Quantinno Capital Management LP Buys 38,149 Shares of Halliburton (NYSE:HAL)

Quantinno Capital Management LP lifted its stake in Halliburton (NYSE:HAL) by 54.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 107,766 shares of the oilfield services company’s stock after buying an additional 38,149 shares during the period. Quantinno Capital Management LP’s holdings in Halliburton were worth $2,930,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Mufg Securities Americas Inc. acquired a new stake in shares of Halliburton in the 4th quarter valued at $353,000. Nissay Asset Management Corp Japan ADV boosted its holdings in shares of Halliburton by 0.7% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 110,040 shares of the oilfield services company’s stock valued at $2,948,000 after purchasing an additional 783 shares in the last quarter. NorthRock Partners LLC boosted its holdings in shares of Halliburton by 20.9% in the 4th quarter. NorthRock Partners LLC now owns 10,587 shares of the oilfield services company’s stock valued at $288,000 after purchasing an additional 1,828 shares in the last quarter. Nuveen Asset Management LLC boosted its holdings in shares of Halliburton by 18.6% in the 4th quarter. Nuveen Asset Management LLC now owns 2,360,415 shares of the oilfield services company’s stock valued at $64,180,000 after purchasing an additional 370,058 shares in the last quarter. Finally, Numerai GP LLC boosted its holdings in shares of Halliburton by 6.8% in the 4th quarter. Numerai GP LLC now owns 10,331 shares of the oilfield services company’s stock valued at $281,000 after purchasing an additional 655 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors.

Halliburton Stock Performance

NYSE HAL opened at $20.87 on Tuesday. The company has a market capitalization of $17.94 billion, a price-to-earnings ratio of 7.37, a PEG ratio of 3.79 and a beta of 1.19. Halliburton has a twelve month low of $18.72 and a twelve month high of $38.35. The stock has a fifty day simple moving average of $22.12 and a 200 day simple moving average of $25.85. The company has a quick ratio of 1.54, a current ratio of 2.05 and a debt-to-equity ratio of 0.68.

Halliburton (NYSE:HAL) last released its 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 business had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.28 billion. Sell-side analysts expect that Halliburton will post 2.64 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on HAL shares. Hsbc Global Res raised Halliburton to a “hold” rating in a report on Wednesday, April 23rd. The Goldman Sachs Group reduced their target price on Halliburton from $27.00 to $24.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. Morgan Stanley reduced their target price on Halliburton from $34.00 to $28.00 and set an “overweight” rating on the stock in a report on Friday. Citigroup reduced their target price on Halliburton from $33.00 to $31.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. Finally, Barclays dropped their price target on Halliburton from $29.00 to $26.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 23rd. Eight equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $33.53.

Insiders Place Their Bets

In other Halliburton news, CFO Eric Carre sold 51,179 shares of the stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $25.00, for a total transaction of $1,279,475.00. Following the completion of the sale, the chief financial officer now directly owns 127,101 shares in the company, valued at approximately $3,177,525. This trade represents a 28.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Timothy Mckeon sold 10,497 shares of the stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $24.60, for a total value of $258,226.20. Following the sale, the vice president now owns 77,784 shares of the company’s stock, valued at approximately $1,913,486.40. The trade was a 11.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 65,576 shares of company stock worth $1,631,457. Company 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.