Hedeker Wealth LLC Decreases Position in Halliburton (NYSE:HAL)

Hedeker Wealth LLC trimmed its position in shares of Halliburton (NYSE:HAL) by 2.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 30,994 shares of the oilfield services company’s stock after selling 797 shares during the quarter. Hedeker Wealth LLC’s holdings in Halliburton were worth $704,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Perella Weinberg Partners Capital Management LP boosted its position in Halliburton by 6.6% during the first quarter. Perella Weinberg Partners Capital Management LP now owns 374,824 shares of the oilfield services company’s stock worth $10,982,000 after purchasing an additional 23,214 shares in the last quarter. Swiss National Bank boosted its position in Halliburton by 2.2% during the first quarter. Swiss National Bank now owns 2,924,297 shares of the oilfield services company’s stock worth $85,682,000 after purchasing an additional 63,800 shares in the last quarter. Steinberg Global Asset Management purchased a new stake in Halliburton during the first quarter worth $1,397,000. Lockheed Martin Investment Management Co. purchased a new stake in Halliburton during the first quarter worth $2,150,000. Finally, Wealthfront Advisers LLC boosted its position in Halliburton by 131.1% during the first quarter. Wealthfront Advisers LLC now owns 42,361 shares of the oilfield services company’s stock worth $1,241,000 after purchasing an additional 24,032 shares in the last quarter. Institutional investors own 77.35% of the company’s stock.

HAL has been the topic of a number of research analyst reports. Bank of America reiterated a “buy” rating and set a $32.00 target price (down from $42.00) on shares of Halliburton in a research report on Tuesday, June 25th. ValuEngine downgraded Halliburton from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 1st. AltaCorp Capital restated a “sector perform” rating on shares of Halliburton in a research report on Thursday, June 20th. Barclays reduced their price objective on Halliburton from $33.00 to $31.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 23rd. Finally, Credit Suisse Group reduced their price objective on Halliburton from $33.00 to $27.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $39.78.

Shares of NYSE:HAL opened at $19.95 on Wednesday. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.26 and a quick ratio of 1.59. Halliburton has a 52-week low of $19.50 and a 52-week high of $42.57. The firm has a fifty day moving average of $22.64. The stock has a market capitalization of $18.39 billion, a P/E ratio of 10.50, a P/E/G ratio of 2.48 and a beta of 1.30.

Halliburton (NYSE:HAL) last released its earnings results on Monday, July 22nd. The oilfield services company reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.05. The firm had revenue of $5.93 billion during the quarter, compared to analyst estimates of $5.97 billion. Halliburton had a return on equity of 13.76% and a net margin of 5.58%. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.58 earnings per share. Sell-side analysts forecast that Halliburton will post 1.33 EPS for the current year.

Halliburton Company Profile

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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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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