Charles Schwab Investment Management Inc. Buys 153,419 Shares of Halliburton (NYSE:HAL)

Charles Schwab Investment Management Inc. raised its position in Halliburton (NYSE:HAL - Free Report) by 2.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,444,695 shares of the oilfield services company's stock after acquiring an additional 153,419 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.61% of Halliburton worth $196,819,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Ancora Advisors LLC grew its position in shares of Halliburton by 443.8% during the third quarter. Ancora Advisors LLC now owns 881 shares of the oilfield services company's stock worth $36,000 after purchasing an additional 719 shares in the last quarter. Princeton Global Asset Management LLC purchased a new stake in shares of Halliburton during the fourth quarter worth about $36,000. Criterion Capital Advisors LLC purchased a new stake in shares of Halliburton during the fourth quarter worth about $37,000. Stone House Investment Management LLC purchased a new stake in shares of Halliburton during the fourth quarter worth about $38,000. Finally, Farmers & Merchants Investments Inc. raised its position in shares of Halliburton by 27.2% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 1,385 shares of the oilfield services company's stock valued at $50,000 after buying an additional 296 shares in the last quarter. Institutional investors own 85.23% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on HAL. Citigroup lifted their price target on shares of Halliburton from $45.00 to $50.00 and gave the stock a "buy" rating in a research note on Wednesday, April 24th. Jefferies Financial Group boosted their price objective on shares of Halliburton from $49.00 to $50.00 and gave the stock a "buy" rating in a research note on Wednesday, May 1st. Barclays reduced their price objective on shares of Halliburton from $55.00 to $54.00 and set an "overweight" rating for the company in a research note on Wednesday, January 24th. Morgan Stanley upped their price target on shares of Halliburton from $45.00 to $50.00 and gave the company an "overweight" rating in a research note on Tuesday, April 23rd. Finally, TD Cowen increased their price target on shares of Halliburton from $47.00 to $48.00 and gave the stock a "buy" rating in a report on Wednesday, April 24th. Two analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $48.59.

Insider Activity

In related news, SVP Jill D. Sharp sold 3,346 shares of Halliburton stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $37.00, for a total value of $123,802.00. Following the completion of the transaction, the senior vice president now owns 40,185 shares in the company, valued at $1,486,845. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Jill D. Sharp sold 3,346 shares of Halliburton stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $37.00, for a total value of $123,802.00. Following the transaction, the senior vice president now directly owns 40,185 shares of the company's stock, valued at approximately $1,486,845. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey Allen Miller sold 377,000 shares of Halliburton 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 in the company, valued at $26,793,229.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 434,287 shares of company stock valued at $15,415,304. 0.61% of the stock is currently owned by company insiders.

Halliburton Price Performance

Shares of NYSE HAL traded down $0.42 during mid-day trading on Friday, reaching $37.06. The company's stock had a trading volume of 4,942,235 shares, compared to its average volume of 6,918,891. Halliburton has a 1-year low of $27.84 and a 1-year high of $43.85. The stock has a market capitalization of $32.81 billion, a P/E ratio of 12.93, a P/E/G ratio of 0.93 and a beta of 2.01. The stock has a 50-day moving average of $38.21 and a two-hundred day moving average of $37.07. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.52 and a current ratio of 2.12.

Halliburton (NYSE:HAL - Get Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The oilfield services company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts' expectations of $5.67 billion. During the same period last year, the business earned $0.72 earnings per share. Halliburton's revenue was up 2.2% compared to the same quarter last year. On average, equities research analysts anticipate that Halliburton will post 3.39 EPS for the current fiscal year.

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.