Short Interest in Halliburton Company (HAL) Decreases By 14.8%

Halliburton Company (NYSE:HAL) saw a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 21,164,275 shares, a drop of 14.8% from the January 12th total of 24,847,636 shares. Based on an average daily volume of 10,513,925 shares, the days-to-cover ratio is currently 2.0 days. Approximately 2.4% of the shares of the company are sold short.

In other Halliburton news, VP Anne L. Beaty sold 1,245 shares of Halliburton stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $51.50, for a total value of $64,117.50. Following the transaction, the vice president now directly owns 60,839 shares in the company, valued at approximately $3,133,208.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Lawrence J. Pope sold 9,100 shares of Halliburton stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $41.35, for a total value of $376,285.00. Following the completion of the transaction, the executive vice president now owns 180,646 shares in the company, valued at $7,469,712.10. The disclosure for this sale can be found here. Insiders sold a total of 164,507 shares of company stock worth $8,380,429 over the last quarter. Company insiders own 0.47% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HAL. National Asset Management Inc. raised its holdings in shares of Halliburton by 7.9% in the second quarter. National Asset Management Inc. now owns 5,271 shares of the oilfield services company’s stock worth $227,000 after acquiring an additional 385 shares during the last quarter. Colony Group LLC increased its stake in Halliburton by 61.7% in the second quarter. Colony Group LLC now owns 6,983 shares of the oilfield services company’s stock valued at $298,000 after purchasing an additional 2,664 shares during the last quarter. WINTON GROUP Ltd acquired a new position in Halliburton in the second quarter valued at $242,000. Cetera Investment Advisers acquired a new position in Halliburton in the second quarter valued at $435,000. Finally, Cacti Asset Management LLC increased its stake in Halliburton by 13.7% in the third quarter. Cacti Asset Management LLC now owns 804,430 shares of the oilfield services company’s stock valued at $36,666,000 after purchasing an additional 96,814 shares during the last quarter. 80.57% of the stock is owned by institutional investors.

HAL has been the topic of a number of analyst reports. Guggenheim upgraded Halliburton from a “neutral” rating to a “buy” rating in a research note on Monday, January 22nd. Piper Jaffray Companies set a $52.00 price target on Halliburton and gave the company a “buy” rating in a research note on Thursday, December 14th. Wells Fargo & Co restated an “outperform” rating and issued a $56.00 price target (up from $51.00) on shares of Halliburton in a research note on Thursday, December 21st. Zacks Investment Research upgraded Halliburton from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a research note on Tuesday, December 26th. Finally, FBR & Co decreased their price target on Halliburton from $61.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $59.73.

Halliburton (NYSE:HAL) opened at $47.39 on Wednesday. Halliburton has a 1-year low of $38.18 and a 1-year high of $57.86. The stock has a market capitalization of $41,350.00, a price-to-earnings ratio of -92.92, a P/E/G ratio of 2.23 and a beta of 0.96. The company has a current ratio of 2.22, a quick ratio of 1.72 and a debt-to-equity ratio of 1.25.

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

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About Halliburton

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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