Halliburton Company $HAL Stock Holdings Boosted by M&G PLC

M&G PLC boosted its position in Halliburton Company (NYSE:HAL) by 18.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 372,139 shares of the oilfield services company’s stock after purchasing an additional 58,746 shares during the quarter. M&G PLC’s holdings in Halliburton were worth $7,443,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HAL. Charles Schwab Investment Management Inc. raised its holdings in shares of Halliburton by 450.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 29,941,771 shares of the oilfield services company’s stock valued at $759,623,000 after buying an additional 24,506,472 shares during the last quarter. Invesco Ltd. grew its stake in shares of Halliburton by 7.3% in the first quarter. Invesco Ltd. now owns 10,813,905 shares of the oilfield services company’s stock worth $274,349,000 after purchasing an additional 731,105 shares in the last quarter. LSV Asset Management increased its holdings in shares of Halliburton by 3.3% during the first quarter. LSV Asset Management now owns 6,113,044 shares of the oilfield services company’s stock valued at $155,088,000 after purchasing an additional 193,022 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Halliburton by 5.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,279,815 shares of the oilfield services company’s stock valued at $133,949,000 after purchasing an additional 282,492 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in Halliburton by 217.4% in the first quarter. AQR Capital Management LLC now owns 4,641,111 shares of the oilfield services company’s stock worth $116,770,000 after purchasing an additional 3,178,746 shares during the period. 85.23% of the stock is owned by institutional investors and hedge funds.

Halliburton Price Performance

Shares of NYSE:HAL opened at $26.90 on Thursday. The company has a market cap of $22.64 billion, a P/E ratio of 17.81 and a beta of 1.03. Halliburton Company has a 12-month low of $18.72 and a 12-month high of $32.57. The company has a quick ratio of 1.43, a current ratio of 1.95 and a debt-to-equity ratio of 0.70. The company’s fifty day moving average is $24.44 and its two-hundred day moving average is $22.38.

Halliburton (NYSE:HAL) last posted its quarterly earnings results on Tuesday, October 21st. The oilfield services company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.50 by $0.08. Halliburton had a net margin of 5.91% and a return on equity of 20.12%. The business had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.39 billion. During the same period last year, the company posted $0.73 earnings per share. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. Equities analysts expect that Halliburton Company will post 2.64 earnings per share for the current fiscal year.

Analysts Set New Price Targets

HAL has been the topic of a number of recent analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Halliburton in a research report on Wednesday, October 8th. Zephirin Group increased their price target on Halliburton from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Rothschild Redb raised Halliburton to a “strong-buy” rating in a research note on Monday, November 3rd. Hsbc Global Res raised Halliburton from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 22nd. Finally, Rothschild & Co Redburn assumed coverage on shares of Halliburton in a research report on Monday, November 3rd. They issued a “buy” rating and a $35.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $31.48.

About Halliburton

Halliburton Company provides products and services to the energy industry worldwide. It operates through two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; and completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, and service tools, as well as liner hanger, sand control, and multilateral systems.