GFG Capital LLC cut its position in Halliburton (NYSE:HAL) by 7.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,183 shares of the oilfield services company’s stock after selling 806 shares during the quarter. GFG Capital LLC’s holdings in Halliburton were worth $192,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Pzena Investment Management LLC lifted its holdings in Halliburton by 1.6% during the 3rd quarter. Pzena Investment Management LLC now owns 39,974,416 shares of the oilfield services company’s stock valued at $481,692,000 after purchasing an additional 633,761 shares during the last quarter. Sanders Capital LLC lifted its holdings in shares of Halliburton by 1.8% during the third quarter. Sanders Capital LLC now owns 24,123,239 shares of the oilfield services company’s stock worth $325,503,000 after buying an additional 430,296 shares in the last quarter. Great West Life Assurance Co. Can lifted its holdings in shares of Halliburton by 1,140.4% during the third quarter. Great West Life Assurance Co. Can now owns 10,056,126 shares of the oilfield services company’s stock worth $12,748,000 after buying an additional 9,245,437 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of Halliburton by 3.5% during the third quarter. Van ECK Associates Corp now owns 3,899,413 shares of the oilfield services company’s stock worth $46,988,000 after buying an additional 130,597 shares in the last quarter. Finally, Morgan Stanley lifted its holdings in shares of Halliburton by 30.8% during the third quarter. Morgan Stanley now owns 3,762,152 shares of the oilfield services company’s stock worth $45,335,000 after buying an additional 885,000 shares in the last quarter. 75.37% of the stock is owned by institutional investors and hedge funds.
A number of research firms recently commented on HAL. Exane BNP Paribas began coverage on Halliburton in a research note on Monday, October 12th. They issued an “underperform” rating and a $11.50 price target for the company. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upgraded Halliburton from a “neutral” rating to a “buy” rating and lifted their target price for the company from $13.50 to $24.00 in a research report on Tuesday, December 15th. Bank of America upgraded Halliburton from a “neutral” rating to a “buy” rating in a research report on Wednesday, December 16th. Stephens upgraded Halliburton from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $14.00 to $25.00 in a research report on Wednesday, January 20th. Finally, Credit Suisse Group lifted their target price on Halliburton from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Wednesday, January 20th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $15.87.
HAL traded down $0.64 during trading on Friday, hitting $17.63. The company’s stock had a trading volume of 11,373,156 shares, compared to its average volume of 12,701,804. Halliburton has a twelve month low of $4.25 and a twelve month high of $22.86. The company has a quick ratio of 1.64, a current ratio of 2.30 and a debt-to-equity ratio of 1.85. The stock’s fifty day moving average price is $19.71 and its 200-day moving average price is $15.88. The firm has a market capitalization of $15.59 billion, a P/E ratio of -3.55, a PEG ratio of 2.22 and a beta of 2.81.
Halliburton (NYSE:HAL) last issued its quarterly earnings results on Monday, January 18th. The oilfield services company reported $0.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.03. Halliburton had a positive return on equity of 11.10% and a negative net margin of 26.60%. The firm had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.21 billion. During the same period in the previous year, the firm earned $0.32 earnings per share. The company’s revenue was down 37.6% compared to the same quarter last year. Equities research analysts expect that Halliburton will post 0.62 EPS for the current fiscal year.
In other news, EVP Eric Carre sold 49,664 shares of the company’s stock in a transaction that occurred on Wednesday, December 9th. The stock was sold at an average price of $19.91, for a total transaction of $988,810.24. Following the transaction, the executive vice president now directly owns 176,661 shares of the company’s stock, valued at $3,517,320.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Myrtle L. Jones sold 4,449 shares of the company’s stock in a transaction that occurred on Tuesday, January 5th. The stock was sold at an average price of $20.00, for a total value of $88,980.00. Insiders have sold 56,463 shares of company stock worth $1,126,388 over the last ninety days. 0.48% of the stock is owned by insiders.
Halliburton Company 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 well bonding and casing, as well as provides casing equipment.
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