Fideuram Intesa Sanpaolo Private Banking S.P.A. Takes $2.36 Million Position in Halliburton Company $HAL

Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in Halliburton Company (NYSE:HAL) in the 4th quarter, Holdings Channel.com reports. The firm bought 83,360 shares of the oilfield services company’s stock, valued at approximately $2,356,000.

Several other institutional investors and hedge funds have also made changes to their positions in HAL. Capital Research Global Investors lifted its holdings in shares of Halliburton by 81.8% in the 3rd quarter. Capital Research Global Investors now owns 91,030,451 shares of the oilfield services company’s stock valued at $2,239,349,000 after purchasing an additional 40,969,139 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Halliburton by 82,596.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 29,771,388 shares of the oilfield services company’s stock valued at $841,339,000 after purchasing an additional 29,735,387 shares during the last quarter. Strive Asset Management LLC purchased a new stake in shares of Halliburton in the 3rd quarter valued at about $418,738,000. Holocene Advisors LP purchased a new stake in shares of Halliburton in the 3rd quarter valued at about $147,315,000. Finally, AQR Capital Management LLC lifted its holdings in shares of Halliburton by 85.5% in the 2nd quarter. AQR Capital Management LLC now owns 8,610,870 shares of the oilfield services company’s stock valued at $175,490,000 after purchasing an additional 3,969,759 shares during the last quarter. 85.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on HAL. Royal Bank Of Canada upped their price objective on Halliburton from $43.00 to $44.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Evercore raised Halliburton from an “in-line” rating to an “outperform” rating and set a $42.00 price objective for the company in a research note on Friday, March 20th. Wall Street Zen downgraded Halliburton from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 3rd. Susquehanna upped their price objective on Halliburton from $40.00 to $45.00 and gave the company a “positive” rating in a research note on Tuesday, April 7th. Finally, The Goldman Sachs Group upped their price objective on Halliburton from $40.00 to $44.00 and gave the company a “buy” rating in a research note on Wednesday, March 4th. Eighteen investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $42.86.

Halliburton Stock Performance

Shares of HAL stock opened at $42.27 on Thursday. The company has a market cap of $35.31 billion, a price-to-earnings ratio of 23.22, a price-to-earnings-growth ratio of 1.88 and a beta of 0.73. The stock has a 50 day simple moving average of $38.74 and a 200-day simple moving average of $33.49. Halliburton Company has a 12-month low of $19.38 and a 12-month high of $43.59. The company has a current ratio of 2.08, a quick ratio of 1.54 and a debt-to-equity ratio of 0.65.

Halliburton (NYSE:HAL) last issued its earnings results on Tuesday, April 21st. The oilfield services company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. The business had revenue of $5.40 billion during the quarter, compared to the consensus estimate of $5.37 billion. Halliburton had a return on equity of 19.04% and a net margin of 6.95%.The company’s revenue for the quarter was down .3% on a year-over-year basis. During the same period in the prior year, the business posted $0.60 EPS. On average, equities analysts forecast that Halliburton Company will post 2.32 EPS for the current year.

Insiders Place Their Bets

In related news, insider Michael Casey Maxwell sold 20,348 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $41.89, for a total value of $852,377.72. Following the sale, the insider owned 93,763 shares in the company, valued at $3,927,732.07. This represents a 17.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Tobi M. Young sold 6,125 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $41.72, for a total value of $255,535.00. Following the completion of the sale, the director owned 15,250 shares in the company, valued at approximately $636,230. This represents a 28.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 420,837 shares of company stock worth $16,979,135. 0.57% of the stock is owned by insiders.

About Halliburton

Halliburton is one of the world’s largest providers of products and services to the energy industry, offering a broad portfolio that supports the lifecycle of oil and gas reservoirs from exploration and drilling through production and abandonment. Founded in 1919 by Erle P. Halliburton as an oil-well cementing company, the firm is headquartered in Houston, Texas and has developed into an integrated oilfield services company serving upstream operators globally.

The company’s activities encompass drilling and evaluation, well construction and completion, production enhancement and well intervention.