Halliburton (NYSE:HAL) Shares Acquired by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Halliburton (NYSE:HAL) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,762 shares of the oilfield services company’s stock after buying an additional 1,088 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Halliburton were worth $3,353,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Northern Trust Corp boosted its holdings in Halliburton by 3.0% in the third quarter. Northern Trust Corp now owns 9,202,160 shares of the oilfield services company’s stock worth $372,687,000 after purchasing an additional 265,680 shares during the period. Bank of New York Mellon Corp boosted its holdings in Halliburton by 5.3% in the third quarter. Bank of New York Mellon Corp now owns 8,871,178 shares of the oilfield services company’s stock worth $359,283,000 after purchasing an additional 448,548 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Halliburton by 0.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,291,276 shares of the oilfield services company’s stock worth $214,297,000 after purchasing an additional 44,188 shares during the period. Raymond James & Associates boosted its holdings in Halliburton by 0.6% in the third quarter. Raymond James & Associates now owns 3,841,843 shares of the oilfield services company’s stock worth $155,595,000 after purchasing an additional 23,394 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Halliburton by 1.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,342,520 shares of the oilfield services company’s stock worth $135,372,000 after purchasing an additional 44,901 shares during the period. Institutional investors and hedge funds own 85.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on HAL shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $45.00 price objective on shares of Halliburton in a report on Wednesday, January 24th. StockNews.com upgraded Halliburton from a “hold” rating to a “buy” rating in a research note on Monday. Susquehanna reiterated a “positive” rating and issued a $49.00 target price on shares of Halliburton in a research note on Monday, April 8th. UBS Group raised their target price on Halliburton from $46.00 to $51.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Barclays cut their target price on Halliburton from $55.00 to $54.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 24th. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $49.00.

Insiders Place Their Bets

In other Halliburton news, CEO Jeffrey Allen Miller sold 377,000 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $35.30, for a total value of $13,308,100.00. Following the sale, the chief executive officer now directly owns 759,015 shares in the company, valued at $26,793,229.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Halliburton news, Director Margaret Katherine Banks sold 5,000 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $35.30, for a total value of $176,500.00. Following the sale, the director now directly owns 9,625 shares in the company, valued at $339,762.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jeffrey Allen Miller sold 377,000 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $35.30, for a total transaction of $13,308,100.00. Following the completion of the sale, the chief executive officer now owns 759,015 shares in the company, valued at $26,793,229.50. The disclosure for this sale can be found here. 0.61% of the stock is owned by company insiders.

Halliburton Price Performance

Shares of NYSE HAL opened at $38.58 on Wednesday. Halliburton has a fifty-two week low of $27.84 and a fifty-two week high of $43.85. The firm’s 50-day simple moving average is $37.66 and its 200 day simple moving average is $37.39. The company has a quick ratio of 1.48, a current ratio of 2.06 and a debt-to-equity ratio of 0.81. The stock has a market cap of $34.20 billion, a P/E ratio of 13.17, a P/E/G ratio of 0.99 and a beta of 2.00.

Halliburton (NYSE:HAL) last issued its quarterly earnings results on Tuesday, January 23rd. The oilfield services company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.80 by $0.06. Halliburton had a net margin of 11.46% and a return on equity of 31.59%. The firm had revenue of $5.74 billion for the quarter, compared to analysts’ expectations of $5.78 billion. During the same period in the previous year, the business earned $0.72 earnings per share. Halliburton’s revenue for the quarter was up 2.8% compared to the same quarter last year. Equities analysts expect that Halliburton will post 3.42 EPS for the current 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.