D.A. Davidson & CO. trimmed its holdings in Halliburton (NYSE:HAL – Get Rating) by 16.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,510 shares of the oilfield services company’s stock after selling 5,313 shares during the quarter. D.A. Davidson & CO.’s holdings in Halliburton were worth $1,083,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HAL. EWG Elevate Inc. purchased a new position in Halliburton during the fourth quarter worth about $25,000. Worth Asset Management LLC acquired a new position in shares of Halliburton in the 4th quarter valued at approximately $27,000. Luken Investment Analytics LLC acquired a new position in shares of Halliburton in the 4th quarter worth approximately $31,000. Accurate Wealth Management LLC bought a new stake in Halliburton in the 4th quarter valued at about $40,000. Finally, Bogart Wealth LLC lifted its stake in shares of Halliburton by 100.0% in the 3rd quarter. Bogart Wealth LLC now owns 1,150 shares of the oilfield services company’s stock worth $28,000 after acquiring an additional 575 shares during the period. Hedge funds and other institutional investors own 80.56% of the company’s stock.
Analyst Ratings Changes
A number of analysts recently issued reports on HAL shares. Citigroup reduced their price objective on Halliburton from $47.00 to $44.00 and set a “buy” rating for the company in a research report on Wednesday, March 22nd. Susquehanna decreased their price objective on Halliburton from $57.00 to $45.00 in a research note on Monday, April 3rd. The Goldman Sachs Group lifted their price target on Halliburton from $40.00 to $46.00 and gave the company a “buy” rating in a research note on Monday, January 30th. Benchmark reissued a “buy” rating and set a $50.00 price target on shares of Halliburton in a research report on Monday, April 3rd. Finally, Barclays increased their price objective on shares of Halliburton from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Wednesday, January 25th. Fourteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $48.24.
Insiders Place Their Bets
Halliburton Price Performance
Shares of HAL opened at $32.00 on Friday. The company has a quick ratio of 1.50, a current ratio of 2.14 and a debt-to-equity ratio of 0.94. The business’s fifty day moving average is $33.94 and its 200 day moving average is $36.21. The stock has a market cap of $28.89 billion, a P/E ratio of 18.11, a P/E/G ratio of 0.43 and a beta of 2.11. Halliburton has a 12-month low of $23.30 and a 12-month high of $43.99.
Halliburton (NYSE:HAL – Get Rating) last released its earnings results on Tuesday, April 25th. The oilfield services company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.05. Halliburton had a return on equity of 29.38% and a net margin of 9.04%. The company had revenue of $5.68 billion during the quarter, compared to analyst estimates of $5.49 billion. During the same period in the prior year, the company posted $0.35 earnings per share. Halliburton’s quarterly revenue was up 32.5% on a year-over-year basis. Sell-side analysts anticipate that Halliburton will post 3.05 earnings per share for the current fiscal year.
Halliburton Profile
Halliburton Co engages in the provision of services and products to the energy industry related to the exploration, development, and production of oil and natural gas. It operates through the Completion and Production, and Drilling and Evaluation segments. The Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift, and completion services.
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