ratio of 2.12. The stock has a market capitalization of $34.12 billion, a PE ratio of 13.34, a price-to-earnings-growth ratio of 0.99 and a beta of 2.00.

Halliburton (NYSE:HAL - Get Free Report) last posted its earnings results on Tuesday, April 23rd. The oilfield services company reported $0.76 EPS for the quarter, beating analysts' consensus estimates of $0.74 by $0.02. Halliburton had a net margin of 11.20% and a return on equity of 30.84%. The company had revenue of $5.80 billion during the quarter, compared to analysts' expectations of $5.67 billion. During the same quarter in the prior year, the company posted $0.72 earnings per share. Halliburton's revenue for the quarter was up 2.2% compared to the same quarter last year. On average, equities analysts forecast that Halliburton will post 3.4 earnings per share for the current fiscal year.

About Halliburton

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.