Traders Sell Halliburton (HAL) on Strength (HAL)

Investors sold shares of Halliburton (NYSE:HAL) on strength during trading hours on Friday. $56.43 million flowed into the stock on the tick-up and $94.75 million flowed out of the stock on the tick-down, for a money net flow of $38.32 million out of the stock. Of all equities tracked, Halliburton had the 0th highest net out-flow for the day. Halliburton traded up $0.40 for the day and closed at $35.14

Several research analysts have weighed in on the stock. Morgan Stanley assumed coverage on shares of Halliburton in a report on Tuesday, September 18th. They issued an “overweight” rating and a $50.00 price target on the stock. JPMorgan Chase & Co. set a $60.00 target price on shares of Halliburton and gave the stock a “buy” rating in a research report on Monday, September 17th. Credit Suisse Group set a $51.00 target price on shares of Halliburton and gave the stock a “buy” rating in a research report on Thursday, September 6th. Wells Fargo & Co restated a “buy” rating on shares of Halliburton in a research report on Friday, September 7th. Finally, Zacks Investment Research upgraded shares of Halliburton from a “strong sell” rating to a “hold” rating in a research report on Monday, September 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $51.60.

The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.72 and a current ratio of 2.31. The stock has a market capitalization of $30.92 billion, a PE ratio of 28.80, a P/E/G ratio of 0.95 and a beta of 1.01.



Halliburton (NYSE:HAL) last posted its quarterly earnings results on Monday, October 22nd. The oilfield services company reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.01. The business had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.10 billion. Halliburton had a net margin of 0.70% and a return on equity of 20.42%. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter last year, the business posted $0.42 EPS. Equities research analysts expect that Halliburton will post 1.86 earnings per share for the current year.

In other Halliburton news, insider James S. Brown sold 15,989 shares of the firm’s stock in a transaction that occurred on Thursday, September 20th. The shares were sold at an average price of $40.53, for a total value of $648,034.17. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.54% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Sanders Capital LLC raised its stake in shares of Halliburton by 5.3% during the second quarter. Sanders Capital LLC now owns 15,844,408 shares of the oilfield services company’s stock valued at $779,554,000 after acquiring an additional 799,300 shares during the last quarter. Macquarie Group Ltd. raised its stake in shares of Halliburton by 3.8% during the second quarter. Macquarie Group Ltd. now owns 14,579,725 shares of the oilfield services company’s stock valued at $656,962,000 after acquiring an additional 531,196 shares during the last quarter. Northern Trust Corp raised its stake in shares of Halliburton by 0.5% during the second quarter. Northern Trust Corp now owns 10,303,279 shares of the oilfield services company’s stock valued at $464,265,000 after acquiring an additional 53,426 shares during the last quarter. Morgan Stanley raised its stake in shares of Halliburton by 25.2% during the second quarter. Morgan Stanley now owns 6,879,339 shares of the oilfield services company’s stock valued at $309,984,000 after acquiring an additional 1,385,703 shares during the last quarter. Finally, Natixis raised its stake in shares of Halliburton by 79.6% during the second quarter. Natixis now owns 3,771,221 shares of the oilfield services company’s stock valued at $169,931,000 after acquiring an additional 1,671,817 shares during the last quarter. Hedge funds and other institutional investors own 78.98% of the company’s stock.

About Halliburton (NYSE:HAL)

Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.

Further Reading: Hedge Funds Explained

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