4,600 Shares in Halliburton Company (HAL) Acquired by Osborn Williams & Donohoe LLC
Osborn Williams & Donohoe LLC bought a new stake in Halliburton Company (NYSE:HAL) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 4,600 shares of the oilfield services company’s stock, valued at approximately $212,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sumitomo Mitsui Financial Group Inc. acquired a new stake in shares of Halliburton in the first quarter valued at about $100,000. Perigon Wealth Management LLC grew its position in shares of 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 purchasing an additional 17 shares during the period. Ledyard National Bank grew its position in shares of 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 purchasing an additional 150 shares during the period. Bbva Compass Bancshares Inc. grew its position in shares of 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 purchasing an additional 128 shares during the period. Finally, Independent Portfolio Consultants Inc. grew its position in shares of 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 purchasing an additional 1,266 shares during the period. Institutional investors and hedge funds own 79.40% of the company’s stock.
Several analysts have recently issued reports on the stock. J P Morgan Chase & Co dropped their target price on shares of Halliburton from $60.00 to $55.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 12th. Royal Bank Of Canada set a $65.00 target price on shares of Halliburton and gave the company a “buy” rating in a research report on Saturday, June 24th. Credit Suisse Group restated an “outperform” rating and set a $55.00 price target (down from $60.00) on shares of Halliburton in a research report on Tuesday, July 25th. ValuEngine upgraded shares of Halliburton from a “sell” rating to a “hold” rating in a research report on Saturday, July 22nd. Finally, Zacks Investment Research lowered shares of Halliburton from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $57.70.
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In other news, EVP Lawrence J. Pope sold 43,000 shares of the business’s stock in a transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.47% of the company’s stock.
Halliburton Company (NYSE:HAL) traded down 0.708% during mid-day trading on Wednesday, reaching $44.145. 2,194,723 shares of the company traded hands. The firm’s 50-day moving average is $42.90 and its 200 day moving average is $44.06. Halliburton Company has a 52-week low of $38.18 and a 52-week high of $58.78. The stock’s market capitalization is $38.48 billion.
Halliburton (NYSE:HAL) last released its quarterly earnings data on Monday, July 24th. The oilfield services company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates 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 negative net margin of 0.86% and a positive return on equity of 2.97%. The firm’s 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 expect that Halliburton Company will post $1.11 earnings per share for the current year.
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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