Halliburton (NYSE:HAL) Shares Sold by LSV Asset Management

LSV Asset Management trimmed its position in Halliburton (NYSE:HAL - Free Report) by 87.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 10,900 shares of the oilfield services company's stock after selling 74,000 shares during the period. LSV Asset Management's holdings in Halliburton were worth $394,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Ancora Advisors LLC boosted its holdings in Halliburton by 443.8% in the third quarter. Ancora Advisors LLC now owns 881 shares of the oilfield services company's stock valued at $36,000 after acquiring an additional 719 shares during the last quarter. Princeton Global Asset Management LLC acquired a new stake in shares of Halliburton during the fourth quarter worth $36,000. Criterion Capital Advisors LLC bought a new position in Halliburton during the fourth quarter worth $37,000. Stone House Investment Management LLC acquired a new position in Halliburton in the fourth quarter valued at $38,000. Finally, Farmers & Merchants Investments Inc. boosted its position in Halliburton by 27.2% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 1,385 shares of the oilfield services company's stock valued at $50,000 after acquiring an additional 296 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company's stock.

Insiders Place Their Bets

In other news, Director Margaret Katherine Banks sold 5,000 shares of the business's stock in a transaction that occurred 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 sale, the director now owns 9,625 shares of the company's stock, valued at $339,762.50. The transaction was disclosed in a legal filing 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 stock was sold at an average price of $35.30, for a total transaction of $176,500.00. Following the sale, the director now directly owns 9,625 shares in the company, valued at approximately $339,762.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Jill D. Sharp sold 3,346 shares of Halliburton stock in a transaction dated 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 disclosure for this sale can be found here. Insiders sold 434,287 shares of company stock worth $15,415,304 over the last quarter. 0.61% of the stock is currently owned by company insiders.

Halliburton Stock Performance

Shares of NYSE:HAL traded down $0.41 during mid-day trading on Friday, reaching $37.07. The company had a trading volume of 4,942,408 shares, compared to its average volume of 6,045,718. Halliburton has a one year low of $27.84 and a one year high of $43.85. The company has a current ratio of 2.12, a quick ratio of 1.52 and a debt-to-equity ratio of 0.79. The company's 50-day moving average price is $38.28 and its 200-day moving average price is $37.04. The firm has a market cap of $32.82 billion, a price-to-earnings ratio of 12.83, a PEG ratio of 0.95 and a beta of 2.01.

Halliburton (NYSE:HAL - Get Free Report) last issued its earnings results on Tuesday, April 23rd. The oilfield services company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.02. Halliburton had a return on equity of 30.84% and a net margin of 11.20%. The firm had revenue of $5.80 billion for the quarter, compared to analyst estimates of $5.67 billion. During the same period in the previous year, the company posted $0.72 earnings per share. The business's revenue was up 2.2% on a year-over-year basis. As a group, equities research analysts anticipate that Halliburton will post 3.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. The Goldman Sachs Group boosted their price objective on Halliburton from $46.00 to $48.00 in a research note on Tuesday, April 23rd. Raymond James dropped their price target on Halliburton from $49.00 to $47.00 and set a "strong-buy" rating on the stock in a research note on Wednesday, January 24th. Benchmark restated a "buy" rating and set a $45.00 price objective on shares of Halliburton in a report on Wednesday, April 24th. Jefferies Financial Group raised their price objective on shares of Halliburton from $49.00 to $50.00 and gave the company a "buy" rating in a research note on Wednesday, May 1st. Finally, Barclays decreased their price objective on Halliburton from $55.00 to $54.00 and set an "overweight" rating for the company in a report on Wednesday, January 24th. Two equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $48.59.

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.