Halliburton (NYSE:HAL) Shares Sold by Metis Global Partners LLC

Metis Global Partners LLC decreased its position in Halliburton (NYSE:HAL) by 1.5% in the 3rd quarter, Holdings Channel reports. The fund owned 48,508 shares of the oilfield services company’s stock after selling 725 shares during the period. Metis Global Partners LLC’s holdings in Halliburton were worth $1,409,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Capital World Investors boosted its stake in shares of Halliburton by 0.3% in the first quarter. Capital World Investors now owns 121,928,734 shares of the oilfield services company’s stock valued at $4,806,431,000 after purchasing an additional 377,500 shares during the period. Vanguard Group Inc. boosted its position in Halliburton by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 100,274,105 shares of the oilfield services company’s stock valued at $3,952,805,000 after buying an additional 2,618,740 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Halliburton by 46.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 61,090,055 shares of the oilfield services company’s stock valued at $2,408,171,000 after buying an additional 19,237,784 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of Halliburton by 17,317.6% during the second quarter. Pacer Advisors Inc. now owns 13,631,188 shares of the oilfield services company’s stock valued at $460,462,000 after acquiring an additional 13,552,927 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Halliburton by 20.0% during the second quarter. Dimensional Fund Advisors LP now owns 10,087,115 shares of the oilfield services company’s stock worth $340,752,000 after acquiring an additional 1,681,620 shares during the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on HAL. BMO Capital Markets lowered their price objective 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. Bank of America decreased their price target on shares of Halliburton from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Stifel Nicolaus reduced their price objective on shares of Halliburton from $45.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. Jefferies Financial Group dropped their target price on shares of Halliburton from $47.00 to $46.00 and set a “buy” rating for the company in a research report on Tuesday, September 24th. Finally, Evercore ISI reduced their price target on shares of Halliburton from $52.00 to $48.00 and set an “outperform” rating on the stock in a research report on Monday, July 22nd. Four equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $40.79.

Halliburton Stock Down 1.4 %

HAL stock opened at $29.69 on Friday. The company has a quick ratio of 1.62, a current ratio of 2.21 and a debt-to-equity ratio of 0.74. The firm’s 50-day simple moving average is $29.14 and its 200 day simple moving average is $32.23. The stock has a market cap of $26.08 billion, a PE ratio of 10.34, a price-to-earnings-growth ratio of 3.70 and a beta of 1.89. Halliburton has a fifty-two week low of $27.26 and a fifty-two week high of $41.56.

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

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.