Allegis Investment Advisors LLC purchased a new position in Halliburton Company (NYSE:HAL) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 4,216 shares of the oilfield services company’s stock, valued at approximately $206,000.

Other hedge funds have also made changes to their positions in the company. IFG Advisory LLC purchased a new stake in Halliburton in the fourth quarter worth $253,000. Calton & Associates Inc. purchased a new position in Halliburton during the fourth quarter valued at $128,000. Cerebellum GP LLC purchased a new position in Halliburton during the fourth quarter valued at $131,000. YorkBridge Wealth Partners LLC lifted its position in Halliburton by 243.3% during the third quarter. YorkBridge Wealth Partners LLC now owns 3,165 shares of the oilfield services company’s stock valued at $146,000 after buying an additional 2,243 shares during the period. Finally, Nicolet Bankshares Inc. purchased a new position in Halliburton during the fourth quarter valued at $193,000. 80.38% of the stock is owned by institutional investors.

In related news, VP Anne L. Beaty sold 2,937 shares of Halliburton stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $51.57, for a total value of $151,461.09. Following the completion of the sale, the vice president now directly owns 60,839 shares in the company, valued at approximately $3,137,467.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Timothy Mckeon sold 4,583 shares of Halliburton stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $54.95, for a total value of $251,835.85. The disclosure for this sale can be found here. In the last ninety days, insiders sold 164,507 shares of company stock valued at $8,380,429. 0.46% of the stock is owned by insiders.

Several equities analysts have commented on the company. B. Riley reissued a “buy” rating on shares of Halliburton in a research report on Wednesday, November 1st. Credit Suisse Group reissued an “outperform” rating and set a $65.00 price objective (up previously from $55.00) on shares of Halliburton in a research report on Tuesday, January 23rd. Piper Jaffray Companies set a $52.00 price objective on Halliburton and gave the company a “buy” rating in a research report on Thursday, December 14th. Sanford C. Bernstein set a $60.00 price objective on Halliburton and gave the company a “buy” rating in a research report on Tuesday, January 23rd. Finally, FBR & Co lowered their price objective on Halliburton from $61.00 to $55.00 and set a “buy” rating for the company in a research report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $59.73.

Halliburton Company (NYSE:HAL) opened at $46.70 on Friday. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.22 and a quick ratio of 1.72. The stock has a market capitalization of $40,140.00, a PE ratio of -91.57, a PEG ratio of 2.37 and a beta of 0.96. Halliburton Company has a 52-week low of $38.18 and a 52-week high of $57.86.

Halliburton (NYSE:HAL) last posted its quarterly earnings results on Monday, January 22nd. The oilfield services company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.07. The firm had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.63 billion. Halliburton had a positive return on equity of 11.95% and a negative net margin of 2.25%. Halliburton’s quarterly revenue was up 47.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.04 EPS. research analysts expect that Halliburton Company will post 2.62 earnings per share for the current year.

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Halliburton Company Profile

Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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