Oppenheimer & Co. Inc. Acquires 10,503 Shares of Halliburton (NYSE:HAL)

Oppenheimer & Co. Inc. grew its holdings in Halliburton (NYSE:HAL) by 8.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 132,356 shares of the oilfield services company’s stock after purchasing an additional 10,503 shares during the period. Oppenheimer & Co. Inc.’s holdings in Halliburton were worth $3,845,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of HAL. First Horizon Advisors Inc. grew its position in Halliburton by 2.1% in the second quarter. First Horizon Advisors Inc. now owns 14,027 shares of the oilfield services company’s stock valued at $474,000 after acquiring an additional 295 shares during the last quarter. Beacon Capital Management LLC grew its holdings in shares of Halliburton by 28.8% during the 1st quarter. Beacon Capital Management LLC now owns 1,382 shares of the oilfield services company’s stock valued at $54,000 after purchasing an additional 309 shares during the last quarter. Guinness Atkinson Asset Management Inc increased its position in Halliburton by 3.1% during the 2nd quarter. Guinness Atkinson Asset Management Inc now owns 10,847 shares of the oilfield services company’s stock worth $366,000 after purchasing an additional 330 shares in the last quarter. Moody National Bank Trust Division lifted its stake in Halliburton by 2.9% in the 2nd quarter. Moody National Bank Trust Division now owns 11,842 shares of the oilfield services company’s stock valued at $400,000 after purchasing an additional 336 shares during the last quarter. Finally, Northwest Bank & Trust Co boosted its position in Halliburton by 3.2% in the third quarter. Northwest Bank & Trust Co now owns 12,979 shares of the oilfield services company’s stock valued at $377,000 after buying an additional 397 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

Halliburton Trading Down 1.4 %

NYSE HAL opened at $29.69 on Friday. Halliburton has a one year low of $27.26 and a one year high of $41.56. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.21 and a quick ratio of 1.62. The business has a 50 day simple moving average of $29.12 and a 200 day simple moving average of $32.30. The stock has a market capitalization of $26.08 billion, a P/E ratio of 10.34, a P/E/G ratio of 3.70 and a beta of 1.89.

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). Halliburton had a net margin of 11.04% and a return on equity of 28.33%. The company had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.83 billion. During the same quarter in the prior year, the firm earned $0.79 EPS. The business’s revenue was down 1.8% compared to the same quarter last year. Research analysts expect that Halliburton will post 3.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on HAL. BMO Capital Markets dropped their price target on Halliburton from $40.00 to $38.00 and set a “market perform” rating for the company in a research note on Thursday, October 10th. JPMorgan Chase & Co. dropped their target price on Halliburton from $45.00 to $40.00 and set an “overweight” rating for the company in a research report on Monday, July 22nd. Benchmark restated a “buy” rating and set a $40.00 price target on shares of Halliburton in a report on Friday, November 8th. Royal Bank of Canada downgraded shares of Halliburton from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from $44.00 to $37.00 in a research report on Friday, September 13th. Finally, Johnson Rice upgraded shares of Halliburton to a “moderate buy” rating in a research report on Friday, July 19th. Four research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Halliburton currently has an average rating of “Moderate Buy” and an average target price of $40.79.

Halliburton Company Profile

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.