Headlands Technologies LLC Has $803,000 Stock Position in Halliburton (NYSE:HAL)

Headlands Technologies LLC lowered its position in Halliburton (NYSE:HAL) by 42.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,201 shares of the oilfield services company’s stock after selling 16,072 shares during the period. Headlands Technologies LLC’s holdings in Halliburton were worth $803,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Citizens Financial Group Inc. RI boosted its stake in Halliburton by 3.9% during the fourth quarter. Citizens Financial Group Inc. RI now owns 34,361 shares of the oilfield services company’s stock valued at $1,242,000 after buying an additional 1,300 shares during the period. Truist Financial Corp grew its holdings in shares of Halliburton by 1.2% during the fourth quarter. Truist Financial Corp now owns 1,132,713 shares of the oilfield services company’s stock worth $40,948,000 after purchasing an additional 13,124 shares in the last quarter. Stevens Capital Management LP grew its holdings in shares of Halliburton by 292.9% during the fourth quarter. Stevens Capital Management LP now owns 26,722 shares of the oilfield services company’s stock worth $966,000 after purchasing an additional 19,920 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of Halliburton by 4.2% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 43,562 shares of the oilfield services company’s stock worth $1,575,000 after purchasing an additional 1,763 shares in the last quarter. Finally, GAMMA Investing LLC purchased a new position in Halliburton in the 4th quarter worth approximately $268,000. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Halliburton Trading Down 0.5 %

Shares of NYSE:HAL traded down $0.18 on Friday, hitting $38.54. The company had a trading volume of 5,056,558 shares, compared to its average volume of 5,718,629. The firm’s 50-day simple moving average is $37.88 and its two-hundred day simple moving average is $37.39. Halliburton has a 1 year low of $27.84 and a 1 year high of $43.85. The company has a quick ratio of 1.48, a current ratio of 2.12 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $34.12 billion, a price-to-earnings ratio of 13.34, a P/E/G ratio of 1.00 and a beta of 2.00.

Halliburton (NYSE:HAL) last released its earnings results on Tuesday, April 23rd. The oilfield services company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. The company had revenue of $5.80 billion during the quarter, compared to analysts’ expectations of $5.67 billion. Halliburton had a return on equity of 30.84% and a net margin of 11.20%. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.72 EPS. Equities analysts anticipate that Halliburton will post 3.4 earnings per share for the current fiscal year.

Insider Transactions at Halliburton

In related news, Director Margaret Katherine Banks sold 5,000 shares of Halliburton stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $35.30, for a total value of $176,500.00. Following the completion of the sale, the director now directly owns 9,625 shares in the company, valued at approximately $339,762.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Halliburton news, Director Margaret Katherine Banks sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $35.30, for a total transaction of $176,500.00. Following the sale, the director now directly owns 9,625 shares of the company’s stock, valued at $339,762.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jeffrey Allen Miller sold 377,000 shares of Halliburton stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $35.30, for a total transaction of $13,308,100.00. Following the sale, the chief executive officer now owns 759,015 shares in the company, valued at approximately $26,793,229.50. The disclosure for this sale can be found here. 0.61% of the stock is owned by insiders.

Analysts Set New Price Targets

HAL has been the subject of a number of research reports. The Goldman Sachs Group upped their price objective on Halliburton from $46.00 to $48.00 in a report on Tuesday. Benchmark reaffirmed a “buy” rating and issued a $45.00 price objective on shares of Halliburton in a research note on Wednesday. Morgan Stanley upped their price target on shares of Halliburton from $45.00 to $50.00 and gave the company an “overweight” rating in a research report on Tuesday. StockNews.com upgraded shares of Halliburton from a “hold” rating to a “buy” rating in a research report on Monday, April 22nd. Finally, UBS Group increased their target price on Halliburton from $46.00 to $51.00 and gave the company a “buy” rating in a report on Tuesday. One investment analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $48.82.

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.