A number of institutional investors have recently bought and sold shares of the business. YorkBridge Wealth Partners LLC grew its stake in Halliburton by 243.3% during the 3rd quarter. Krilogy Financial LLC now owns 4,588 shares of the oilfield services company's stock worth $196,000 after buying an additional 1,212 shares during the last quarter. Estabrook Capital Management raised its position in Halliburton by 82.8% in the 2nd quarter.
The two oilfield services leaders touted growing revenues and improving profit margins, even though they both posted net quarterly losses because of one-time charges related to the new USA tax law and declining business in economically and politically tumultuous Venezuela. Neville Rodie & Shaw Inc. acquired a new position in Halliburton during the 3rd quarter worth $202,000. Bronfman E.L. Rothschild L.P. raised its position in Halliburton by 4.1% in the 2nd quarter. The stock has "Outperform" rating by RBC Capital Markets on Thursday, January 28.
A number of research analysts have issued reports on the company.
IBD'S TAKE: Buying or holding a stock can be risky heading into an earnings report. Citigroup decreased their target price on shares of Halliburton from $54.00 to $52.00 and set a "buy" rating on the stock in a research note on Wednesday, October 25th. Macquarie Research maintained it with "Neutral" rating and $39 target in Wednesday, September 9 report. The stock now has a consensus rating of "Buy" and a consensus target price of $56.53. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. The stock of Incyte Corporation (NASDAQ:INCY) earned "Buy" rating by Vetr on Tuesday, August 18.
Halliburton Company (HAL) traded up $3.39 on Monday, hitting $56.40. The stock had a trading volume of 17,330,000 shares, compared to its average volume of 8,310,000. The firm has a market capitalization of $49,210.00, a price-to-earnings ratio of 235.00, a price-to-earnings-growth ratio of 2.94 and a beta of 1.03. Halliburton Company (NYSE:HAL) has risen 19.03% since January 22, 2017 and is uptrending.
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Halliburton Company's Average Earnings Estimate for the current quarter is $0.46, according to consensus of 27 analysts.
Halliburton's fourth quarter revenues surged by nearly 50 percent to $5.9 billion from $4 billion in in 2016 as US shale production booms.
Swiss National Bank increased its stake in Halliburton Co (HAL) by 1% based on its latest 2017Q3 regulatory filing with the SEC. The company's revenue was up 47.7% on a year-over-year basis. The Arosa Capital Management Lp holds 977,144 shares with $44.98 million value, down from 1.80 million last quarter. Piper Jaffray maintained the shares of HAL in report on Thursday, December 14 with "Buy" rating. The ex-dividend date of this dividend was Wednesday, December 6th. This represents a $0.72 annualized dividend and a dividend yield of 1.28%. Halliburton's dividend payout ratio is presently 300.00%.
The company's ATR (Average True Range) is 1.12.
When it comes to the Analysis of a Stock, Price Target plays a vital role. The Echo Street Capital Management Llc holds 279,634 shares with $14.51 million value, up from 115,367 last quarter. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
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Halliburton's stock closed at $53.01 on Friday, up about 1.2% for the day.
The company P/E (price to earnings) ratio is 219.96 and Forward P/E ratio is 24.44. Allsquare Wealth Mngmt Ltd Company owns 200 shares. The disclosure for this sale can be found here. Panagora Asset Mngmt stated it has 0.1% of its portfolio in Halliburton Company (NYSE:HAL).
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Halliburton's optimistic view for its USA and global operations comes as rising crude prices spur demand for oilfield services.
While prices for USA crude remain nearer to $65 than $60, services firms like Halliburton are set up to provide more well completions, pressure pumping services and even increased drilling.
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Other hedge funds have also recently added to or reduced their stakes in the company.