Halliburton Company (HAL) Shares Bought by American Assets Investment Management LLC
American Assets Investment Management LLC raised its stake in shares of Halliburton Company (NYSE:HAL) by 28.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,800 shares of the oilfield services company’s stock after buying an additional 14,440 shares during the quarter. American Assets Investment Management LLC’s holdings in Halliburton were worth $2,983,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently made changes to their positions in HAL. Sumitomo Mitsui Financial Group Inc. purchased a new stake in Halliburton during the 1st quarter valued at approximately $100,000. Perigon Wealth Management LLC grew its holdings in Halliburton by 0.8% during the 1st quarter. Perigon Wealth Management LLC now owns 2,049 shares of the oilfield services company’s stock valued at $101,000 after buying an additional 17 shares in the last quarter. Ledyard National Bank grew its holdings in Halliburton by 6.5% during the 2nd quarter. Ledyard National Bank now owns 2,469 shares of the oilfield services company’s stock valued at $106,000 after buying an additional 150 shares in the last quarter. Bbva Compass Bancshares Inc. grew its holdings in Halliburton by 5.0% during the 2nd quarter. Bbva Compass Bancshares Inc. now owns 2,701 shares of the oilfield services company’s stock valued at $115,000 after buying an additional 128 shares in the last quarter. Finally, Independent Portfolio Consultants Inc. grew its holdings in Halliburton by 87.6% during the 2nd quarter. Independent Portfolio Consultants Inc. now owns 2,711 shares of the oilfield services company’s stock valued at $116,000 after buying an additional 1,266 shares in the last quarter. 79.36% of the stock is owned by institutional investors and hedge funds.
Shares of Halliburton Company (NYSE:HAL) traded up 0.0035% during trading on Tuesday, hitting $42.9315. The stock had a trading volume of 2,750,393 shares. Halliburton Company has a 12 month low of $38.18 and a 12 month high of $58.78. The company’s 50 day moving average price is $43.71 and its 200 day moving average price is $43.53. The stock’s market cap is $37.42 billion.
Halliburton (NYSE:HAL) last posted its earnings results on Monday, October 23rd. The oilfield services company reported $0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.04. Halliburton had a return on equity of 6.93% and a net margin of 1.13%. The firm had revenue of $5.44 billion for the quarter, compared to analyst estimates of $5.35 billion. During the same quarter in the prior year, the company earned $0.01 EPS. Halliburton’s revenue was up 42.0% on a year-over-year basis. Equities research analysts expect that Halliburton Company will post $1.13 earnings per share for the current fiscal year.
HAL has been the subject of a number of recent research reports. ValuEngine lowered shares of Halliburton from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Loop Capital reissued a “buy” rating and issued a $57.00 target price (down from $62.00) on shares of Halliburton in a report on Tuesday, October 24th. Scotiabank reissued a “buy” rating and issued a $52.00 target price on shares of Halliburton in a report on Wednesday, October 25th. J P Morgan Chase & Co cut their target price on shares of Halliburton from $60.00 to $55.00 and set an “overweight” rating for the company in a report on Tuesday, September 12th. Finally, Zacks Investment Research lowered shares of Halliburton from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. Halliburton presently has an average rating of “Buy” and a consensus price target of $57.55.
In related news, EVP Lawrence J. Pope sold 43,000 shares of the stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $39.66, for a total transaction of $1,705,380.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.47% of the stock is currently owned by corporate insiders.
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Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.
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