Numerai GP LLC Boosts Stock Position in Halliburton (NYSE:HAL)

Numerai GP LLC boosted its position in shares of Halliburton (NYSE:HAL) by 6.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,331 shares of the oilfield services company’s stock after acquiring an additional 655 shares during the quarter. Numerai GP LLC’s holdings in Halliburton were worth $281,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HAL. Blume Capital Management Inc. boosted its stake in shares of Halliburton by 33.3% in the fourth quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company’s stock valued at $44,000 after purchasing an additional 400 shares during the period. Wilmington Savings Fund Society FSB lifted its holdings 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 buying an additional 453 shares in the last quarter. Integrated Wealth Concepts LLC boosted 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 buying an additional 484 shares during the period. UMB Bank n.a. grew its stake in shares of Halliburton by 14.3% in the fourth 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. Finally, Nikko Asset Management Americas Inc. increased its position in shares of Halliburton by 1.2% during the fourth quarter. Nikko Asset Management Americas Inc. now owns 42,683 shares of the oilfield services company’s stock worth $1,161,000 after acquiring an additional 505 shares during the period. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Halliburton Stock Down 0.9%

Shares of NYSE HAL opened at $21.03 on Friday. The business has a 50-day moving average price of $22.27 and a 200 day moving average price of $25.97. The stock has a market cap of $18.08 billion, a PE ratio of 7.43, a price-to-earnings-growth 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 has a 52-week low of $18.72 and a 52-week high of $38.35.

Halliburton (NYSE:HAL) last posted its quarterly earnings data on Tuesday, April 22nd. The oilfield services company reported $0.60 earnings per share for the quarter, meeting the consensus estimate 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%. Equities research analysts forecast that Halliburton will post 2.64 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. The Goldman Sachs Group decreased their target price on Halliburton from $27.00 to $24.00 and set a “buy” rating for the company in a report on Friday, May 2nd. UBS Group decreased their price objective on Halliburton from $23.00 to $22.00 and set a “neutral” rating for the company in a research note on Thursday, April 24th. Susquehanna cut their target price on shares of Halliburton from $32.00 to $30.00 and set a “positive” rating on the stock in a research note on Wednesday, April 23rd. Barclays reduced their target price on shares of Halliburton from $29.00 to $26.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 23rd. Finally, Hsbc Global Res upgraded shares of Halliburton to a “hold” rating in a report on Wednesday, April 23rd. Eight research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $33.84.

Insider Buying and Selling

In related news, VP Timothy Mckeon sold 10,497 shares of Halliburton stock in a transaction on Friday, March 7th. The stock was sold at an average price of $24.60, for a total transaction 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Eric Carre sold 51,179 shares of the business’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $25.00, for a total transaction of $1,279,475.00. Following the completion of the sale, the chief financial officer now owns 127,101 shares in the company, valued at $3,177,525. This represents a 28.71% decrease in their ownership of the stock. 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 90 days. Company insiders own 0.61% of the company’s stock.

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.