Profund Advisors LLC Boosts Holdings in Halliburton (NYSE:HAL)

Profund Advisors LLC lifted its holdings in shares of Halliburton (NYSE:HALGet Rating) by 4.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 70,319 shares of the oilfield services company’s stock after acquiring an additional 3,025 shares during the period. Profund Advisors LLC’s holdings in Halliburton were worth $1,608,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Strs Ohio raised its position in Halliburton by 380.6% in the 4th quarter. Strs Ohio now owns 1,640,558 shares of the oilfield services company’s stock valued at $37,519,000 after purchasing an additional 1,299,202 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Halliburton by 984.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,405,566 shares of the oilfield services company’s stock worth $32,145,000 after buying an additional 1,275,901 shares during the period. M&G Investment Management Ltd. lifted its stake in shares of Halliburton by 450.0% in the third quarter. M&G Investment Management Ltd. now owns 971,209 shares of the oilfield services company’s stock worth $21,367,000 after acquiring an additional 794,641 shares in the last quarter. Pzena Investment Management LLC raised its stake in Halliburton by 1.4% during the third quarter. Pzena Investment Management LLC now owns 39,013,261 shares of the oilfield services company’s stock valued at $843,467,000 after buying an additional 546,241 shares in the last quarter. Finally, Contrarius Investment Management Ltd bought a new position in Halliburton in the 3rd quarter worth approximately $11,515,000. 75.98% of the stock is owned by institutional investors.

Shares of HAL traded down $0.43 during mid-day trading on Tuesday, hitting $34.90. 147,825 shares of the company traded hands, compared to its average volume of 13,740,942. Halliburton has a 1-year low of $17.82 and a 1-year high of $42.60. The company has a quick ratio of 1.76, a current ratio of 2.19 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $31.43 billion, a PE ratio of 20.42 and a beta of 2.42. The business has a 50 day moving average of $36.52 and a 200 day moving average of $29.51.

Halliburton (NYSE:HALGet Rating) last issued its quarterly earnings results on Tuesday, April 19th. The oilfield services company reported $0.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.01. Halliburton had a net margin of 9.61% and a return on equity of 17.83%. The company had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.20 billion. During the same quarter in the prior year, the company earned $0.19 EPS. Halliburton’s quarterly revenue was up 24.1% on a year-over-year basis. As a group, research analysts expect that Halliburton will post 1.9 EPS for the current fiscal year.

Several research firms have commented on HAL. Morgan Stanley increased their target price on shares of Halliburton from $32.00 to $45.00 and gave the stock an “overweight” rating in a research report on Monday, April 11th. Cowen boosted their price objective on shares of Halliburton from $33.00 to $35.00 and gave the company an “outperform” rating in a research report on Tuesday, January 25th. Susquehanna Bancshares upped their price target on shares of Halliburton from $45.00 to $48.00 in a research note on Wednesday, April 20th. Citigroup lifted their price objective on shares of Halliburton from $44.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, April 20th. Finally, Wells Fargo & Company lifted their price target on shares of Halliburton from $30.00 to $40.00 and gave the stock an “equal weight” rating in a report on Thursday, March 31st. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $36.06.

In related news, CAO Charles Jr. Geer sold 3,500 shares of the firm’s stock in a transaction dated Monday, March 7th. The stock was sold at an average price of $35.00, for a total transaction of $122,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Timothy Mckeon sold 4,900 shares of Halliburton stock in a transaction dated Thursday, April 14th. The shares were sold at an average price of $41.00, for a total value of $200,900.00. Following the completion of the transaction, the vice president now directly owns 43,782 shares of the company’s stock, valued at $1,795,062. The disclosure for this sale can be found here. Insiders sold a total of 286,790 shares of company stock worth $11,033,166 in the last 90 days. 0.48% of the stock is currently owned by insiders.

Halliburton Company Profile (Get Rating)

Halliburton Company provides products and services to the energy industry worldwide. It operates in 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; 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; production solutions comprising coiled tubing, hydraulic workover units, downhole tools, and pumping and nitrogen services; and pipeline and process services, such as pre-commissioning, commissioning, maintenance, and decommissioning.

Further Reading

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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