New York Life Investment Management LLC Sells 4,060 Shares of Halliburton (NYSE:HAL)

New York Life Investment Management LLC reduced its position in shares of Halliburton (NYSE:HAL) by 2.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 139,385 shares of the oilfield services company’s stock after selling 4,060 shares during the quarter. New York Life Investment Management LLC’s holdings in Halliburton were worth $5,039,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Sourcerock Group LLC boosted its holdings in shares of Halliburton by 237.6% during the third quarter. Sourcerock Group LLC now owns 1,677,194 shares of the oilfield services company’s stock worth $67,926,000 after purchasing an additional 1,180,406 shares during the period. Jennison Associates LLC grew its position in shares of Halliburton by 51.2% in the 4th quarter. Jennison Associates LLC now owns 2,539,062 shares of the oilfield services company’s stock worth $91,787,000 after buying an additional 859,440 shares during the last quarter. Schonfeld Strategic Advisors LLC increased its stake in shares of Halliburton by 1,507.6% during the third quarter. Schonfeld Strategic Advisors LLC now owns 852,357 shares of the oilfield services company’s stock valued at $34,520,000 after buying an additional 799,337 shares during the period. Barclays PLC lifted its stake in Halliburton by 32.7% in the third quarter. Barclays PLC now owns 2,339,859 shares of the oilfield services company’s stock worth $94,766,000 after acquiring an additional 575,933 shares during the period. Finally, Nordea Investment Management AB boosted its holdings in Halliburton by 271.0% in the fourth quarter. Nordea Investment Management AB now owns 768,057 shares of the oilfield services company’s stock valued at $27,781,000 after acquiring an additional 561,020 shares in the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Halliburton Price Performance

Shares of HAL opened at $36.73 on Friday. The stock has a market cap of $32.51 billion, a PE ratio of 12.71, a P/E/G ratio of 0.93 and a beta of 2.01. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.12 and a quick ratio of 1.52. Halliburton has a 1-year low of $27.84 and a 1-year high of $43.85. The firm has a 50-day simple moving average of $38.05 and a two-hundred day simple moving average of $37.27.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Tuesday, April 23rd. The oilfield services company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.02. The business had revenue of $5.80 billion for 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 company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period last year, the firm earned $0.72 earnings per share. As a group, analysts forecast that Halliburton will post 3.39 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on HAL shares. Morgan Stanley upped their price objective on shares of Halliburton from $45.00 to $50.00 and gave the stock an “overweight” rating in a report on Tuesday, April 23rd. Wells Fargo & Company cut their price target on shares of Halliburton from $50.00 to $49.00 and set an “overweight” rating on the stock in a report on Monday, April 29th. Raymond James reduced their price objective on Halliburton from $49.00 to $47.00 and set a “strong-buy” rating for the company in a research report on Wednesday, January 24th. StockNews.com downgraded shares of Halliburton from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Barclays decreased their target price on shares of Halliburton from $55.00 to $54.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 24th. Two analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Halliburton currently has a consensus rating of “Moderate Buy” and an average price target of $48.59.

Insider Buying and Selling

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

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.