Commerzbank Aktiengesellschaft FI grew its holdings in shares of Halliburton (NYSE:HAL) by 42.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 313,864 shares of the oilfield services company’s stock after buying an additional 92,821 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Halliburton were worth $14,733,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Madison Investment Holdings Inc. purchased a new stake in Halliburton in the 4th quarter worth about $4,875,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Halliburton by 42.3% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 498,021 shares of the oilfield services company’s stock worth $24,338,000 after acquiring an additional 148,155 shares during the period. Tyers Asset Management LLC increased its position in shares of Halliburton by 36.9% during the fourth quarter. Tyers Asset Management LLC now owns 16,192 shares of the oilfield services company’s stock worth $791,000 after acquiring an additional 4,368 shares during the period. W.G. Shaheen & Associates DBA Whitney & Co purchased a new position in shares of Halliburton during the fourth quarter worth approximately $3,680,000. Finally, Financial Counselors Inc. increased its position in shares of Halliburton by 23.7% during the fourth quarter. Financial Counselors Inc. now owns 123,141 shares of the oilfield services company’s stock worth $6,018,000 after acquiring an additional 23,557 shares during the period. Hedge funds and other institutional investors own 80.06% of the company’s stock.
A number of equities analysts have recently issued reports on the stock. ValuEngine downgraded shares of Halliburton from a “buy” rating to a “hold” rating in a research note on Monday. Bank of America upgraded shares of Halliburton from a “neutral” rating to a “buy” rating and set a $51.00 target price for the company in a research note on Thursday, May 10th. Barclays set a $62.00 target price on shares of Halliburton and gave the company a “buy” rating in a research note on Wednesday, April 25th. Guggenheim set a $65.00 target price on shares of Halliburton and gave the company a “buy” rating in a research note on Tuesday, April 24th. Finally, Credit Suisse Group set a $65.00 target price on shares of Halliburton and gave the company a “buy” rating in a research note on Monday, April 23rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-two have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $58.71.
Halliburton opened at $54.37 on Friday, MarketBeat Ratings reports. The stock has a market capitalization of $46.18 billion, a price-to-earnings ratio of 44.57, a PEG ratio of 2.68 and a beta of 1.03. Halliburton has a 1-year low of $52.55 and a 1-year high of $53.11. The company has a current ratio of 2.22, a quick ratio of 1.73 and a debt-to-equity ratio of 1.24.
Halliburton (NYSE:HAL) last released its quarterly earnings results on Monday, April 23rd. The oilfield services company reported $0.41 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.41. The business had revenue of $5.74 billion for the quarter, compared to the consensus estimate of $5.74 billion. Halliburton had a negative net margin of 1.74% and a positive return on equity of 15.87%. The business’s revenue was up 34.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.04 EPS. equities analysts expect that Halliburton will post 2.46 EPS for the current fiscal year.
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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