Prudential Financial Inc. increased its stake in shares of Halliburton Company (NYSE:HAL) by 7.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,337,856 shares of the oilfield services company’s stock after purchasing an additional 95,330 shares during the quarter. Prudential Financial Inc. owned approximately 0.15% of Halliburton worth $61,581,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of HAL. Estabrook Capital Management lifted its stake in shares of Halliburton by 82.8% in the 2nd quarter. Estabrook Capital Management now owns 2,760 shares of the oilfield services company’s stock valued at $118,000 after purchasing an additional 1,250 shares in the last quarter. YorkBridge Wealth Partners LLC lifted its stake in shares of Halliburton by 243.3% in the 3rd quarter. YorkBridge Wealth Partners LLC now owns 3,165 shares of the oilfield services company’s stock valued at $146,000 after purchasing an additional 2,243 shares in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new position in Halliburton during the 3rd quarter worth approximately $184,000. Bronfman E.L. Rothschild L.P. lifted its position in Halliburton by 4.1% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 4,251 shares of the oilfield services company’s stock worth $182,000 after acquiring an additional 167 shares in the last quarter. Finally, Neville Rodie & Shaw Inc. acquired a new position in Halliburton during the 3rd quarter worth approximately $202,000. Hedge funds and other institutional investors own 79.89% of the company’s stock.
Several research firms recently commented on HAL. Barclays set a $66.00 price target on Halliburton and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. Jefferies Group set a $65.00 price target on Halliburton and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. B. Riley lifted their price objective on Halliburton from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday. Cowen restated a “hold” rating and set a $60.00 price objective on shares of Halliburton in a report on Tuesday, January 23rd. Finally, SunTrust Banks lifted their price objective on Halliburton to $69.00 and gave the stock a “hold” rating in a report on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. Halliburton currently has a consensus rating of “Buy” and a consensus target price of $59.73.
In other news, insider Timothy Mckeon sold 1,609 shares of the business’s stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $48.99, for a total transaction of $78,824.91. Following the sale, the insider now directly owns 18,612 shares of the company’s stock, valued at $911,801.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Anne L. Beaty sold 1,245 shares of the business’s stock in a transaction 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 sale, the vice president now directly owns 60,839 shares in the company, valued at $3,133,208.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 214,507 shares of company stock valued at $10,565,429. Insiders own 0.46% of the company’s stock.
Shares of Halliburton Company (HAL) traded up $0.41 on Friday, reaching $55.61. The company had a trading volume of 7,376,883 shares, compared to its average volume of 8,860,000. The company has a market cap of $48,520.00, a P/E ratio of -109.04, a P/E/G ratio of 2.65 and a beta of 1.03. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.67 and a current ratio of 2.22. Halliburton Company has a 52-week low of $38.18 and a 52-week high of $58.47.
Halliburton (NYSE:HAL) last announced its quarterly earnings results on Monday, January 22nd. The oilfield services company reported $0.53 earnings per share (EPS) 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 analyst estimates of $5.63 billion. During the same quarter in the previous year, the firm posted $0.04 EPS. The firm’s quarterly revenue was up 47.7% on a year-over-year basis. equities analysts predict that Halliburton Company will post 2.61 EPS for the current year.
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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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