Twinbeech Capital LP Has $55.59 Million Position in Halliburton (NYSE:HAL)

Twinbeech Capital LP boosted its position in shares of Halliburton (NYSE:HAL) by 314.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,044,661 shares of the oilfield services company’s stock after purchasing an additional 1,550,920 shares during the quarter. Halliburton accounts for about 1.0% of Twinbeech Capital LP’s investment portfolio, making the stock its 25th biggest holding. Twinbeech Capital LP owned about 0.23% of Halliburton worth $55,594,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Blume Capital Management Inc. boosted its holdings 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 buying an additional 400 shares during the period. Wilmington Savings Fund Society FSB boosted its holdings in shares of Halliburton by 3.7% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 12,776 shares of the oilfield services company’s stock valued at $347,000 after buying an additional 453 shares during the period. Integrated Wealth Concepts LLC boosted its holdings in shares of Halliburton by 0.6% in the fourth 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. boosted its holdings 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 valued at $110,000 after buying an additional 505 shares during the period. Finally, Nikko Asset Management Americas Inc. boosted its holdings in shares of Halliburton by 1.2% in the fourth quarter. Nikko Asset Management Americas Inc. now owns 42,683 shares of the oilfield services company’s stock valued at $1,161,000 after buying an additional 505 shares during the period. Institutional investors and hedge funds own 85.23% of the company’s stock.

Wall Street Analyst Weigh In

HAL has been the subject of several research analyst reports. Benchmark reduced their price target on shares of Halliburton from $40.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. UBS Group reduced their price target on shares of Halliburton from $23.00 to $22.00 and set a “neutral” rating for the company in a report on Thursday, April 24th. Barclays reduced their price target on shares of Halliburton from $29.00 to $26.00 and set an “equal weight” rating for the company in a report on Wednesday, April 23rd. Susquehanna reduced their price target on shares of Halliburton from $32.00 to $30.00 and set a “positive” rating for the company in a report on Wednesday, April 23rd. Finally, The Goldman Sachs Group reduced their target price on shares of Halliburton from $27.00 to $24.00 and set a “buy” rating for the company in a report on Friday, May 2nd. Eight analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $33.53.

Insider Buying and Selling at Halliburton

In other news, VP Timothy Mckeon sold 10,497 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $24.60, for a total value of $258,226.20. Following the transaction, the vice president now directly owns 77,784 shares of the company’s stock, valued at $1,913,486.40. This represents a 11.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Eric Carre sold 51,179 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $25.00, for a total transaction of $1,279,475.00. Following the completion of the transaction, the chief financial officer now directly owns 127,101 shares in the company, valued at $3,177,525. The trade was 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 over the last quarter. 0.56% of the stock is currently owned by insiders.

Halliburton Stock Performance

Shares of HAL stock opened at $21.25 on Monday. The stock has a market cap of $18.26 billion, a P/E ratio of 7.51, a P/E/G ratio of 3.79 and a beta of 1.19. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 1.54. The company has a fifty day moving average price of $22.20 and a two-hundred day moving average price of $25.90. Halliburton has a one year low of $18.72 and a one year high of $38.35.

Halliburton (NYSE:HAL) last announced its quarterly earnings results on Tuesday, April 22nd. The oilfield services company reported $0.60 EPS for the quarter, meeting analysts’ consensus estimates of $0.60. The firm had revenue of $5.42 billion during the quarter, compared to analysts’ expectations of $5.28 billion. Halliburton had a net margin of 10.90% and a return on equity of 26.03%. As a group, equities analysts predict that Halliburton will post 2.64 EPS for the current year.

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.