Schonfeld Strategic Advisors LLC Has $3.88 Million Stake in Halliburton (NYSE:HAL)

Schonfeld Strategic Advisors LLC trimmed its holdings in shares of Halliburton (NYSE:HAL - Free Report) by 57.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 142,803 shares of the oilfield services company's stock after selling 189,560 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Halliburton were worth $3,883,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Sanders Capital LLC raised its position in shares of Halliburton by 1.6% in the 4th quarter. Sanders Capital LLC now owns 24,372,694 shares of the oilfield services company's stock valued at $662,694,000 after purchasing an additional 375,054 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Halliburton by 4.4% in the fourth quarter. Geode Capital Management LLC now owns 21,538,632 shares of the oilfield services company's stock worth $584,139,000 after buying an additional 908,271 shares during the last quarter. Pacer Advisors Inc. raised its holdings in Halliburton by 10.4% in the fourth quarter. Pacer Advisors Inc. now owns 18,530,937 shares of the oilfield services company's stock valued at $503,856,000 after acquiring an additional 1,748,763 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Halliburton by 15.6% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 16,093,680 shares of the oilfield services company's stock valued at $437,587,000 after acquiring an additional 2,171,722 shares during the last quarter. Finally, Amundi grew its holdings in Halliburton by 22.2% during the 4th quarter. Amundi now owns 13,068,025 shares of the oilfield services company's stock worth $353,242,000 after acquiring an additional 2,378,043 shares in the last quarter. 85.23% of the stock is owned by hedge funds and other institutional investors.

Halliburton Price Performance

NYSE HAL traded down $0.10 on Wednesday, reaching $19.34. 19,330,677 shares of the stock traded hands, compared to its average volume of 10,217,902. Halliburton has a 12 month low of $18.72 and a 12 month high of $38.35. The company has a market cap of $16.62 billion, a price-to-earnings ratio of 6.83, a P/E/G ratio of 3.79 and a beta of 1.19. The firm's fifty day simple moving average is $22.85 and its 200 day simple moving average is $26.31. 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 issued its earnings results on Tuesday, April 22nd. The oilfield services company reported $0.60 earnings per share for the quarter, hitting analysts' consensus estimates of $0.60. The firm had revenue of $5.42 billion during the quarter, compared to analysts' expectations of $5.28 billion. Halliburton had a net margin of 10.90% and a return on equity of 26.03%. As a group, research analysts predict that Halliburton will post 2.64 EPS for the current fiscal year.

Halliburton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 3.52%. The ex-dividend date of this dividend was Wednesday, March 5th. Halliburton's dividend payout ratio is 28.45%.

Insider Buying and Selling

In other Halliburton news, CFO Eric Carre sold 141,206 shares of the business's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $26.13, for a total transaction of $3,689,712.78. Following the sale, the chief financial officer now directly owns 127,101 shares of the company's stock, valued at $3,321,149.13. The trade was a 52.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Timothy Mckeon sold 10,497 shares of the stock in a transaction on Friday, March 7th. The shares were sold at an average price of $24.60, for a total value of $258,226.20. Following the completion of the sale, the vice president now owns 77,784 shares of the company's stock, valued at $1,913,486.40. The trade was a 11.89 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 206,782 shares of company stock valued at $5,321,170. 0.56% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

HAL has been the topic of several research analyst reports. Benchmark reduced their price target on shares of Halliburton from $40.00 to $35.00 and set a "buy" rating on the stock in a research report on Thursday, January 23rd. Hsbc Global Res raised shares of Halliburton to a "hold" rating in a report on Wednesday, April 23rd. Stifel Nicolaus reduced their price target on shares of Halliburton from $37.00 to $32.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Evercore ISI decreased their price target on shares of Halliburton from $43.00 to $35.00 and set an "outperform" rating for the company in a report on Wednesday, January 15th. Finally, The Goldman Sachs Group cut their target price on shares of Halliburton from $27.00 to $24.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Eight research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Halliburton has a consensus rating of "Moderate Buy" and an average price target of $33.84.

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.