John G Ullman & Associates Inc. boosted its stake in Halliburton (NYSE:HAL) by 18.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 128,800 shares of the oilfield services company’s stock after acquiring an additional 20,050 shares during the period. John G Ullman & Associates Inc.’s holdings in Halliburton were worth $5,220,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Ardsley Advisory Partners purchased a new stake in Halliburton in the 2nd quarter valued at about $4,957,000. Canada Pension Plan Investment Board increased its stake in Halliburton by 10.1% during the second quarter. Canada Pension Plan Investment Board now owns 617,412 shares of the oilfield services company’s stock worth $27,821,000 after purchasing an additional 56,586 shares during the period. Steward Partners Investment Advisory LLC increased its stake in Halliburton by 11.4% during the second quarter. Steward Partners Investment Advisory LLC now owns 56,146 shares of the oilfield services company’s stock worth $2,530,000 after purchasing an additional 5,745 shares during the period. State of Alaska Department of Revenue increased its stake in Halliburton by 4.0% during the third quarter. State of Alaska Department of Revenue now owns 145,421 shares of the oilfield services company’s stock worth $5,893,000 after purchasing an additional 5,542 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in Halliburton by 1,183.2% during the second quarter. Tower Research Capital LLC TRC now owns 15,231 shares of the oilfield services company’s stock worth $686,000 after purchasing an additional 14,044 shares during the period. Hedge funds and other institutional investors own 79.62% of the company’s stock.
HAL stock opened at $34.90 on Monday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.73 and a current ratio of 2.31. Halliburton has a fifty-two week low of $33.73 and a fifty-two week high of $57.86. The company has a market cap of $30.57 billion, a P/E ratio of 28.61, a PEG ratio of 0.94 and a beta of 1.07.
Halliburton (NYSE:HAL) last released its earnings results on Monday, October 22nd. The oilfield services company reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.01. Halliburton had a net margin of 0.70% and a return on equity of 20.42%. The firm had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.10 billion. During the same period in the prior year, the firm earned $0.42 earnings per share. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. Analysts anticipate that Halliburton will post 1.86 EPS for the current year.
In related news, insider James S. Brown sold 15,989 shares of the company’s stock in a transaction that occurred on Thursday, September 20th. The shares were sold at an average price of $40.53, for a total transaction of $648,034.17. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.54% of the stock is currently owned by corporate insiders.
HAL has been the topic of a number of recent research reports. Morgan Stanley initiated coverage on shares of Halliburton in a research note on Tuesday, September 18th. They set an “overweight” rating and a $50.00 price target on the stock. JPMorgan Chase & Co. set a $60.00 price target on shares of Halliburton and gave the stock a “buy” rating in a research note on Monday, September 17th. Credit Suisse Group set a $51.00 price target on shares of Halliburton and gave the stock a “buy” rating in a research note on Thursday, September 6th. Wells Fargo & Co reiterated a “buy” rating on shares of Halliburton in a research note on Friday, September 7th. Finally, Zacks Investment Research upgraded shares of Halliburton from a “strong sell” rating to a “hold” rating in a research note on Monday, September 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $51.60.
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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