SIR Capital Management L.P. Purchases Shares of 347,527 Halliburton (NYSE:HAL)

SIR Capital Management L.P. bought a new position in shares of Halliburton (NYSE:HAL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 347,527 shares of the oilfield services company's stock, valued at approximately $9,449,000.

Several other large investors also recently made changes to their positions in HAL. Horrell Capital Management Inc. bought a new stake in shares of Halliburton during the fourth quarter worth $33,000. Sierra Ocean LLC acquired a new position in shares of Halliburton during the fourth quarter valued at $36,000. Blume Capital Management Inc. lifted its stake in shares of Halliburton by 33.3% during the fourth 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 during the period. Wingate Wealth Advisors Inc. acquired a new position in shares of Halliburton during the fourth quarter valued at $52,000. Finally, Quent Capital LLC lifted its stake in shares of Halliburton by 261.1% during the fourth quarter. Quent Capital LLC now owns 2,246 shares of the oilfield services company's stock valued at $61,000 after acquiring an additional 1,624 shares during the period. Institutional investors own 85.23% of the company's stock.

Halliburton Stock Down 1.8%

Shares of NYSE:HAL traded down $0.38 during mid-day trading on Monday, reaching $20.87. 10,084,716 shares of the stock were exchanged, compared to its average volume of 10,511,262. The company has a quick ratio of 1.54, a current ratio of 2.05 and a debt-to-equity ratio of 0.68. The company has a market cap of $17.94 billion, a P/E ratio of 7.37, a P/E/G ratio of 3.79 and a beta of 1.19. Halliburton has a one year low of $18.72 and a one year high of $38.35. The stock's 50 day simple moving average is $22.20 and its 200-day simple moving average is $25.90.

Halliburton (NYSE:HAL - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The oilfield services company reported $0.60 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.60. The business had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.28 billion. Halliburton had a return on equity of 26.03% and a net margin of 10.90%. As a group, equities research analysts predict that Halliburton will post 2.64 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HAL. UBS Group cut their price target on Halliburton from $23.00 to $22.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Morgan Stanley cut their price target on Halliburton from $34.00 to $28.00 and set an "overweight" rating on the stock in a research note on Friday. Benchmark cut their price target on Halliburton from $40.00 to $35.00 and set a "buy" rating on the stock in a research note on Thursday, January 23rd. Susquehanna cut their price target on Halliburton from $32.00 to $30.00 and set a "positive" rating on the stock in a research note on Wednesday, April 23rd. Finally, Hsbc Global Res raised Halliburton to a "hold" rating in a research note on Wednesday, April 23rd. Eight investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $33.53.

Insider Buying and Selling

In other Halliburton news, Director Margaret Katherine Banks sold 3,900 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $24.04, for a total value of $93,756.00. Following the completion of the transaction, the director now directly owns 10,551 shares in the company, valued at $253,646.04. This trade represents a 26.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Timothy Mckeon sold 10,497 shares of the firm's stock in a transaction that occurred 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 transaction, the vice president now owns 77,784 shares of the company's stock, valued at approximately $1,913,486.40. This represents a 11.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 65,576 shares of company stock worth $1,631,457. 0.56% of the stock is owned by corporate insiders.

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.