Point72 Hong Kong Ltd Takes Position in Halliburton (NYSE:HAL)

Point72 Hong Kong Ltd bought a new stake in Halliburton (NYSE:HAL - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 141,067 shares of the oilfield services company's stock, valued at approximately $3,836,000.

Several other institutional investors also recently bought and sold shares of the company. Blume Capital Management Inc. grew its position in Halliburton by 33.3% in the 4th quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company's stock valued at $44,000 after acquiring an additional 400 shares in the last quarter. Wilmington Savings Fund Society FSB grew its position in Halliburton by 3.7% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 12,776 shares of the oilfield services company's stock valued at $347,000 after acquiring an additional 453 shares in the last quarter. Integrated Wealth Concepts LLC grew its position in Halliburton by 0.6% in the 4th quarter. Integrated Wealth Concepts LLC now owns 84,675 shares of the oilfield services company's stock valued at $2,302,000 after acquiring an additional 484 shares in the last quarter. UMB Bank n.a. grew its position in Halliburton by 14.3% in the 4th quarter. UMB Bank n.a. now owns 4,036 shares of the oilfield services company's stock valued at $110,000 after acquiring an additional 505 shares in the last quarter. Finally, Nikko Asset Management Americas Inc. grew its position in Halliburton by 1.2% in the 4th quarter. Nikko Asset Management Americas Inc. now owns 42,683 shares of the oilfield services company's stock valued at $1,161,000 after acquiring an additional 505 shares in the last quarter. 85.23% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Eric Carre sold 51,179 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $25.00, for a total value of $1,279,475.00. Following the completion of the transaction, the chief financial officer now owns 127,101 shares of the company's stock, valued at approximately $3,177,525. This represents a 28.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Timothy Mckeon sold 10,497 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $24.60, for a total value of $258,226.20. Following the completion of the transaction, the vice president now directly owns 77,784 shares of the company's stock, valued at approximately $1,913,486.40. The trade was a 11.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 65,576 shares of company stock worth $1,631,457 in the last three months. 0.61% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

HAL has been the subject of several research reports. Citigroup dropped their target price on Halliburton from $33.00 to $31.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Barclays lowered their price objective on Halliburton from $29.00 to $26.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 23rd. UBS Group lowered their price objective on Halliburton from $23.00 to $22.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Wells Fargo & Company lowered their price objective on Halliburton from $29.00 to $27.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. Finally, Stifel Nicolaus lowered their price objective on Halliburton from $37.00 to $32.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Eight research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, Halliburton currently has an average rating of "Moderate Buy" and an average target price of $33.53.

Halliburton Stock Up 1.0%

Shares of HAL traded up $0.21 during trading on Friday, reaching $21.25. The company's stock had a trading volume of 13,147,109 shares, compared to its average volume of 10,512,967. The company has a fifty day moving average of $22.20 and a two-hundred day moving average of $25.91. Halliburton has a twelve month low of $18.72 and a twelve month high of $38.35. The company has a market cap of $18.26 billion, a price-to-earnings ratio of 7.51, a P/E/G ratio of 3.79 and a beta of 1.19. The company has a quick ratio of 1.54, a current ratio of 2.05 and a debt-to-equity ratio of 0.68.

Halliburton (NYSE:HAL - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The oilfield services company reported $0.60 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.60. Halliburton had a return on equity of 26.03% and a net margin of 10.90%. The company had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.28 billion. On average, sell-side analysts predict that Halliburton will post 2.64 EPS 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.