Boston Partners Trims Holdings in Halliburton (NYSE:HAL)

Boston Partners lessened its stake in Halliburton (NYSE:HAL - Free Report) by 24.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,288,758 shares of the oilfield services company's stock after selling 5,361,466 shares during the quarter. Halliburton makes up 0.8% of Boston Partners' holdings, making the stock its 24th biggest position. Boston Partners owned about 1.82% of Halliburton worth $588,026,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in HAL. Ieq Capital LLC increased its position in Halliburton by 15.4% during the fourth quarter. Ieq Capital LLC now owns 38,531 shares of the oilfield services company's stock worth $1,393,000 after buying an additional 5,150 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in Halliburton by 7.8% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 17,924 shares of the oilfield services company's stock valued at $648,000 after acquiring an additional 1,304 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Halliburton by 24.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,878,811 shares of the oilfield services company's stock valued at $284,822,000 after purchasing an additional 1,568,485 shares during the last quarter. Principal Securities Inc. bought a new position in Halliburton during the fourth quarter worth $285,000. Finally, Advantage Trust Co bought a new position in shares of Halliburton in the fourth quarter valued at about $54,000. 85.23% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, SVP Jill D. Sharp sold 3,346 shares of the stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $37.00, for a total value of $123,802.00. Following the completion of the sale, the senior vice president now owns 40,185 shares of the company's stock, valued at $1,486,845. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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 transaction, the director now owns 9,625 shares in the company, valued at $339,762.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Jill D. Sharp sold 3,346 shares of the stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $37.00, for a total value of $123,802.00. Following the sale, the senior vice president now owns 40,185 shares of the company's stock, valued at $1,486,845. The disclosure for this sale can be found here. Insiders have sold a total of 434,287 shares of company stock valued at $15,415,304 over the last 90 days. 0.61% of the stock is owned by insiders.

Halliburton Trading Down 1.1 %

Shares of NYSE:HAL traded down $0.41 during midday trading on Friday, hitting $37.07. 4,942,408 shares of the stock were exchanged, compared to its average volume of 6,045,718. The business's 50-day moving average price is $38.28 and its 200 day moving average price is $37.01. Halliburton has a 12 month low of $27.84 and a 12 month high of $43.85. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.52 and a current ratio of 2.12. The stock has a market capitalization of $32.82 billion, a price-to-earnings ratio of 12.83, a P/E/G ratio of 0.94 and a beta of 2.01.

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. The Goldman Sachs Group lifted their target price on Halliburton from $46.00 to $48.00 in a report on Tuesday, April 23rd. Jefferies Financial Group upped their target price on Halliburton from $49.00 to $50.00 and gave the company a "buy" rating in a research report on Wednesday, May 1st. Susquehanna restated a "positive" rating and issued a $49.00 price target on shares of Halliburton in a research report on Monday, April 8th. Wells Fargo & Company reduced their price objective on shares of Halliburton from $50.00 to $49.00 and set an "overweight" rating on the stock in a research note on Monday, April 29th. Finally, Barclays cut their price target on shares of Halliburton from $55.00 to $54.00 and set an "overweight" rating for the company in a report on Wednesday, January 24th. Two investment 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 stock. According to MarketBeat.com, Halliburton presently has an average rating of "Moderate Buy" and an average target price of $48.59.

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.