Pzena Investment Management LLC trimmed its position in Halliburton Company (NYSE:HAL) by 0.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,045,333 shares of the oilfield services company’s stock after selling 6,815 shares during the quarter. Pzena Investment Management LLC’s holdings in Halliburton were worth $197,695,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. WINTON GROUP Ltd purchased a new stake in shares of Halliburton in the second quarter worth approximately $242,000. Meeder Asset Management Inc. purchased a new stake in shares of Halliburton in the third quarter worth approximately $1,300,000. APG Asset Management N.V. lifted its position in shares of Halliburton by 5.1% in the third quarter. APG Asset Management N.V. now owns 1,109,747 shares of the oilfield services company’s stock worth $51,082,000 after purchasing an additional 54,200 shares in the last quarter. Strs Ohio lifted its position in shares of Halliburton by 5.0% in the third quarter. Strs Ohio now owns 2,037,145 shares of the oilfield services company’s stock worth $93,769,000 after purchasing an additional 97,000 shares in the last quarter. Finally, BB&T Corp lifted its position in shares of Halliburton by 16.4% in the third quarter. BB&T Corp now owns 151,745 shares of the oilfield services company’s stock worth $6,984,000 after purchasing an additional 21,387 shares in the last quarter. Institutional investors own 80.61% of the company’s stock.
In other news, insider Timothy Mckeon sold 4,583 shares of Halliburton stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $54.95, for a total value of $251,835.85. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jeffrey Allen Miller sold 29,025 shares of Halliburton stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $55.00, for a total transaction of $1,596,375.00. The disclosure for this sale can be found here. In the last three months, insiders sold 164,507 shares of company stock worth $8,380,429. Insiders own 0.47% of the company’s stock.
A number of research firms have recently issued reports on HAL. BMO Capital Markets set a $63.00 price target on shares of Halliburton and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. Loop Capital reissued a “buy” rating and issued a $57.00 price target (down from $62.00) on shares of Halliburton in a research report on Tuesday, October 24th. Scotiabank reissued a “buy” rating and issued a $52.00 price target on shares of Halliburton in a research report on Wednesday, October 25th. Citigroup reduced their price target on shares of Halliburton from $54.00 to $52.00 and set a “buy” rating for the company in a research report on Wednesday, October 25th. Finally, Cowen reissued a “market perform” rating and issued a $50.00 price target on shares of Halliburton in a research report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-two have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $59.59.
Halliburton Company (NYSE HAL) opened at $47.16 on Wednesday. Halliburton Company has a 52-week low of $38.18 and a 52-week high of $57.86. The firm has a market cap of $41,558.22, a P/E ratio of -88.98, a P/E/G ratio of 2.27 and a beta of 0.97. The company has a current ratio of 2.22, a quick ratio of 1.72 and a debt-to-equity ratio of 1.25.
Halliburton (NYSE:HAL) last released its quarterly earnings results on Monday, January 22nd. The oilfield services company reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.07. Halliburton had a negative net margin of 2.25% and a positive return on equity of 11.95%. The company had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.63 billion. During the same quarter last year, the firm posted $0.04 earnings per share. The company’s quarterly revenue was up 47.7% compared to the same quarter last year. equities analysts expect that Halliburton Company will post 2.61 EPS for the current year.
Halliburton Company Profile
Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.
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