NuWave Investment Management LLC increased its stake in Halliburton (NYSE:HAL) by 123,316.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,810 shares of the oilfield services company’s stock after acquiring an additional 14,798 shares during the quarter. NuWave Investment Management LLC’s holdings in Halliburton were worth $393,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Fruth Investment Management boosted its holdings in shares of Halliburton by 4.9% in the fourth quarter. Fruth Investment Management now owns 9,161 shares of the oilfield services company’s stock valued at $243,000 after buying an additional 428 shares during the period. Moody National Bank Trust Division raised its position in shares of Halliburton by 0.6% in the 4th quarter. Moody National Bank Trust Division now owns 129,384 shares of the oilfield services company’s stock worth $3,439,000 after purchasing an additional 772 shares during the last quarter. CX Institutional purchased a new position in Halliburton during the fourth quarter worth approximately $30,000. IMS Capital Management bought a new position in shares of Halliburton in the third quarter valued at $46,000. Finally, Legacy Financial Advisors Inc. raised its stake in Halliburton by 113.8% in the 4th quarter. Legacy Financial Advisors Inc. now owns 2,238 shares of the oilfield services company’s stock worth $59,000 after purchasing an additional 1,191 shares in the last quarter. Institutional investors and hedge funds own 78.00% of the company’s stock.
Several equities research analysts recently weighed in on the stock. Zacks Investment Research reiterated a “hold” rating on shares of Halliburton in a research note on Monday, December 31st. UBS Group set a $40.00 target price on Halliburton and gave the company a “buy” rating in a research report on Wednesday, January 23rd. Societe Generale set a $42.00 price target on shares of Halliburton and gave the company a “hold” rating in a research report on Monday, October 22nd. Stifel Nicolaus set a $36.00 target price on Halliburton and gave the company a “buy” rating in a research note on Tuesday, January 22nd. Finally, BMO Capital Markets dropped their price target on shares of Halliburton from $54.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, October 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-two have given a buy rating to the stock. Halliburton presently has an average rating of “Buy” and a consensus target price of $45.65.
NYSE:HAL opened at $31.40 on Thursday. The stock has a market capitalization of $26.46 billion, a PE ratio of 16.53, a price-to-earnings-growth ratio of 1.83 and a beta of 1.27. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.30 and a quick ratio of 1.68. Halliburton has a one year low of $24.70 and a one year high of $54.91.
Halliburton (NYSE:HAL) last announced its quarterly earnings results on Tuesday, January 22nd. The oilfield services company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.04. The company had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.87 billion. Halliburton had a net margin of 6.90% and a return on equity of 18.57%. Halliburton’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.53 EPS. Research analysts forecast that Halliburton will post 1.4 earnings per share for the current year.
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Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.
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