State of Alaska Department of Revenue boosted its holdings in shares of Halliburton (NYSE:HAL) by 4.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 145,421 shares of the oilfield services company’s stock after acquiring an additional 5,542 shares during the quarter. State of Alaska Department of Revenue’s holdings in Halliburton were worth $5,893,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in HAL. Avestar Capital LLC boosted its holdings in Halliburton by 1,159.6% in the 2nd quarter. Avestar Capital LLC now owns 2,368 shares of the oilfield services company’s stock valued at $105,000 after purchasing an additional 2,180 shares during the last quarter. Sun Life Financial INC boosted its holdings in Halliburton by 1,170.1% in the 2nd quarter. Sun Life Financial INC now owns 2,375 shares of the oilfield services company’s stock valued at $107,000 after purchasing an additional 2,188 shares during the last quarter. McKinley Carter Wealth Services Inc. acquired a new position in Halliburton in the 1st quarter valued at about $129,000. Squar Milner Financial Services LLC acquired a new position in Halliburton in the 2nd quarter valued at about $130,000. Finally, Banco de Sabadell S.A acquired a new position in Halliburton in the 2nd quarter valued at about $136,000. 78.84% of the stock is owned by institutional investors.
Several equities analysts have weighed in on HAL shares. Citigroup decreased their target price on shares of Halliburton from $61.00 to $53.00 and set a “buy” rating on the stock in a report on Monday, June 25th. Zacks Investment Research upgraded shares of Halliburton from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a report on Tuesday, June 26th. Wells Fargo & Co reiterated a “buy” rating on shares of Halliburton in a report on Friday, June 29th. ValuEngine lowered shares of Halliburton from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. Finally, Jefferies Financial Group set a $52.00 target price on shares of Halliburton and gave the company a “buy” rating in a report on Tuesday, July 24th. Five research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $53.56.
In related news, Director Murry Gerber acquired 5,800 shares of the firm’s stock in a transaction dated Thursday, July 26th. The shares were purchased at an average cost of $40.66 per share, for a total transaction of $235,828.00. Following the acquisition, the director now owns 60,961 shares in the company, valued at approximately $2,478,674.26. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider James S. Brown sold 15,989 shares of the company’s stock in a transaction that occurred on Thursday, September 20th. The stock was sold at an average price of $40.53, for a total transaction of $648,034.17. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company’s stock.
Shares of HAL stock opened at $39.60 on Friday. The company has a current ratio of 2.24, a quick ratio of 1.72 and a debt-to-equity ratio of 1.18. Halliburton has a one year low of $35.75 and a one year high of $57.86. The company has a market capitalization of $35.66 billion, a PE ratio of 32.46, a P/E/G ratio of 2.54 and a beta of 1.01.
Halliburton (NYSE:HAL) last issued its quarterly earnings data on Monday, July 23rd. The oilfield services company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.01). Halliburton had a return on equity of 19.48% and a net margin of 0.42%. The company had revenue of $6.15 billion during the quarter, compared to analyst estimates of $6.12 billion. During the same quarter in the prior year, the company posted $0.23 earnings per share. The business’s revenue was up 24.0% compared to the same quarter last year. Equities analysts expect that Halliburton will post 1.99 earnings per share for the current year.
Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.
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