Sumitomo Mitsui Trust Group Inc. raised its stake in Halliburton (NYSE:HAL – Free Report) by 0.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,176,683 shares of the oilfield services company’s stock after acquiring an additional 3,675 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.25% of Halliburton worth $63,233,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Cary Street Partners Asset Management LLC increased its holdings in shares of Halliburton by 56.5% during the third quarter. Cary Street Partners Asset Management LLC now owns 157,085 shares of the oilfield services company’s stock worth $4,563,000 after buying an additional 56,707 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in shares of Halliburton by 146.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 842,355 shares of the oilfield services company’s stock valued at $28,455,000 after purchasing an additional 500,000 shares in the last quarter. Mackenzie Financial Corp increased its stake in Halliburton by 105.2% in the second quarter. Mackenzie Financial Corp now owns 186,961 shares of the oilfield services company’s stock valued at $6,316,000 after purchasing an additional 95,864 shares in the last quarter. Semanteon Capital Management LP bought a new stake in Halliburton in the 3rd quarter valued at about $1,181,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Halliburton by 319.0% during the first quarter. EverSource Wealth Advisors LLC now owns 36,956 shares of the oilfield services company’s stock worth $1,385,000 after purchasing an additional 28,137 shares during the period. Institutional investors and hedge funds own 85.23% of the company’s stock.
Halliburton Trading Down 0.2 %
NYSE:HAL opened at $30.13 on Friday. The company has a 50 day simple moving average of $29.10 and a two-hundred day simple moving average of $32.31. The company has a market cap of $26.47 billion, a PE ratio of 10.50, a price-to-earnings-growth ratio of 3.70 and a beta of 1.89. The company has a current ratio of 2.21, a quick ratio of 1.62 and a debt-to-equity ratio of 0.74. Halliburton has a 12 month low of $27.26 and a 12 month high of $41.56.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on the stock. BMO Capital Markets cut their price target on shares of Halliburton from $40.00 to $38.00 and set a “market perform” rating on the stock in a report on Thursday, October 10th. Piper Sandler lowered their price objective on Halliburton from $46.00 to $40.00 and set an “overweight” rating on the stock in a research note on Monday, July 22nd. Wells Fargo & Company cut their target price on Halliburton from $46.00 to $39.00 and set an “overweight” rating for the company in a research note on Wednesday, September 25th. Dbs Bank initiated coverage on shares of Halliburton in a report on Wednesday, September 18th. They issued a “buy” rating and a $45.00 price target on the stock. Finally, Bank of America lowered their target price on shares of Halliburton from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Four analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $40.79.
View Our Latest Analysis on Halliburton
Halliburton 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.
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