Keybank National Association OH cut its stake in shares of Halliburton Company (NYSE:HAL) by 12.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 423,887 shares of the oilfield services company’s stock after selling 62,308 shares during the quarter. Keybank National Association OH’s holdings in Halliburton were worth $20,715,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. National Asset Management Inc. grew its stake in Halliburton by 7.9% in the 2nd quarter. National Asset Management Inc. now owns 5,271 shares of the oilfield services company’s stock valued at $227,000 after acquiring an additional 385 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in Halliburton in the 2nd quarter valued at about $242,000. Cetera Investment Advisers acquired a new stake in Halliburton in the 2nd quarter valued at about $435,000. Neville Rodie & Shaw Inc. acquired a new stake in Halliburton in the 3rd quarter valued at about $202,000. Finally, Osborn Williams & Donohoe LLC acquired a new stake in Halliburton in the 3rd quarter valued at about $212,000. 80.57% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts recently commented on HAL shares. Piper Jaffray Companies set a $53.00 price objective on shares of Halliburton and gave the company a “buy” rating in a research note on Monday, October 30th. FBR & Co lowered their price objective on shares of Halliburton from $61.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday, October 24th. Atlantic Securities raised shares of Halliburton from an “underweight” rating to a “neutral” rating in a research note on Monday, January 29th. Credit Suisse Group reissued an “outperform” rating and issued a $65.00 price objective (up from $55.00) on shares of Halliburton in a research note on Tuesday, January 23rd. Finally, Zacks Investment Research raised shares of Halliburton from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a research note on Tuesday, December 26th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. Halliburton currently has an average rating of “Buy” and a consensus price target of $59.73.
Halliburton (NYSE:HAL) last released its quarterly earnings results on Monday, January 22nd. The oilfield services company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.07. Halliburton had a negative net margin of 2.25% and a positive return on equity of 11.95%. The business had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.63 billion. During the same quarter last year, the company earned $0.04 earnings per share. The business’s quarterly revenue was up 47.7% compared to the same quarter last year. research analysts expect that Halliburton Company will post 2.62 EPS for the current fiscal year.
In other Halliburton news, insider Timothy Mckeon sold 1,609 shares of Halliburton stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $48.99, for a total value of $78,824.91. Following the completion of the transaction, the insider now owns 18,612 shares of the company’s stock, valued at $911,801.88. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Robb L. Voyles sold 39,287 shares of Halliburton stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $55.00, for a total transaction of $2,160,785.00. The disclosure for this sale can be found here. Insiders have sold 164,507 shares of company stock valued at $8,380,429 in the last three months. Corporate insiders own 0.46% of the company’s stock.
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Halliburton Company Profile
Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.
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