Tidal Investments LLC Has $3.46 Million Stock Holdings in Halliburton (NYSE:HAL)

Tidal Investments LLC increased its holdings in Halliburton (NYSE:HAL) by 89.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 127,390 shares of the oilfield services company’s stock after purchasing an additional 60,010 shares during the period. Tidal Investments LLC’s holdings in Halliburton were worth $3,464,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Horrell Capital Management Inc. acquired a new position in Halliburton in the fourth quarter valued at about $33,000. Sierra Ocean LLC bought a new position in Halliburton in the 4th quarter valued at $36,000. Blume Capital Management Inc. raised its position in Halliburton by 33.3% in the 4th 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 last quarter. Wingate Wealth Advisors Inc. bought a new position in Halliburton in the 4th quarter valued at $52,000. Finally, Quent Capital LLC raised its position in Halliburton by 261.1% in the 4th quarter. Quent Capital LLC now owns 2,246 shares of the oilfield services company’s stock valued at $61,000 after purchasing an additional 1,624 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on HAL shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $34.00 price objective on shares of Halliburton in a research report on Thursday, January 23rd. Stifel Nicolaus cut their target price on shares of Halliburton from $37.00 to $32.00 and set a “buy” rating on the stock in a research report on Wednesday, April 23rd. Citigroup cut their target price on shares of Halliburton from $33.00 to $31.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. UBS Group cut their target price on shares of Halliburton from $23.00 to $22.00 and set a “neutral” rating on the stock in a research report on Thursday, April 24th. Finally, Barclays cut their target price on shares of Halliburton from $29.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 23rd. Eight analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $33.53.

Halliburton Price Performance

HAL opened at $19.91 on Thursday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05. The stock has a market capitalization of $17.12 billion, a PE ratio of 7.04, a price-to-earnings-growth ratio of 3.79 and a beta of 1.19. The stock’s 50 day moving average price is $21.94 and its 200-day moving average price is $25.77. Halliburton has a 52-week low of $18.72 and a 52-week high of $37.49.

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

Insider Activity

In related news, Director Margaret Katherine Banks sold 3,900 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $24.04, for a total value of $93,756.00. Following the sale, the director now owns 10,551 shares in the company, valued at approximately $253,646.04. This trade represents a 26.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Eric Carre sold 51,179 shares of the company’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $25.00, for a total value of $1,279,475.00. Following the sale, the chief financial officer now owns 127,101 shares of the company’s stock, valued at approximately $3,177,525. This trade represents a 28.71% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 65,576 shares of company stock worth $1,631,457. Insiders own 0.56% 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.