82,837,333 Shares in Halliburton Company $HAL Bought by BlackRock Inc.

BlackRock Inc. bought a new position in shares of Halliburton Company (NYSE:HAL - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 82,837,333 shares of the oilfield services company's stock, valued at approximately $2,812,327,000. BlackRock Inc. owned about 9.94% of Halliburton at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Pallas Capital Advisors LLC bought a new position in Halliburton in the 2nd quarter worth approximately $1,049,000. Deutsche Bank AG bought a new stake in shares of Halliburton in the second quarter valued at approximately $103,514,000. Perigon Wealth Management LLC acquired a new stake in shares of Halliburton in the second quarter worth $500,000. Trust Co. of Vermont acquired a new stake in shares of Halliburton in the second quarter worth $35,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Halliburton during the second quarter worth $69,489,000. 85.23% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on HAL shares. HSBC upped their target price on shares of Halliburton from $40.00 to $46.00 and gave the company a "buy" rating in a research note on Wednesday, April 22nd. Morgan Stanley decreased their price target on shares of Halliburton from $41.00 to $40.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 22nd. Piper Sandler upgraded shares of Halliburton from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $40.00 to $43.00 in a report on Tuesday, July 14th. Rothschild & Co Redburn upped their price objective on shares of Halliburton from $40.00 to $49.00 and gave the company a "buy" rating in a research report on Friday, May 15th. Finally, BMO Capital Markets set a $37.00 target price on shares of Halliburton in a research note on Wednesday, July 22nd. Eighteen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $43.10.

Halliburton Trading Up 1.1%

Shares of HAL stock opened at $35.05 on Thursday. The firm has a fifty day moving average of $34.11 and a 200-day moving average of $36.50. The stock has a market cap of $29.20 billion, a price-to-earnings ratio of 18.35, a P/E/G ratio of 2.17 and a beta of 0.73. Halliburton Company has a 52-week low of $20.78 and a 52-week high of $43.59. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.50 and a current ratio of 2.02.

Halliburton (NYSE:HAL - Get Free Report) last issued its earnings results on Tuesday, July 21st. The oilfield services company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.01. The business had revenue of $5.71 billion for the quarter, compared to analyst estimates of $5.50 billion. Halliburton had a net margin of 7.16% and a return on equity of 18.71%. The firm's revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.55 EPS. On average, equities research analysts forecast that Halliburton Company will post 2.34 earnings per share for the current fiscal year.

Insider Transactions at Halliburton

In other Halliburton news, CFO Eric Carre sold 24,778 shares of the stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $35.89, for a total transaction of $889,282.42. Following the completion of the transaction, the chief financial officer directly owned 148,520 shares in the company, valued at $5,330,382.80. This represents a 14.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.57% of the stock is owned by corporate insiders.

About Halliburton

Halliburton is one of the world's largest providers of products and services to the energy industry, offering a broad portfolio that supports the lifecycle of oil and gas reservoirs from exploration and drilling through production and abandonment. Founded in 1919 by Erle P. Halliburton as an oil-well cementing company, the firm is headquartered in Houston, Texas and has developed into an integrated oilfield services company serving upstream operators globally.

The company's activities encompass drilling and evaluation, well construction and completion, production enhancement and well intervention.

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