236,865 Shares in Halliburton Company $HAL Purchased by Wealthfront Advisers LLC

Wealthfront Advisers LLC bought a new position in shares of Halliburton Company (NYSE:HAL) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 236,865 shares of the oilfield services company’s stock, valued at approximately $8,042,000.

Several other institutional investors have also bought and sold shares of HAL. Bank of Nova Scotia grew its stake in Halliburton by 128.8% during the first quarter. Bank of Nova Scotia now owns 2,284,612 shares of the oilfield services company’s stock worth $89,077,000 after buying an additional 1,286,095 shares during the last quarter. ABN Amro Investment Solutions bought a new position in shares of Halliburton in the fourth quarter valued at approximately $827,000. Swiss Life Asset Management Ltd raised its stake in shares of Halliburton by 22.0% in the fourth quarter. Swiss Life Asset Management Ltd now owns 373,949 shares of the oilfield services company’s stock valued at $10,568,000 after acquiring an additional 67,369 shares during the last quarter. K.J. Harrison & Partners Inc boosted its holdings in shares of Halliburton by 172.6% in the 4th quarter. K.J. Harrison & Partners Inc now owns 110,000 shares of the oilfield services company’s stock worth $3,109,000 after acquiring an additional 69,644 shares in the last quarter. Finally, Nwam LLC acquired a new position in shares of Halliburton in the 4th quarter worth approximately $3,731,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $43.00 price target (up from $36.00) on shares of Halliburton in a report on Wednesday, April 22nd. Griffin Securities upgraded Halliburton from a “neutral” rating to a “buy” rating and set a $47.00 price objective for the company in a research report on Wednesday, April 22nd. TD Cowen reduced their price objective 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 increased their target price on Halliburton from $41.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, May 20th. Finally, Morgan Stanley lowered their target price on Halliburton from $41.00 to $40.00 and set an “overweight” rating for the company in a research note on Wednesday, July 22nd. Eighteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Halliburton currently has an average rating of “Moderate Buy” and a consensus price target of $43.10.

Insider Buying and Selling at Halliburton

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

Halliburton Stock Performance

Shares of Halliburton stock opened at $35.05 on Thursday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.02 and a quick ratio of 1.50. The firm has a market cap 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. The firm has a 50 day simple moving average of $34.11 and a 200 day simple moving average of $36.50. Halliburton Company has a fifty-two week low of $20.78 and a fifty-two week high of $43.59.

Halliburton (NYSE:HAL) last posted its quarterly earnings data 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 firm had revenue of $5.71 billion during 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 revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.55 EPS. Sell-side analysts predict that Halliburton Company will post 2.34 earnings per share for the current fiscal year.

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.