Edmond DE Rothschild Holding S.A. Purchases Shares of 381,800 Halliburton Company $HAL

Edmond DE Rothschild Holding S.A. bought a new position in Halliburton Company (NYSE:HAL) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 381,800 shares of the oilfield services company’s stock, valued at approximately $12,962,000.

A number of other large investors have also recently modified their holdings of the stock. Nvest Wealth Strategies Inc. purchased a new position in shares of Halliburton during the fourth quarter valued at about $25,000. Kelleher Financial Advisors purchased a new stake in Halliburton in the third quarter worth about $25,000. Newbridge Financial Services Group Inc. bought a new stake in Halliburton during the 2nd quarter valued at approximately $25,000. Meeder Asset Management Inc. bought a new stake in Halliburton during the 2nd quarter valued at approximately $26,000. Finally, Zions Bancorporation National Association UT grew its holdings in shares of Halliburton by 196.4% during the 4th quarter. Zions Bancorporation National Association UT now owns 981 shares of the oilfield services company’s stock worth $28,000 after acquiring an additional 650 shares during the period. Institutional investors own 85.23% of the company’s stock.

Wall Street Analyst Weigh In

HAL has been the subject of several research reports. Royal Bank Of Canada increased their target price on Halliburton from $43.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Capital One Financial lifted their price target on Halliburton from $41.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, May 20th. Griffin Securities upgraded Halliburton from a “neutral” rating to a “buy” rating and set a $47.00 price objective for the company in a report on Wednesday, April 22nd. Wolfe Research assumed coverage on Halliburton in a research report on Wednesday, July 8th. They set a “peer perform” rating for the company. Finally, Jefferies Financial Group restated a “buy” rating and set a $47.00 target price on shares of Halliburton in a report on Sunday, April 26th. Eighteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $43.10.

Insider Activity at Halliburton

In other news, CFO Eric Carre sold 24,778 shares of the stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $35.89, for a total value of $889,282.42. Following the sale, the chief financial officer directly owned 148,520 shares of the company’s stock, valued at approximately $5,330,382.80. This represents a 14.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.57% of the company’s stock.

Halliburton Stock Performance

Shares of HAL opened at $35.05 on Thursday. The company has a quick ratio of 1.50, a current ratio of 2.02 and a debt-to-equity ratio of 0.64. The business’s 50 day moving average price is $34.11 and its 200-day moving average price is $36.50. Halliburton Company has a 52 week low of $20.78 and a 52 week high of $43.59. The stock has a market cap of $29.20 billion, a P/E ratio of 18.35, a P/E/G ratio of 2.17 and a beta of 0.73.

Halliburton (NYSE:HAL) last posted its quarterly earnings data on Tuesday, July 21st. The oilfield services company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. The company had revenue of $5.71 billion during the quarter, compared to analyst estimates of $5.50 billion. Halliburton had a return on equity of 18.71% and a net margin of 7.16%.The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the company earned $0.55 EPS. Equities research analysts anticipate that Halliburton Company will post 2.34 earnings per share for the current fiscal year.

Halliburton Company Profile

Halliburton is one of the world’s largest providers of products and services to the energy industry, offering a broad portfolio that supports the lifecycle of oil and gas reservoirs from exploration and drilling through production and abandonment. Founded in 1919 by Erle P. Halliburton as an oil-well cementing company, the firm is headquartered in Houston, Texas and has developed into an integrated oilfield services company serving upstream operators globally.

The company’s activities encompass drilling and evaluation, well construction and completion, production enhancement and well intervention.