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

Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Halliburton (NYSE:HAL) by 1.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 92,762 shares of the oilfield services company’s stock after acquiring an additional 1,088 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Halliburton were worth $3,353,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nordea Investment Management AB grew its holdings in Halliburton by 271.0% during the 4th quarter. Nordea Investment Management AB now owns 768,057 shares of the oilfield services company’s stock worth $27,781,000 after acquiring an additional 561,020 shares in the last quarter. Cerity Partners LLC grew its holdings in Halliburton by 69.5% during the 4th quarter. Cerity Partners LLC now owns 206,692 shares of the oilfield services company’s stock worth $7,472,000 after acquiring an additional 84,771 shares in the last quarter. KLCM Advisors Inc. grew its holdings in Halliburton by 6.9% during the 4th quarter. KLCM Advisors Inc. now owns 490,230 shares of the oilfield services company’s stock worth $17,722,000 after acquiring an additional 31,534 shares in the last quarter. Vontobel Holding Ltd. grew its holdings in Halliburton by 65.4% during the 4th quarter. Vontobel Holding Ltd. now owns 57,920 shares of the oilfield services company’s stock worth $2,094,000 after acquiring an additional 22,906 shares in the last quarter. Finally, CX Institutional acquired a new position in shares of Halliburton in the 3rd quarter valued at $344,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Halliburton Stock Down 0.4 %

Shares of Halliburton stock opened at $38.58 on Wednesday. The company has a market cap of $34.20 billion, a P/E ratio of 13.17, a PEG ratio of 0.99 and a beta of 2.00. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.48 and a current ratio of 2.06. Halliburton has a one year low of $27.84 and a one year high of $43.85. The firm has a fifty day moving average of $37.66 and a two-hundred day moving average of $37.39.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Tuesday, January 23rd. The oilfield services company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.06. The company had revenue of $5.74 billion during the quarter, compared to the consensus estimate of $5.78 billion. Halliburton had a net margin of 11.46% and a return on equity of 31.59%. Halliburton’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.72 EPS. On average, analysts forecast that Halliburton will post 3.42 earnings per share for the current year.

Insiders Place Their Bets

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

Analyst Ratings Changes

Several brokerages have recently issued reports on HAL. StockNews.com upgraded shares of Halliburton from a “hold” rating to a “buy” rating in a report on Monday. Royal Bank of Canada restated an “outperform” rating and issued a $45.00 target price on shares of Halliburton in a report on Wednesday, January 24th. UBS Group upped their target price on shares of Halliburton from $46.00 to $51.00 and gave the company a “buy” rating in a report on Tuesday. Barclays lowered their target price on shares of Halliburton from $55.00 to $54.00 and set an “overweight” rating for the company in a report on Wednesday, January 24th. Finally, TD Cowen upped their target price on shares of Halliburton from $49.00 to $51.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $49.00.

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.