Fisher Asset Management LLC Cuts Position in Halliburton (NYSE:HAL)

Fisher Asset Management LLC trimmed its stake in shares of Halliburton (NYSE:HAL - Free Report) by 16.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 253,286 shares of the oilfield services company's stock after selling 50,007 shares during the period. Fisher Asset Management LLC's holdings in Halliburton were worth $9,156,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of HAL. Pinnacle Associates Ltd. acquired a new stake in shares of Halliburton during the third quarter worth $229,000. Lindbrook Capital LLC lifted its holdings in shares of Halliburton by 33.5% during the 3rd quarter. Lindbrook Capital LLC now owns 3,691 shares of the oilfield services company's stock worth $149,000 after acquiring an additional 927 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Halliburton by 3.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 325,771 shares of the oilfield services company's stock worth $13,194,000 after acquiring an additional 9,895 shares during the last quarter. Mackenzie Financial Corp increased its position in Halliburton by 2.0% during the third quarter. Mackenzie Financial Corp now owns 88,275 shares of the oilfield services company's stock worth $3,536,000 after purchasing an additional 1,737 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC raised its stake in Halliburton by 17.4% during the third quarter. GPS Wealth Strategies Group LLC now owns 2,034 shares of the oilfield services company's stock worth $82,000 after purchasing an additional 301 shares during the period. Institutional investors and hedge funds own 85.23% of the company's stock.

Wall Street Analysts Forecast Growth

HAL has been the topic of a number of research analyst reports. Morgan Stanley lifted their target price on Halliburton from $45.00 to $50.00 and gave the company an "overweight" rating in a report on Tuesday, April 23rd. UBS Group upped their price target on shares of Halliburton from $46.00 to $51.00 and gave the stock a "buy" rating in a research report on Tuesday, April 23rd. The Goldman Sachs Group raised their price target on shares of Halliburton from $46.00 to $48.00 in a report on Tuesday, April 23rd. Jefferies Financial Group raised their price objective on Halliburton from $49.00 to $50.00 and gave the company a "buy" rating in a research note on Wednesday, May 1st. Finally, Citigroup increased their target price on Halliburton from $45.00 to $50.00 and gave the company a "buy" rating in a research note on Wednesday, April 24th. Two research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Halliburton currently has an average rating of "Moderate Buy" and an average price target of $48.59.

Halliburton Price Performance

NYSE:HAL traded up $0.28 during trading hours on Tuesday, reaching $37.20. 4,508,501 shares of the company's stock were exchanged, compared to its average volume of 6,984,381. The company has a market capitalization of $32.93 billion, a P/E ratio of 12.87, a price-to-earnings-growth ratio of 0.93 and a beta of 2.01. Halliburton has a 12 month low of $27.84 and a 12 month high of $43.85. The business's 50-day simple moving average is $38.16 and its two-hundred day simple moving average is $37.07. The company has a quick ratio of 1.52, a current ratio of 2.12 and a debt-to-equity ratio of 0.79.

Halliburton (NYSE:HAL - Get Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The oilfield services company reported $0.76 EPS for the quarter, topping 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 firm had revenue of $5.80 billion during the quarter, compared to analyst estimates of $5.67 billion. During the same quarter last year, the business posted $0.72 EPS. The company's revenue was up 2.2% on a year-over-year basis. Sell-side analysts expect that Halliburton will post 3.39 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Margaret Katherine Banks sold 5,000 shares of the 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 transaction, the director now owns 9,625 shares in the company, valued at approximately $339,762.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 transaction of $176,500.00. Following the transaction, the director now owns 9,625 shares of the company's stock, valued at $339,762.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeffrey Allen Miller sold 377,000 shares of the stock in a transaction on Monday, March 4th. The shares were 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 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. Insiders own 0.61% of the company's stock.

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.