LGT Capital Partners LTD. boosted its holdings in Halliburton (NYSE:HAL) by 9.8% in the 3rd quarter, Holdings Channel reports. The firm owned 291,960 shares of the oilfield services company’s stock after purchasing an additional 25,960 shares during the period. LGT Capital Partners LTD.’s holdings in Halliburton were worth $11,833,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of HAL. Avestar Capital LLC lifted its stake in Halliburton by 1,159.6% in the second quarter. Avestar Capital LLC now owns 2,368 shares of the oilfield services company’s stock worth $105,000 after purchasing an additional 2,180 shares during the last quarter. Sun Life Financial INC lifted its stake in Halliburton by 1,170.1% in the second 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. McKinley Carter Wealth Services Inc. purchased a new position in shares of Halliburton in the first quarter valued at about $129,000. Squar Milner Financial Services LLC purchased a new position in shares of Halliburton in the second quarter valued at about $130,000. Finally, Banco de Sabadell S.A purchased a new position in shares of Halliburton in the second quarter valued at about $136,000. 78.84% of the stock is owned by institutional investors and hedge funds.
In related news, insider James S. Brown sold 15,989 shares of the business’s stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $40.53, for a total transaction of $648,034.17. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Murry Gerber acquired 5,800 shares of the company’s stock in a transaction that occurred on Thursday, July 26th. The shares were acquired at an average cost of $40.66 per share, for a total transaction of $235,828.00. Following the purchase, the director now directly owns 60,961 shares of the company’s stock, valued at $2,478,674.26. The disclosure for this purchase can be found here. Insiders own 0.54% of the company’s stock.
Halliburton (NYSE:HAL) last posted its quarterly earnings data on Monday, July 23rd. The oilfield services company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.01). Halliburton had a return on equity of 19.48% and a net margin of 0.42%. The business had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $6.12 billion. During the same period in the previous year, the firm earned $0.23 EPS. The company’s revenue was up 24.0% on a year-over-year basis. On average, equities research analysts expect that Halliburton will post 1.99 earnings per share for the current fiscal year.
A number of research firms have issued reports on HAL. Cleveland Research cut shares of Halliburton from a “buy” rating to a “neutral” rating in a research report on Thursday. ValuEngine upgraded shares of Halliburton from a “sell” rating to a “hold” rating in a research report on Thursday, October 4th. Zacks Investment Research cut shares of Halliburton from a “buy” rating to a “hold” rating in a research report on Monday, July 2nd. Royal Bank of Canada set a $54.00 price objective on shares of Halliburton and gave the company a “buy” rating in a research report on Tuesday, July 24th. Finally, Citigroup set a $51.00 price objective on shares of Halliburton and gave the company a “buy” rating in a research report on Tuesday, July 24th. Six research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Halliburton currently has a consensus rating of “Buy” and a consensus price target of $53.56.
Halliburton Company Profile
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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