Texas Yale Capital Corp. Raises Stock Position in Halliburton (NYSE:HAL)

Texas Yale Capital Corp. raised its stake in shares of Halliburton (NYSE:HAL) by 12.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,920 shares of the oilfield services company’s stock after purchasing an additional 4,080 shares during the quarter. Texas Yale Capital Corp.’s holdings in Halliburton were worth $817,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Sanders Capital LLC boosted its holdings in shares of Halliburton by 3.3% during the 2nd quarter. Sanders Capital LLC now owns 23,928,402 shares of the oilfield services company’s stock valued at $600,813,000 after buying an additional 773,300 shares in the last quarter. Pzena Investment Management LLC boosted its holdings in shares of Halliburton by 95.4% during the 1st quarter. Pzena Investment Management LLC now owns 12,427,763 shares of the oilfield services company’s stock valued at $364,133,000 after buying an additional 6,067,846 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Halliburton by 1.6% during the 1st quarter. Northern Trust Corp now owns 10,447,500 shares of the oilfield services company’s stock valued at $306,111,000 after buying an additional 165,021 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Halliburton by 7.4% during the 4th quarter. Geode Capital Management LLC now owns 9,955,241 shares of the oilfield services company’s stock valued at $264,077,000 after buying an additional 683,635 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Halliburton by 14.7% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,817,969 shares of the oilfield services company’s stock valued at $111,866,000 after buying an additional 489,352 shares in the last quarter. 77.35% of the stock is currently owned by institutional investors and hedge funds.

HAL has been the topic of a number of analyst reports. UBS Group set a $36.00 price target on shares of Halliburton and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. SunTrust Banks dropped their price target on shares of Halliburton to $39.00 and set an “average” rating on the stock in a research note on Tuesday, April 23rd. Seaport Global Securities set a $49.00 price target on shares of Halliburton and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. Credit Suisse Group dropped their price target on shares of Halliburton from $33.00 to $27.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 23rd. Finally, Piper Jaffray Companies set a $26.00 price target on shares of Halliburton and gave the stock a “buy” rating in a research note on Monday, July 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $39.78.

Halliburton stock traded down $0.65 during midday trading on Wednesday, hitting $19.30. The stock had a trading volume of 3,426,043 shares, compared to its average volume of 14,279,242. The stock has a fifty day moving average of $22.64. The stock has a market capitalization of $16.91 billion, a P/E ratio of 10.16, a PEG ratio of 2.48 and a beta of 1.30. Halliburton has a 52-week low of $19.50 and a 52-week high of $42.57. The company has a quick ratio of 1.59, a current ratio of 2.26 and a debt-to-equity ratio of 1.16.

Halliburton (NYSE:HAL) last released its earnings results on Monday, July 22nd. The oilfield services company reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.05. The company had revenue of $5.93 billion during the quarter, compared to analyst estimates of $5.97 billion. Halliburton had a net margin of 5.58% and a return on equity of 13.76%. The firm’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 EPS. On average, equities research analysts anticipate that Halliburton will post 1.33 EPS for the current year.

Halliburton 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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