Beaton Management Co. Inc. Acquires Shares of 5,015 Halliburton Company (HAL)
Beaton Management Co. Inc. acquired a new stake in Halliburton Company (NYSE:HAL) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 5,015 shares of the oilfield services company’s stock, valued at approximately $214,000.
Other large investors have also recently made changes to their positions in the company. Sumitomo Mitsui Financial Group Inc. bought a new position in Halliburton in the first quarter valued at approximately $100,000. Perigon Wealth Management LLC increased its stake in Halliburton by 0.8% in the first quarter. Perigon Wealth Management LLC now owns 2,049 shares of the oilfield services company’s stock valued at $101,000 after acquiring an additional 17 shares during the last quarter. Ledyard National Bank increased its stake in Halliburton by 6.5% in the second quarter. Ledyard National Bank now owns 2,469 shares of the oilfield services company’s stock valued at $106,000 after acquiring an additional 150 shares during the last quarter. Bbva Compass Bancshares Inc. increased its stake in Halliburton by 5.0% in the second quarter. Bbva Compass Bancshares Inc. now owns 2,701 shares of the oilfield services company’s stock valued at $115,000 after acquiring an additional 128 shares during the last quarter. Finally, Independent Portfolio Consultants Inc. increased its stake in Halliburton by 87.6% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,711 shares of the oilfield services company’s stock valued at $116,000 after acquiring an additional 1,266 shares during the last quarter. 79.52% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Halliburton from a “sell” rating to a “hold” rating in a research note on Tuesday. Deutsche Bank AG started coverage on shares of Halliburton in a research note on Tuesday. They set a “buy” rating and a $54.00 target price on the stock. Cowen and Company set a $50.00 target price on shares of Halliburton and gave the stock a “hold” rating in a research note on Friday, October 6th. TheStreet raised shares of Halliburton from a “d+” rating to a “c-” rating in a research note on Friday, September 29th. Finally, Citigroup Inc. boosted their target price on shares of Halliburton from $52.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday, October 5th. One analyst has rated the stock with a sell rating, four have given a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $57.88.
Halliburton Company (NYSE:HAL) traded down 0.09% during midday trading on Friday, hitting $44.72. 4,730,045 shares of the company were exchanged. The stock has a 50 day moving average of $42.79 and a 200 day moving average of $44.13. The firm’s market capitalization is $38.98 billion. Halliburton Company has a 1-year low of $38.18 and a 1-year high of $58.78.
Halliburton (NYSE:HAL) last announced its earnings results on Monday, July 24th. The oilfield services company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.05. Halliburton had a negative net margin of 0.86% and a positive return on equity of 2.97%. The firm had revenue of $4.96 billion for the quarter, compared to analyst estimates of $4.86 billion. During the same quarter in the previous year, the firm posted ($0.14) EPS. The company’s revenue for the quarter was up 29.3% compared to the same quarter last year. On average, equities analysts predict that Halliburton Company will post $1.12 earnings per share for the current fiscal year.
In related news, EVP Lawrence J. Pope sold 43,000 shares of Halliburton stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $39.66, for a total transaction of $1,705,380.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.46% of the company’s stock.
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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