20,715 Shares in Halliburton Company $HAL Acquired by West Family Investments Inc.

West Family Investments Inc. bought a new position in shares of Halliburton Company (NYSE:HAL) during the second quarter, HoldingsChannel.com reports. The firm bought 20,715 shares of the oilfield services company’s stock, valued at approximately $703,000.

Other large investors have also added to or reduced their stakes in the company. Annis Gardner Whiting Capital Advisors LLC boosted its position in shares of Halliburton by 10.2% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,794 shares of the oilfield services company’s stock worth $109,000 after purchasing an additional 258 shares during the period. Vermillion Wealth Management Inc. lifted its stake in shares of Halliburton by 24.8% during the 4th quarter. Vermillion Wealth Management Inc. now owns 1,456 shares of the oilfield services company’s stock valued at $41,000 after buying an additional 289 shares in the last quarter. Coldstream Capital Management Inc. boosted its holdings in Halliburton by 1.5% in the 4th quarter. Coldstream Capital Management Inc. now owns 23,312 shares of the oilfield services company’s stock worth $659,000 after buying an additional 349 shares during the period. Harbour Investments Inc. increased its stake in Halliburton by 7.3% in the 4th quarter. Harbour Investments Inc. now owns 5,320 shares of the oilfield services company’s stock worth $150,000 after buying an additional 361 shares in the last quarter. Finally, Kingsview Wealth Management LLC lifted its position in shares of Halliburton by 3.7% in the fourth quarter. Kingsview Wealth Management LLC now owns 10,363 shares of the oilfield services company’s stock valued at $293,000 after acquiring an additional 365 shares in the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HAL. Morgan Stanley dropped their price objective on Halliburton from $41.00 to $40.00 and set an “overweight” rating for the company in a research note on Wednesday, July 22nd. TD Cowen decreased their target price on Halliburton from $48.00 to $47.00 and set a “buy” rating on the stock in a research note on Wednesday, July 22nd. Capital One Financial upped their price target on Halliburton from $41.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 20th. HSBC increased their price objective on shares of Halliburton from $40.00 to $46.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Finally, Barclays lowered their target price on shares of Halliburton from $55.00 to $53.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. Eighteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $43.10.

Halliburton Stock Up 1.1%

NYSE HAL opened at $35.05 on Thursday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.50 and a current ratio of 2.02. The company has a market capitalization of $29.20 billion, a P/E ratio of 18.35, a P/E/G ratio of 2.17 and a beta of 0.73. Halliburton Company has a one year low of $20.78 and a one year high of $43.59. The stock has a 50 day moving average price of $34.11 and a 200-day moving average price of $36.50.

Halliburton (NYSE:HAL) last announced its quarterly earnings results on Tuesday, July 21st. The oilfield services company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.01. The company had revenue of $5.71 billion for the quarter, compared to analysts’ expectations of $5.50 billion. Halliburton had a net margin of 7.16% and a return on equity of 18.71%. Halliburton’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.55 earnings per share. As a group, equities analysts predict that Halliburton Company will post 2.34 EPS for the current fiscal year.

Insider Activity at Halliburton

In related news, CFO Eric Carre sold 24,778 shares of Halliburton stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $35.89, for a total value of $889,282.42. Following the completion of the transaction, the chief financial officer owned 148,520 shares in the company, valued at approximately $5,330,382.80. This trade represents a 14.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.57% of the stock is owned by insiders.

Halliburton Profile

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.