Cleveland Research cut shares of Halliburton (NYSE:HAL) from a buy rating to a neutral rating in a research report report published on Thursday, MarketBeat Ratings reports.
HAL has been the subject of a number of other research reports. ValuEngine upgraded Halliburton from a sell rating to a hold rating in a research note on Thursday, October 4th. HSBC reduced their price objective on Halliburton to $51.00 and set a buy rating for the company in a research note on Monday, October 8th. Citigroup reduced their price objective on Halliburton from $61.00 to $53.00 and set a buy rating for the company in a research note on Monday, June 25th. Credit Suisse Group set a $51.00 price objective on Halliburton and gave the company a buy rating in a research note on Thursday, September 6th. Finally, Raymond James reduced their price objective on Halliburton from $62.00 to $59.00 and set a strong-buy rating for the company in a research note on Tuesday, July 24th. Six analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. Halliburton has an average rating of Buy and a consensus target price of $53.56.
HAL stock traded down $0.17 during midday trading on Thursday, reaching $37.83. The stock had a trading volume of 997,062 shares, compared to its average volume of 8,925,537. The firm has a market capitalization of $34.81 billion, a price-to-earnings ratio of 31.52, a price-to-earnings-growth ratio of 2.50 and a beta of 1.01. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.24 and a quick ratio of 1.72. Halliburton has a 52-week low of $35.75 and a 52-week high of $57.86.
In other news, insider James S. Brown sold 15,989 shares of the firm’s stock in a transaction dated Thursday, September 20th. The stock was sold at an average price of $40.53, for a total transaction of $648,034.17. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Murry Gerber bought 5,800 shares of the company’s stock in a transaction dated Thursday, July 26th. The shares were acquired at an average price of $40.66 per share, for a total transaction of $235,828.00. Following the completion of the transaction, the director now directly owns 60,961 shares in the company, valued at $2,478,674.26. The disclosure for this purchase can be found here. 0.54% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of HAL. Avestar Capital LLC boosted its holdings in Halliburton by 1,159.6% in the 2nd quarter. Avestar Capital LLC now owns 2,368 shares of the oilfield services company’s stock worth $105,000 after buying an additional 2,180 shares during the last quarter. Sun Life Financial INC boosted its holdings in shares of Halliburton by 1,170.1% during the 2nd quarter. Sun Life Financial INC now owns 2,375 shares of the oilfield services company’s stock worth $107,000 after purchasing an additional 2,188 shares during the last quarter. Squar Milner Financial Services LLC acquired a new position in shares of Halliburton during the 2nd quarter worth approximately $130,000. Banco de Sabadell S.A acquired a new position in shares of Halliburton during the 2nd quarter worth approximately $136,000. Finally, Trust Co. of Vermont boosted its holdings in shares of Halliburton by 58.5% during the 2nd quarter. Trust Co. of Vermont now owns 3,024 shares of the oilfield services company’s stock worth $137,000 after purchasing an additional 1,116 shares during the last quarter. Hedge funds and other institutional investors own 78.98% of the company’s stock.
Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.
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