one8zero8 LLC Purchases New Position in Halliburton Company $HAL

one8zero8 LLC purchased a new stake in Halliburton Company (NYSE:HAL) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 89,900 shares of the oilfield services company’s stock, valued at approximately $3,052,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HAL. Capital Research Global Investors boosted its holdings in shares of Halliburton by 21.1% in the 4th quarter. Capital Research Global Investors now owns 110,220,971 shares of the oilfield services company’s stock valued at $3,114,848,000 after buying an additional 19,190,520 shares in the last quarter. BlackRock Inc. acquired a new stake in Halliburton during the 2nd quarter worth $2,812,327,000. State Street Corp raised its stake in Halliburton by 1.7% during the 4th quarter. State Street Corp now owns 50,825,761 shares of the oilfield services company’s stock worth $1,436,336,000 after acquiring an additional 861,964 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Halliburton by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 31,097,164 shares of the oilfield services company’s stock valued at $878,806,000 after acquiring an additional 443,064 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of Halliburton by 82,596.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 29,771,388 shares of the oilfield services company’s stock worth $841,339,000 after purchasing an additional 29,735,387 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on HAL shares. Stifel Nicolaus reissued a “buy” rating and issued a $43.00 target price (up from $36.00) on shares of Halliburton in a report on Wednesday, April 22nd. Evercore restated an “outperform” rating and set a $43.00 price target on shares of Halliburton in a research note on Wednesday, July 22nd. Wall Street Zen lowered Halliburton from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Jefferies Financial Group reiterated a “buy” rating and issued a $47.00 price objective on shares of Halliburton in a research note on Sunday, April 26th. Finally, Zephirin Group increased their price objective on Halliburton from $30.00 to $31.00 and gave the company a “sell” rating in a report on Wednesday, April 22nd. Eighteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Halliburton has a consensus rating of “Moderate Buy” and an average target price of $43.10.

Halliburton Stock Up 1.1%

HAL opened at $35.05 on Thursday. The business has a 50 day moving average price of $34.11 and a two-hundred day moving average price of $36.50. The company has a quick ratio of 1.50, a current ratio of 2.02 and a debt-to-equity ratio of 0.64. The company has a market cap of $29.20 billion, a PE ratio of 18.35, a P/E/G ratio of 2.17 and a beta of 0.73. Halliburton Company has a 52 week low of $20.78 and a 52 week high of $43.59.

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

Insider Buying and Selling at Halliburton

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