Wunderlich Capital Managemnt decreased its position in Halliburton Company (NYSE:HAL) by 0.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 9,340 shares of the oilfield services company’s stock after selling 3 shares during the quarter. Wunderlich Capital Managemnt’s holdings in Halliburton were worth $399,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of HAL. CIBC World Markets Inc. grew its holdings in shares of Halliburton by 196.2% in the 1st quarter. CIBC World Markets Inc. now owns 834,732 shares of the oilfield services company’s stock worth $41,077,000 after purchasing an additional 552,892 shares during the last quarter. State of Wisconsin Investment Board grew its holdings in shares of Halliburton by 21.4% in the 1st quarter. State of Wisconsin Investment Board now owns 1,019,349 shares of the oilfield services company’s stock worth $50,162,000 after purchasing an additional 179,813 shares during the last quarter. Mutual of America Capital Management LLC grew its holdings in shares of Halliburton by 4.4% in the 1st quarter. Mutual of America Capital Management LLC now owns 106,756 shares of the oilfield services company’s stock worth $5,253,000 after purchasing an additional 4,468 shares during the last quarter. Stevens Capital Management LP bought a new stake in shares of Halliburton in the 1st quarter worth about $6,527,000. Finally, Pitcairn Co. grew its holdings in shares of Halliburton by 82.5% in the 1st quarter. Pitcairn Co. now owns 14,167 shares of the oilfield services company’s stock worth $697,000 after purchasing an additional 6,404 shares during the last quarter. 79.52% of the stock is currently owned by institutional investors and hedge funds.
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Several equities research analysts have recently weighed in on HAL shares. Credit Suisse Group set a $60.00 target price on shares of Halliburton and gave the stock a “buy” rating in a report on Saturday, July 1st. Jefferies Group LLC reaffirmed a “buy” rating and issued a $69.00 target price on shares of Halliburton in a report on Friday, June 30th. Scotiabank reaffirmed a “buy” rating and issued a $59.00 target price on shares of Halliburton in a report on Wednesday, June 28th. Royal Bank Of Canada set a $65.00 target price on shares of Halliburton and gave the stock a “buy” rating in a report on Saturday, June 24th. Finally, HSBC Holdings plc reaffirmed a “buy” rating and issued a $62.00 target price (down previously from $65.00) on shares of Halliburton in a report on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $57.88.
Halliburton Company (NYSE:HAL) traded up 0.25% during mid-day trading on Friday, reaching $44.87. The company had a trading volume of 1,438,586 shares. The firm’s 50-day moving average is $42.62 and its 200-day moving average is $44.15. The firm’s market capitalization is $39.11 billion. Halliburton Company has a one year low of $38.18 and a one year high of $58.78.
Halliburton (NYSE:HAL) last released its quarterly earnings data on Monday, July 24th. The oilfield services company reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.05. The firm had revenue of $4.96 billion during the quarter, compared to the consensus estimate of $4.86 billion. Halliburton had a positive return on equity of 2.97% and a negative net margin of 0.86%. The company’s quarterly revenue was up 29.3% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.14) earnings per share. On average, equities research analysts anticipate that Halliburton Company will post $1.11 earnings per share for the current fiscal year.
In other news, EVP Lawrence J. Pope sold 43,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $39.66, for a total transaction of $1,705,380.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.46% of the company’s stock.
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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