WINTON GROUP Ltd Has $2.06 Million Stake in Halliburton Company $HAL

WINTON GROUP Ltd trimmed its stake in shares of Halliburton Company (NYSE:HAL) by 63.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 72,700 shares of the oilfield services company’s stock after selling 126,010 shares during the period. WINTON GROUP Ltd’s holdings in Halliburton were worth $2,055,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Parallel Advisors LLC lifted its position in shares of Halliburton by 28.8% during the fourth quarter. Parallel Advisors LLC now owns 16,269 shares of the oilfield services company’s stock worth $460,000 after purchasing an additional 3,637 shares in the last quarter. Total Wealth Planning & Management Inc. acquired a new position in shares of Halliburton during the fourth quarter worth approximately $2,125,000. Fore Capital LLC acquired a new position in shares of Halliburton during the fourth quarter worth approximately $283,000. Westfield Capital Management Co. LP acquired a new position in shares of Halliburton during the fourth quarter worth approximately $3,868,000. Finally, Vise Technologies Inc. lifted its position in shares of Halliburton by 32.5% during the fourth quarter. Vise Technologies Inc. now owns 43,741 shares of the oilfield services company’s stock worth $1,236,000 after purchasing an additional 10,729 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Halliburton

In related news, EVP Van H. Beckwith sold 198,349 shares of Halliburton stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $41.29, for a total transaction of $8,189,830.21. Following the completion of the transaction, the executive vice president owned 146,186 shares in the company, valued at approximately $6,036,019.94. This trade represents a 57.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jeffrey Allen Miller sold 158,455 shares of Halliburton stock in a transaction dated Friday, March 27th. The stock was sold at an average price of $40.00, for a total value of $6,338,200.00. Following the transaction, the chief executive officer owned 1,013,027 shares of the company’s stock, valued at $40,521,080. The trade was a 13.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 416,991 shares of company stock valued at $16,846,948 in the last three months. Corporate insiders own 0.57% of the company’s stock.

Halliburton Stock Down 0.2%

Shares of NYSE:HAL opened at $39.12 on Monday. Halliburton Company has a 52 week low of $20.09 and a 52 week high of $43.59. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.54 and a current ratio of 2.08. The company has a market capitalization of $32.68 billion, a PE ratio of 21.49, a PEG ratio of 1.69 and a beta of 0.69. The company has a 50 day moving average price of $39.77 and a two-hundred day moving average price of $34.61.

Halliburton (NYSE:HAL) last released its earnings results on Tuesday, April 21st. The oilfield services company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. The business had revenue of $5.40 billion during the quarter, compared to the consensus estimate of $5.37 billion. Halliburton had a net margin of 6.95% and a return on equity of 19.04%. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.60 earnings per share. Analysts forecast that Halliburton Company will post 2.34 earnings per share for the current year.

Halliburton Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 24th. Investors of record on Wednesday, June 3rd will be issued a dividend of $0.17 per share. The ex-dividend date is Wednesday, June 3rd. This represents a $0.68 dividend on an annualized basis and a yield of 1.7%. Halliburton’s dividend payout ratio (DPR) is presently 37.36%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Halliburton in a research report on Friday, April 10th. Morgan Stanley upped their target price on shares of Halliburton from $40.00 to $42.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. UBS Group boosted their price target on shares of Halliburton from $35.00 to $39.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 7th. Citigroup boosted their price target on shares of Halliburton from $47.00 to $52.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Stifel Nicolaus reissued a “buy” rating and set a $43.00 price target (up from $36.00) on shares of Halliburton in a research note on Wednesday, April 22nd. Eighteen investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.27.

Halliburton Company Profile

Halliburton is one of the world’s largest providers of products and services to the energy industry, offering a broad portfolio that supports the lifecycle of oil and gas reservoirs from exploration and drilling through production and abandonment. Founded in 1919 by Erle P. Halliburton as an oil-well cementing company, the firm is headquartered in Houston, Texas and has developed into an integrated oilfield services company serving upstream operators globally.

The company’s activities encompass drilling and evaluation, well construction and completion, production enhancement and well intervention.