NYSE:HAL - Free Report ) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 142,917 shares of the oilfield services company's stock, valued at approximately $5,166,000.
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A number of other hedge funds also recently modified their holdings of the stock. Nvwm LLC increased its position in Halliburton by 1.2% during the third quarter. Nvwm LLC now owns 22,759 shares of the oilfield services company's stock worth $922,000 after acquiring an additional 259 shares during the period. Lake Street Advisors Group LLC grew its position in Halliburton by 2.3% during the third quarter. Lake Street Advisors Group LLC now owns 11,972 shares of the oilfield services company's stock worth $485,000 after buying an additional 268 shares in the last quarter. Avantax Advisory Services Inc. increased its stake in Halliburton by 2.6% during the 3rd quarter. Avantax Advisory Services Inc. now owns 10,875 shares of the oilfield services company's stock worth $440,000 after acquiring an additional 280 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in Halliburton by 4.0% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 7,439 shares of the oilfield services company's stock valued at $301,000 after acquiring an additional 289 shares in the last quarter. Finally, CI Investments Inc. lifted its position in shares of Halliburton by 3.0% during the 3rd quarter. CI Investments Inc. now owns 10,012 shares of the oilfield services company's stock valued at $405,000 after acquiring an additional 295 shares during the period. Institutional investors and hedge funds own 85.23% of the company's stock.
Halliburton Trading Down 0.4 % HAL stock traded down $0.16 during midday trading on Wednesday, hitting $37.04. The stock had a trading volume of 4,166,398 shares, compared to its average volume of 6,952,721. The company has a current ratio of 2.12, a quick ratio of 1.52 and a debt-to-equity ratio of 0.79. The firm has a market cap of $32.79 billion, a P/E ratio of 12.90, a price-to-earnings-growth ratio of 0.93 and a beta of 2.01. The business has a fifty day moving average price of $38.16 and a two-hundred day moving average price of $37.07. Halliburton has a 1-year low of $27.84 and a 1-year high of $43.85.
Halliburton (NYSE:HAL - Get Free Report ) last announced its quarterly earnings data on Tuesday, April 23rd. The oilfield services company reported $0.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.74 by $0.02. The company had revenue of $5.80 billion for the quarter, compared to the consensus estimate of $5.67 billion. Halliburton had a return on equity of 30.84% and a net margin of 11.20%. The firm's revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.72 EPS. On average, sell-side analysts predict that Halliburton will post 3.39 earnings per share for the current fiscal year.
Insider Buying and Selling In other Halliburton news, Director Margaret Katherine Banks sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $35.30, for a total transaction of $176,500.00. Following the completion of the sale, the director now directly owns 9,625 shares of the company's stock, valued at approximately $339,762.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website . In other Halliburton news, Director Margaret Katherine Banks sold 5,000 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $35.30, for a total transaction of $176,500.00. Following the completion of the transaction, the director now directly owns 9,625 shares of the company's stock, valued at $339,762.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website . Also, CEO Jeffrey Allen Miller sold 377,000 shares of the business's stock in a transaction on Monday, March 4th. The shares were sold at an average price of $35.30, for a total value of $13,308,100.00. Following the completion of the sale, the chief executive officer now owns 759,015 shares in the company, valued at $26,793,229.50. The disclosure for this sale can be found here . 0.61% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth Several equities analysts have recently commented on HAL shares. Citigroup boosted their target price on shares of Halliburton from $45.00 to $50.00 and gave the company a "buy" rating in a research report on Wednesday, April 24th. Wells Fargo & Company dropped their price objective on Halliburton from $50.00 to $49.00 and set an "overweight" rating for the company in a research report on Monday, April 29th. Benchmark reiterated a "buy" rating and issued a $45.00 target price on shares of Halliburton in a research report on Wednesday, April 24th. Raymond James dropped their target price on shares of Halliburton from $49.00 to $47.00 and set a "strong-buy" rating for the company in a report on Wednesday, January 24th. Finally, Susquehanna reaffirmed a "positive" rating and issued a $49.00 target price on shares of Halliburton in a report on Monday, April 8th. Two equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $48.59.
Check Out Our Latest Research Report on Halliburton
About Halliburton (
Free Report )
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.
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