GSA Capital Partners LLP Takes $1.17 Million Position in Halliburton (NYSE:HAL)

GSA Capital Partners LLP acquired a new position in Halliburton (NYSE:HAL) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 40,258 shares of the oilfield services company’s stock, valued at approximately $1,169,000.

A number of other hedge funds have also bought and sold shares of the business. Entropy Technologies LP grew its stake in shares of Halliburton by 157.6% in the third quarter. Entropy Technologies LP now owns 124,983 shares of the oilfield services company’s stock worth $3,631,000 after acquiring an additional 76,458 shares during the period. Versor Investments LP bought a new stake in Halliburton in the 3rd quarter worth approximately $1,289,000. Buckingham Capital Management Inc. raised its stake in Halliburton by 26.3% during the 3rd quarter. Buckingham Capital Management Inc. now owns 52,322 shares of the oilfield services company’s stock valued at $1,520,000 after buying an additional 10,897 shares during the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of Halliburton by 34.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock valued at $47,000 after buying an additional 412 shares during the period. Finally, United Capital Management of KS Inc. boosted its stake in shares of Halliburton by 6.4% in the 3rd quarter. United Capital Management of KS Inc. now owns 131,592 shares of the oilfield services company’s stock worth $3,823,000 after buying an additional 7,953 shares during the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Halliburton Trading Down 0.2 %

HAL stock opened at $30.13 on Friday. The company has a market capitalization of $26.47 billion, a price-to-earnings ratio of 10.50, a PEG ratio of 3.70 and a beta of 1.89. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.21 and a quick ratio of 1.62. Halliburton has a 1-year low of $27.26 and a 1-year high of $41.56. The business has a 50 day simple moving average of $29.10 and a two-hundred day simple moving average of $32.31.

Halliburton (NYSE:HAL) last posted its earnings results on Thursday, November 7th. The oilfield services company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.02). The firm had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.83 billion. Halliburton had a return on equity of 28.33% and a net margin of 11.04%. Halliburton’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.79 earnings per share. Research analysts anticipate that Halliburton will post 3.02 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

HAL has been the subject of a number of research reports. Morgan Stanley reduced their price objective on Halliburton from $45.00 to $35.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. Royal Bank of Canada cut shares of Halliburton from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $44.00 to $37.00 in a research note on Friday, September 13th. BMO Capital Markets cut their target price on shares of Halliburton from $40.00 to $38.00 and set a “market perform” rating for the company in a research report on Thursday, October 10th. The Goldman Sachs Group reduced their target price on shares of Halliburton from $47.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Finally, Barclays dropped their price target on shares of Halliburton from $47.00 to $43.00 and set an “overweight” rating on the stock in a research note on Friday, November 8th. Four 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $40.79.

Halliburton 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.