Halliburton (NYSE:HAL) Stock Position Raised by KBC Group NV

KBC Group NV boosted its position in shares of Halliburton (NYSE:HAL) by 43.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 79,190 shares of the oilfield services company’s stock after buying an additional 23,805 shares during the quarter. KBC Group NV’s holdings in Halliburton were worth $2,300,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Cary Street Partners Asset Management LLC grew its stake in Halliburton by 56.5% during the 3rd quarter. Cary Street Partners Asset Management LLC now owns 157,085 shares of the oilfield services company’s stock valued at $4,563,000 after acquiring an additional 56,707 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in Halliburton by 146.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 842,355 shares of the oilfield services company’s stock valued at $28,455,000 after buying an additional 500,000 shares during the period. Mackenzie Financial Corp lifted its position in Halliburton by 105.2% in the 2nd quarter. Mackenzie Financial Corp now owns 186,961 shares of the oilfield services company’s stock worth $6,316,000 after buying an additional 95,864 shares in the last quarter. Semanteon Capital Management LP acquired a new stake in shares of Halliburton during the 3rd quarter valued at $1,181,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Halliburton by 319.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 36,956 shares of the oilfield services company’s stock valued at $1,385,000 after acquiring an additional 28,137 shares in the last quarter. 85.23% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on HAL shares. Barclays dropped their price objective on Halliburton from $47.00 to $43.00 and set an “overweight” rating on the stock in a report on Friday, November 8th. Susquehanna decreased their price objective 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. JPMorgan Chase & Co. reduced their price target on Halliburton from $45.00 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 objective on Halliburton from $40.00 to $38.00 and set a “market perform” rating on the stock in a report on Thursday, October 10th. Finally, Wells Fargo & Company reduced their target price on Halliburton from $46.00 to $39.00 and set an “overweight” rating for the company in a report on Wednesday, September 25th. Four 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $40.74.

Halliburton Stock Performance

NYSE HAL opened at $30.45 on Tuesday. Halliburton has a twelve month low of $27.26 and a twelve month high of $41.56. The company has a quick ratio of 1.62, a current ratio of 2.21 and a debt-to-equity ratio of 0.74. The stock has a market cap of $26.75 billion, a P/E ratio of 10.61, a PEG ratio of 3.64 and a beta of 1.89. The company’s 50-day simple moving average is $29.18 and its 200 day simple moving average is $32.12.

Halliburton (NYSE:HAL) last released 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 company had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.83 billion. Halliburton had a net margin of 11.04% and a return on equity of 28.33%. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.79 earnings per share. As a group, research analysts forecast that Halliburton will post 3.02 earnings per share for the current fiscal year.

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.