Halliburton (HAL) Position Increased by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. boosted its stake in Halliburton (NYSE:HAL) by 2.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 140,546 shares of the oilfield services company’s stock after acquiring an additional 3,300 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Halliburton were worth $5,696,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its holdings in shares of Halliburton by 59.1% during the 3rd quarter. American Century Companies Inc. now owns 6,982,458 shares of the oilfield services company’s stock valued at $282,999,000 after buying an additional 2,593,541 shares in the last quarter. Bbva Compass Bancshares Inc. boosted its holdings in shares of Halliburton by 88.2% during the 3rd quarter. Bbva Compass Bancshares Inc. now owns 7,662 shares of the oilfield services company’s stock valued at $311,000 after buying an additional 3,591 shares in the last quarter. HL Financial Services LLC boosted its holdings in shares of Halliburton by 3.8% during the 3rd quarter. HL Financial Services LLC now owns 40,217 shares of the oilfield services company’s stock valued at $1,630,000 after buying an additional 1,472 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Halliburton by 4.7% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 68,534 shares of the oilfield services company’s stock valued at $2,778,000 after buying an additional 3,090 shares in the last quarter. Finally, John G Ullman & Associates Inc. boosted its holdings in shares of Halliburton by 18.4% during the 3rd quarter. John G Ullman & Associates Inc. now owns 128,800 shares of the oilfield services company’s stock valued at $5,220,000 after buying an additional 20,050 shares in the last quarter. Institutional investors and hedge funds own 79.62% of the company’s stock.

In other Halliburton news, insider James S. Brown sold 15,989 shares of the business’s stock in a transaction dated Thursday, September 20th. The stock was sold at an average price of $40.53, for a total value of $648,034.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.54% of the stock is currently owned by insiders.

HAL opened at $35.77 on Wednesday. The company has a quick ratio of 1.73, a current ratio of 2.31 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $30.57 billion, a PE ratio of 29.32, a P/E/G ratio of 0.94 and a beta of 1.07. Halliburton has a 1 year low of $33.73 and a 1 year high of $57.86.

Halliburton (NYSE:HAL) last posted its quarterly earnings results on Monday, October 22nd. The oilfield services company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.01. Halliburton had a return on equity of 20.42% and a net margin of 0.70%. The firm had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.10 billion. During the same quarter in the previous year, the firm earned $0.42 EPS. Halliburton’s quarterly revenue was up 13.4% compared to the same quarter last year. Sell-side analysts forecast that Halliburton will post 1.86 earnings per share for the current fiscal year.

A number of analysts have recently commented on the stock. B. Riley set a $51.00 target price on shares of Halliburton and gave the company a “buy” rating in a report on Thursday, July 26th. Stifel Nicolaus assumed coverage on shares of Halliburton in a report on Monday, September 10th. They set a “buy” rating and a $45.00 target price on the stock. Guggenheim set a $50.00 target price on shares of Halliburton and gave the company a “buy” rating in a report on Wednesday, October 24th. Credit Suisse 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. Finally, Royal Bank of Canada set a $54.00 target price on shares of Halliburton and gave the company a “buy” rating in a report on Tuesday, July 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $51.60.

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Halliburton Profile

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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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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