ING Groep NV Decreases Stock Holdings in Halliburton (NYSE:HAL)

ING Groep NV lessened its holdings in Halliburton (NYSE:HAL) by 0.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 118,070 shares of the oilfield services company’s stock after selling 1,058 shares during the period. ING Groep NV’s holdings in Halliburton were worth $3,430,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in HAL. KBC Group NV increased its holdings in Halliburton by 43.0% in the 3rd quarter. KBC Group NV now owns 79,190 shares of the oilfield services company’s stock valued at $2,300,000 after purchasing an additional 23,805 shares in the last quarter. Huntington National Bank grew its stake in shares of Halliburton by 2.5% in the third quarter. Huntington National Bank now owns 32,280 shares of the oilfield services company’s stock valued at $938,000 after buying an additional 792 shares in the last quarter. Oppenheimer & Co. Inc. raised its holdings in shares of Halliburton by 8.6% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 132,356 shares of the oilfield services company’s stock valued at $3,845,000 after buying an additional 10,503 shares during the period. Simmons Bank raised its holdings in shares of Halliburton by 4.2% during the 3rd quarter. Simmons Bank now owns 60,978 shares of the oilfield services company’s stock valued at $1,771,000 after buying an additional 2,438 shares during the period. Finally, Live Oak Investment Partners boosted its holdings in Halliburton by 9.9% in the 3rd quarter. Live Oak Investment Partners now owns 25,925 shares of the oilfield services company’s stock worth $753,000 after acquiring an additional 2,332 shares during the period. Institutional investors and hedge funds own 85.23% of the company’s stock.

Halliburton Trading Down 1.4 %

NYSE HAL opened at $29.69 on Friday. The firm has a market capitalization of $26.08 billion, a PE ratio of 10.34, a price-to-earnings-growth ratio of 3.70 and a beta of 1.89. Halliburton has a one year low of $27.26 and a one year high of $41.56. The company has a 50-day simple moving average of $29.14 and a 200-day simple moving average of $32.23. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.62 and a current ratio of 2.21.

Halliburton (NYSE:HAL) last posted its earnings results on Thursday, November 7th. The oilfield services company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.02). The company 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 firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period last year, the company posted $0.79 earnings per share. On average, equities analysts forecast that Halliburton will post 3.02 earnings per share for the current year.

Wall Street Analyst Weigh In

HAL has been the topic of a number of analyst reports. Raymond James dropped their price objective on shares of Halliburton from $41.00 to $37.00 and set a “strong-buy” rating on the stock in a research note on Friday, November 8th. Morgan Stanley cut their price objective on shares of Halliburton from $45.00 to $35.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. JPMorgan Chase & Co. decreased their price objective on shares of Halliburton from $45.00 to $40.00 and set an “overweight” rating for the company in a research report on Monday, July 22nd. Benchmark reaffirmed a “buy” rating and set a $40.00 target price on shares of Halliburton in a research report on Friday, November 8th. Finally, Barclays reduced their price target on Halliburton from $47.00 to $43.00 and set an “overweight” rating for the company in a report on Friday, November 8th. Four investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $40.79.

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.