Norinchukin Bank The raised its stake in Halliburton Company (NYSE:HAL) by 4.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 113,998 shares of the oilfield services company’s stock after buying an additional 5,351 shares during the period. Norinchukin Bank The’s holdings in Halliburton were worth $5,571,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. IFG Advisory LLC purchased a new stake in Halliburton in the 4th quarter valued at $253,000. Calton & Associates Inc. purchased a new stake in Halliburton in the 4th quarter valued at $128,000. Cerebellum GP LLC purchased a new stake in Halliburton in the 4th quarter valued at $131,000. YorkBridge Wealth Partners LLC lifted its stake in shares of Halliburton by 243.3% in the 3rd quarter. YorkBridge Wealth Partners LLC now owns 3,165 shares of the oilfield services company’s stock valued at $146,000 after purchasing an additional 2,243 shares during the last quarter. Finally, Nicolet Bankshares Inc. acquired a new position in shares of Halliburton in the 4th quarter valued at $193,000. Institutional investors own 80.61% of the company’s stock.
Halliburton Company (HAL) opened at $47.50 on Tuesday. Halliburton Company has a 12 month low of $38.18 and a 12 month high of $57.86. The company has a current ratio of 2.22, a quick ratio of 1.72 and a debt-to-equity ratio of 1.25. The stock has a market capitalization of $41,558.22, a PE ratio of -89.62, a P/E/G ratio of 2.27 and a beta of 0.97.
In other Halliburton news, VP Anne L. Beaty sold 2,937 shares of the company’s stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $51.57, for a total transaction of $151,461.09. Following the sale, the vice president now owns 60,839 shares in the company, valued at approximately $3,137,467.23. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jeffrey Allen Miller sold 29,025 shares of the company’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $55.00, for a total value of $1,596,375.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 164,507 shares of company stock worth $8,380,429. 0.47% of the stock is owned by company insiders.
Several equities analysts have recently commented on the company. Atlantic Securities raised Halliburton from an “underweight” rating to a “neutral” rating in a research note on Monday, January 29th. Barclays set a $66.00 price target on Halliburton and gave the company a “buy” rating in a research note on Tuesday, January 23rd. Jefferies Group set a $65.00 price target on Halliburton and gave the company a “buy” rating in a research note on Tuesday, January 23rd. B. Riley upped their price target on Halliburton from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. Finally, Cowen reaffirmed a “hold” rating and issued a $60.00 price target on shares of Halliburton in a research note on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. Halliburton presently has an average rating of “Buy” and an average target price of $59.73.
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Halliburton Company Profile
Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.
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