Ashburton Jersey Ltd increased its position in shares of Halliburton Co. (NYSE:HAL) by 76.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 32,779 shares of the oilfield services company’s stock after buying an additional 14,170 shares during the period. Ashburton Jersey Ltd’s holdings in Halliburton were worth $1,485,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of Montreal Can acquired a new position in shares of Halliburton during the second quarter worth $126,987,000. American Century Companies Inc. raised its stake in shares of Halliburton by 40.2% in the second quarter. American Century Companies Inc. now owns 6,259,138 shares of the oilfield services company’s stock worth $283,476,000 after buying an additional 1,794,884 shares during the period. Kovitz Investment Group Partners LLC purchased a new stake in shares of Halliburton during the first quarter worth about $41,650,000. Natixis purchased a new stake in shares of Halliburton during the first quarter worth about $27,010,000. Finally, State Street Corp raised its stake in shares of Halliburton by 1.8% in the first quarter. State Street Corp now owns 39,910,859 shares of the oilfield services company’s stock worth $1,425,614,000 after buying an additional 686,990 shares during the period. 79.74% of the stock is owned by institutional investors.
Halliburton Co. (NYSE:HAL) traded up 1.62% during midday trading on Tuesday, hitting $47.07. 9,833,054 shares of the stock were exchanged. The company has a 50 day moving average price of $43.78 and a 200 day moving average price of $42.70. Halliburton Co. has a one year low of $27.64 and a one year high of $47.96. The firm’s market capitalization is $40.53 billion.
Halliburton (NYSE:HAL) last announced its earnings results on Wednesday, July 20th. The oilfield services company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.05. The business earned $3.84 billion during the quarter, compared to analysts’ expectations of $3.76 billion. Halliburton had a negative net margin of 30.50% and a positive return on equity of 3.55%. The firm’s revenue for the quarter was down 35.2% on a year-over-year basis. During the same quarter last year, the company posted $0.44 EPS. Equities analysts anticipate that Halliburton Co. will post ($0.18) EPS for the current year.
A number of analysts recently issued reports on HAL shares. Johnson Rice restated an “accumulate” rating on shares of Halliburton in a research report on Monday, July 25th. Citigroup Inc. restated a “buy” rating on shares of Halliburton in a research report on Saturday, June 25th. Vetr lowered shares of Halliburton from a “strong-buy” rating to a “buy” rating and set a $50.00 target price on the stock. in a research report on Wednesday, June 22nd. Jefferies Group restated a “buy” rating and set a $56.00 target price (up previously from $47.00) on shares of Halliburton in a research report on Monday, July 11th. Finally, Goldman Sachs Group Inc. restated a “buy” rating on shares of Halliburton in a research report on Tuesday, July 5th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $47.30.
In related news, insider James S. Brown sold 28,439 shares of the stock in a transaction dated Monday, October 10th. The shares were sold at an average price of $47.00, for a total transaction of $1,336,633.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.46% of the company’s stock.
Halliburton Company is a provider of services and products to the upstream oil and natural gas industry. The Company operates through two segments: the Completion and Production segment, and the Drilling and Evaluation segment. The Company’s Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift, and completion products and services.
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