Halliburton Company $HAL Shares Sold by Sanders Capital LLC

Sanders Capital LLC decreased its stake in shares of Halliburton Company (NYSE:HAL) by 1.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,765,699 shares of the oilfield services company’s stock after selling 398,192 shares during the period. Sanders Capital LLC owned 2.79% of Halliburton worth $484,345,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Stone House Investment Management LLC purchased a new stake in Halliburton during the 1st quarter worth about $30,000. Zions Bancorporation National Association UT acquired a new stake in shares of Halliburton during the 1st quarter worth about $37,000. CVA Family Office LLC grew its holdings in shares of Halliburton by 94.8% during the second quarter. CVA Family Office LLC now owns 1,882 shares of the oilfield services company’s stock worth $38,000 after buying an additional 916 shares in the last quarter. Bartlett & CO. Wealth Management LLC raised its position in shares of Halliburton by 109.5% in the second quarter. Bartlett & CO. Wealth Management LLC now owns 1,900 shares of the oilfield services company’s stock valued at $39,000 after buying an additional 993 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its stake in shares of Halliburton by 252.3% during the second quarter. Hantz Financial Services Inc. now owns 1,994 shares of the oilfield services company’s stock valued at $41,000 after buying an additional 1,428 shares during the period. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Halliburton news, insider Mark Richard sold 160,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $27.77, for a total transaction of $4,443,200.00. Following the completion of the sale, the insider directly owned 452,374 shares in the company, valued at $12,562,425.98. The trade was a 26.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.56% of the stock is currently owned by company insiders.

Halliburton Price Performance

Shares of Halliburton stock opened at $27.30 on Friday. The business’s fifty day moving average price is $24.64 and its 200 day moving average price is $22.47. Halliburton Company has a twelve month low of $18.72 and a twelve month high of $32.57. The company has a current ratio of 1.95, a quick ratio of 1.43 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $22.97 billion, a P/E ratio of 18.08 and a beta of 1.03.

Halliburton (NYSE:HAL) last released its quarterly earnings data on Tuesday, October 21st. The oilfield services company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.08. Halliburton had a return on equity of 20.12% and a net margin of 5.91%.The company had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.39 billion. During the same period last year, the business posted $0.73 EPS. The company’s quarterly revenue was down 1.7% compared to the same quarter last year. As a group, research analysts anticipate that Halliburton Company will post 2.64 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on HAL. Hsbc Global Res raised shares of Halliburton from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 22nd. Redburn Partners set a $35.00 price objective on Halliburton in a report on Monday, November 3rd. Barclays lifted their price objective on Halliburton from $20.00 to $25.00 and gave the company an “equal weight” rating in a research report on Thursday, October 23rd. Rothschild & Co Redburn began coverage on Halliburton in a research report on Monday, November 3rd. They set a “buy” rating and a $35.00 target price on the stock. Finally, The Goldman Sachs Group lifted their price target on Halliburton from $25.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $31.45.

Halliburton Profile

Halliburton Company provides products and services to the energy industry worldwide. It operates through two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; and completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, and service tools, as well as liner hanger, sand control, and multilateral systems.