Halliburton Company (HAL) Shares Bought by Insight 2811 Inc.

Insight 2811 Inc. grew its stake in Halliburton Company (NYSE:HAL) by 15.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,697 shares of the oilfield services company’s stock after purchasing an additional 1,332 shares during the quarter. Insight 2811 Inc.’s holdings in Halliburton were worth $446,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Rehmann Capital Advisory Group grew its position in shares of Halliburton by 25.6% in the third quarter. Rehmann Capital Advisory Group now owns 6,776 shares of the oilfield services company’s stock valued at $312,000 after purchasing an additional 1,381 shares during the period. State of New Jersey Common Pension Fund D grew its position in shares of Halliburton by 38.4% in the third quarter. State of New Jersey Common Pension Fund D now owns 318,400 shares of the oilfield services company’s stock valued at $14,656,000 after purchasing an additional 88,400 shares during the period. Korea Investment CORP grew its position in shares of Halliburton by 0.4% in the third quarter. Korea Investment CORP now owns 1,072,351 shares of the oilfield services company’s stock valued at $49,360,000 after purchasing an additional 4,400 shares during the period. Aperio Group LLC grew its position in shares of Halliburton by 9.1% in the third quarter. Aperio Group LLC now owns 399,038 shares of the oilfield services company’s stock valued at $18,368,000 after purchasing an additional 33,347 shares during the period. Finally, Vaughan Nelson Investment Management L.P. grew its position in shares of Halliburton by 24.7% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,536,294 shares of the oilfield services company’s stock valued at $70,715,000 after purchasing an additional 304,010 shares during the period. Institutional investors and hedge funds own 79.36% of the company’s stock.

In other news, EVP Lawrence J. Pope sold 43,000 shares of Halliburton stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $39.66, for a total transaction of $1,705,380.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.47% of the company’s stock.

Halliburton Company (NYSE HAL) traded up 0.33% on Monday, reaching $42.57. 1,069,422 shares of the company’s stock traded hands. The firm’s market capitalization is $37.10 billion. Halliburton Company has a 52 week low of $38.18 and a 52 week high of $58.78. The stock has a 50-day moving average of $43.63 and a 200 day moving average of $43.66.

Halliburton (NYSE:HAL) last posted its quarterly earnings data on Monday, October 23rd. The oilfield services company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.04. The company had revenue of $5.44 billion for the quarter, compared to analyst estimates of $5.35 billion. Halliburton had a net margin of 1.13% and a return on equity of 6.93%. The business’s quarterly revenue was up 42.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.01 earnings per share. On average, equities analysts expect that Halliburton Company will post $1.15 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “Halliburton Company (HAL) Shares Bought by Insight 2811 Inc.” was first published by Community Financial News and is owned by of Community Financial News. If you are reading this piece on another domain, it was illegally copied and republished in violation of international trademark and copyright legislation. The legal version of this piece can be viewed at https://www.com-unik.info/2017/10/30/halliburton-company-hal-shares-bought-by-insight-2811-inc.html.

Several analysts have recently issued reports on the stock. Piper Jaffray Companies set a $53.00 target price on shares of Halliburton and gave the company a “buy” rating in a research report on Monday. Citigroup Inc. dropped their target price on shares of Halliburton from $54.00 to $52.00 and set a “buy” rating on the stock in a research report on Wednesday, October 25th. Scotiabank reiterated a “buy” rating and issued a $52.00 target price on shares of Halliburton in a research report on Wednesday, October 25th. Loop Capital reiterated a “buy” rating and issued a $57.00 target price (down previously from $62.00) on shares of Halliburton in a research report on Tuesday, October 24th. Finally, Cowen and Company reiterated a “market perform” rating and issued a $50.00 target price on shares of Halliburton in a research report on Tuesday, October 24th. One analyst has rated the stock with a sell rating, four have given a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $57.55.

About Halliburton

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.

Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

What are top analysts saying about Halliburton Company? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Halliburton Company and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit