Quarry LP Has $779,000 Holdings in Halliburton (NYSE:HAL)

Quarry LP lifted its position in shares of Halliburton (NYSE:HAL - Free Report) by 760.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,649 shares of the oilfield services company's stock after purchasing an additional 25,320 shares during the period. Quarry LP's holdings in Halliburton were worth $779,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. HBW Advisory Services LLC raised its stake in Halliburton by 3.9% during the 4th quarter. HBW Advisory Services LLC now owns 10,504 shares of the oilfield services company's stock worth $286,000 after acquiring an additional 397 shares in the last quarter. Blume Capital Management Inc. raised its stake in Halliburton by 33.3% during the 4th quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company's stock worth $44,000 after acquiring an additional 400 shares in the last quarter. Wilmington Savings Fund Society FSB raised its stake in Halliburton by 3.7% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 12,776 shares of the oilfield services company's stock worth $347,000 after acquiring an additional 453 shares in the last quarter. Integrated Wealth Concepts LLC raised its stake in Halliburton by 0.6% during the 4th quarter. Integrated Wealth Concepts LLC now owns 84,675 shares of the oilfield services company's stock worth $2,302,000 after acquiring an additional 484 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in Halliburton by 14.3% during the 4th quarter. UMB Bank n.a. now owns 4,036 shares of the oilfield services company's stock worth $110,000 after acquiring an additional 505 shares in the last quarter. 85.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HAL has been the subject of a number of analyst reports. UBS Group cut their target price on Halliburton from $23.00 to $22.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. JPMorgan Chase & Co. dropped their price objective on Halliburton from $35.00 to $33.00 and set an "overweight" rating for the company in a research note on Thursday, January 2nd. Barclays dropped their price target 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. Jefferies Financial Group lowered their price objective on Halliburton from $43.00 to $41.00 and set a "buy" rating for the company in a research report on Friday, January 3rd. Finally, 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. Eight research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $34.68.

Insider Buying and Selling at Halliburton

In other news, VP Timothy Mckeon sold 10,497 shares of the firm's 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 transaction, the vice president now directly owns 77,784 shares in the company, valued at $1,913,486.40. This trade represents a 11.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Eric Carre sold 141,206 shares of the firm's stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $26.13, for a total value of $3,689,712.78. Following the completion of the transaction, the chief financial officer now owns 127,101 shares in the company, valued at $3,321,149.13. This represents a 52.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 206,782 shares of company stock worth $5,321,170. Insiders own 0.61% of the company's stock.

Halliburton Price Performance

HAL stock traded down $0.69 during trading on Wednesday, hitting $19.82. 15,051,490 shares of the stock traded hands, compared to its average volume of 10,010,596. Halliburton has a one year low of $18.72 and a one year high of $38.35. The stock has a market cap of $17.08 billion, a price-to-earnings ratio of 7.00, a P/E/G ratio of 3.79 and a beta of 1.45. The company has a 50 day simple moving average of $23.49 and a 200 day simple moving average of $26.64. The company has a current ratio of 2.05, a quick ratio of 1.54 and a debt-to-equity ratio of 0.68.

Halliburton (NYSE:HAL - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The oilfield services company reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60. Halliburton had a net margin of 10.90% and a return on equity of 26.03%. The firm had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.28 billion. Equities analysts expect that Halliburton will post 2.64 EPS for the current fiscal year.

Halliburton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were given a $0.17 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.68 dividend on an annualized basis and a yield of 3.43%. Halliburton's payout ratio is 28.45%.

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.