FDx Advisors Inc. reduced its holdings in Halliburton (NYSE:HAL) by 19.6% in the 1st quarter, HoldingsChannel.com reports. The fund owned 64,630 shares of the oilfield services company’s stock after selling 15,713 shares during the period. FDx Advisors Inc.’s holdings in Halliburton were worth $3,034,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Madison Investment Holdings Inc. acquired a new position in Halliburton in the 4th quarter valued at approximately $4,875,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Halliburton by 42.3% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 498,021 shares of the oilfield services company’s stock worth $24,338,000 after buying an additional 148,155 shares during the period. Tyers Asset Management LLC increased its position in shares of Halliburton by 36.9% during the fourth quarter. Tyers Asset Management LLC now owns 16,192 shares of the oilfield services company’s stock worth $791,000 after buying an additional 4,368 shares during the period. W.G. Shaheen & Associates DBA Whitney & Co acquired a new stake in shares of Halliburton during the fourth quarter worth $3,680,000. Finally, Financial Counselors Inc. increased its position in shares of Halliburton by 23.7% during the fourth quarter. Financial Counselors Inc. now owns 123,141 shares of the oilfield services company’s stock worth $6,018,000 after buying an additional 23,557 shares during the period. Hedge funds and other institutional investors own 80.13% of the company’s stock.
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Several equities research analysts have recently weighed in on HAL shares. Zacks Investment Research upgraded shares of Halliburton from a “sell” rating to a “hold” rating in a research report on Wednesday, April 18th. Cowen reiterated a “hold” rating and set a $60.00 price objective on shares of Halliburton in a research report on Tuesday, January 23rd. Bank of America increased their price objective on shares of Halliburton from $50.00 to $51.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 18th. BMO Capital Markets reiterated a “buy” rating and set a $58.00 price objective on shares of Halliburton in a research report on Tuesday, January 16th. Finally, ValuEngine cut shares of Halliburton from a “hold” rating to a “sell” rating in a research report on Friday, March 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-two have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $58.71.
NYSE:HAL opened at $52.19 on Friday. The company has a quick ratio of 1.73, a current ratio of 2.22 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $46,111.39, a price-to-earnings ratio of 42.78, a P/E/G ratio of 2.68 and a beta of 1.03. Halliburton has a 12 month low of $38.18 and a 12 month high of $57.86.
Halliburton (NYSE:HAL) last released its quarterly earnings data on Monday, April 23rd. The oilfield services company reported $0.41 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.41. Halliburton had a negative net margin of 1.74% and a positive return on equity of 15.87%. The firm had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.74 billion. During the same period last year, the firm earned $0.04 earnings per share. The business’s quarterly revenue was up 34.1% compared to the same quarter last year. research analysts anticipate that Halliburton will post 2.46 EPS for the current year.
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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