Halliburton Co. (HAL) Shares Bought by Viking Fund Management LLC
Viking Fund Management LLC increased its position in Halliburton Co. (NYSE:HAL) by 21.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 560,000 shares of the oilfield services company’s stock after buying an additional 100,000 shares during the period. Halliburton comprises 4.1% of Viking Fund Management LLC’s portfolio, making the stock its 5th largest position. Viking Fund Management LLC owned 0.07% of Halliburton worth $25,133,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the company. Johnson Financial Group Inc. increased its stake in Halliburton by 51.3% in the second quarter. Johnson Financial Group Inc. now owns 2,277 shares of the oilfield services company’s stock worth $103,000 after buying an additional 772 shares during the period. Quadrant Capital Group LLC increased its stake in Halliburton by 17.5% in the second quarter. Quadrant Capital Group LLC now owns 2,542 shares of the oilfield services company’s stock worth $104,000 after buying an additional 379 shares during the period. Manchester Capital Management LLC increased its stake in Halliburton by 0.4% in the second quarter. Manchester Capital Management LLC now owns 2,354 shares of the oilfield services company’s stock worth $107,000 after buying an additional 9 shares during the period. Citizens Financial Group Inc RI increased its stake in Halliburton by 33.4% in the second quarter. Citizens Financial Group Inc RI now owns 2,589 shares of the oilfield services company’s stock worth $117,000 after buying an additional 648 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in Halliburton during the second quarter worth approximately $120,000. 79.64% of the stock is owned by institutional investors and hedge funds.
Halliburton Co. (NYSE:HAL) traded up 0.23% on Thursday, reaching $47.07. 4,650,205 shares of the company’s stock traded hands. The firm’s market capitalization is $40.53 billion. Halliburton Co. has a 52 week low of $27.64 and a 52 week high of $47.64. The stock has a 50-day moving average of $43.58 and a 200 day moving average of $42.41.
Halliburton (NYSE:HAL) last issued its earnings results on Wednesday, July 20th. The oilfield services company reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.05. The business earned $3.84 billion during the quarter, compared to analyst estimates of $3.76 billion. Halliburton had a positive return on equity of 3.55% and a negative net margin of 30.50%. Halliburton’s revenue was down 35.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.44 earnings per share. On average, equities analysts expect that Halliburton Co. will post ($0.18) EPS for the current fiscal year.
HAL has been the subject of a number of research analyst reports. Johnson Rice reaffirmed an “accumulate” rating on shares of Halliburton in a research report on Monday, July 25th. Goldman Sachs Group Inc. reissued a “buy” rating and set a $46.00 price objective on shares of Halliburton in a research report on Wednesday, June 15th. Citigroup Inc. reissued a “buy” rating on shares of Halliburton in a research report on Saturday, June 25th. Vetr downgraded shares of Halliburton from a “strong-buy” rating to a “buy” rating and set a $50.00 price objective for the company. in a research report on Wednesday, June 22nd. Finally, Jefferies Group reissued a “buy” rating and set a $56.00 price objective (up previously from $47.00) on shares of Halliburton in a research report on Monday, July 11th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $47.17.
In other Halliburton news, insider James S. Brown sold 28,439 shares of the company’s stock in a transaction on Monday, October 10th. The stock was sold at an average price of $47.00, for a total value of $1,336,633.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.46% of the stock is owned by corporate insiders.
Halliburton Company Profile
Halliburton Company is a provider of services and products to the upstream oil and natural gas industry. The Company operates through two segments: the Completion and Production segment, and the Drilling and Evaluation segment. The Company’s Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift, and completion products and services.
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