AM Squared Ltd Has $224,000 Stake in Halliburton (NYSE:HAL)

AM Squared Ltd increased its position in Halliburton (NYSE:HAL) by 14.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,700 shares of the oilfield services company’s stock after purchasing an additional 1,000 shares during the period. Halliburton makes up 0.5% of AM Squared Ltd’s investment portfolio, making the stock its 16th largest holding. AM Squared Ltd’s holdings in Halliburton were worth $224,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of HAL. Price T Rowe Associates Inc. MD lifted its holdings in shares of Halliburton by 46.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 61,090,055 shares of the oilfield services company’s stock worth $2,408,171,000 after purchasing an additional 19,237,784 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Halliburton by 17,317.6% in the 2nd quarter. Pacer Advisors Inc. now owns 13,631,188 shares of the oilfield services company’s stock worth $460,462,000 after purchasing an additional 13,552,927 shares in the last quarter. LSV Asset Management lifted its holdings in shares of Halliburton by 24,954.1% in the 2nd quarter. LSV Asset Management now owns 2,730,900 shares of the oilfield services company’s stock worth $92,250,000 after purchasing an additional 2,720,000 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Halliburton by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 100,274,105 shares of the oilfield services company’s stock worth $3,952,805,000 after purchasing an additional 2,618,740 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Halliburton by 20.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 10,087,115 shares of the oilfield services company’s stock worth $340,752,000 after purchasing an additional 1,681,620 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on HAL. Benchmark reissued a “buy” rating and issued a $40.00 price target on shares of Halliburton in a research report on Friday, November 8th. Jefferies Financial Group lowered their price target on Halliburton from $47.00 to $46.00 and set a “buy” rating for the company in a research report on Tuesday, September 24th. Dbs Bank began coverage on Halliburton in a research report on Wednesday, September 18th. They issued a “buy” rating and a $45.00 price target for the company. Bank of America lowered their price target on Halliburton from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Finally, Raymond James decreased their target price on Halliburton from $41.00 to $37.00 and set a “strong-buy” rating for the company in a research report on Friday, November 8th. Four investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $40.79.

Halliburton Stock Down 1.4 %

Shares of NYSE HAL opened at $29.69 on Friday. The company has a market cap of $26.08 billion, a P/E ratio of 10.34, a P/E/G ratio of 3.64 and a beta of 1.89. The company has a quick ratio of 1.62, a current ratio of 2.21 and a debt-to-equity ratio of 0.74. The business has a 50-day simple moving average of $29.14 and a two-hundred day simple moving average of $32.20. Halliburton has a 52 week low of $27.26 and a 52 week high of $41.56.

Halliburton (NYSE:HAL) last issued its quarterly earnings results on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.02). The business had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.83 billion. Halliburton had a net margin of 11.04% and a return on equity of 28.33%. The business’s revenue was down 1.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.79 EPS. Research analysts anticipate that Halliburton will post 3.02 earnings per share for the current fiscal year.

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.