Atria Investments Inc Has $955,000 Stock Position in Halliburton (NYSE:HAL)

Atria Investments Inc trimmed its stake in shares of Halliburton (NYSE:HAL) by 17.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,877 shares of the oilfield services company’s stock after selling 7,100 shares during the period. Atria Investments Inc’s holdings in Halliburton were worth $955,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in HAL. Capital World Investors raised its stake in shares of Halliburton by 0.3% in the 1st quarter. Capital World Investors now owns 121,928,734 shares of the oilfield services company’s stock valued at $4,806,431,000 after purchasing an additional 377,500 shares during the period. Price T Rowe Associates Inc. MD raised its position in Halliburton by 46.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 61,090,055 shares of the oilfield services company’s stock valued at $2,408,171,000 after buying an additional 19,237,784 shares during the last quarter. Pacer Advisors Inc. lifted its stake in Halliburton by 17,317.6% in the 2nd quarter. Pacer Advisors Inc. now owns 13,631,188 shares of the oilfield services company’s stock valued at $460,462,000 after acquiring an additional 13,552,927 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Halliburton by 20.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 10,087,115 shares of the oilfield services company’s stock worth $340,752,000 after acquiring an additional 1,681,620 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Halliburton by 1.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 7,342,857 shares of the oilfield services company’s stock worth $248,042,000 after acquiring an additional 83,894 shares in the last quarter. 85.23% of the stock is owned by institutional investors.

Halliburton Stock Down 1.4 %

HAL opened at $29.69 on Monday. The stock has a fifty day moving average of $29.14 and a 200-day moving average of $32.17. The company has a market capitalization of $26.08 billion, a P/E ratio of 10.34, a P/E/G ratio of 3.64 and a beta of 1.89. Halliburton has a fifty-two week low of $27.26 and a fifty-two week high of $41.56. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.62 and a current ratio of 2.21.

Halliburton (NYSE:HAL) last issued its quarterly earnings data on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.02). The business had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.83 billion. Halliburton had a return on equity of 28.33% and a net margin of 11.04%. Halliburton’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.79 EPS. On average, equities analysts expect that Halliburton will post 3.02 EPS for the current year.

Analysts Set New Price Targets

HAL has been the subject of several recent research reports. Susquehanna reduced their target price on shares of Halliburton from $42.00 to $40.00 and set a “positive” rating for the company in a report on Friday, November 8th. Piper Sandler reduced their price target on Halliburton from $46.00 to $40.00 and set an “overweight” rating for the company in a research report on Monday, July 22nd. BMO Capital Markets lowered their price target on Halliburton from $40.00 to $38.00 and set a “market perform” rating on the stock in a research report on Thursday, October 10th. The Goldman Sachs Group decreased their target price on shares of Halliburton from $47.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Finally, Raymond James dropped their price target on shares of Halliburton from $41.00 to $37.00 and set a “strong-buy” rating on the stock in a research report on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $40.79.

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.