Boston Partners Buys 391,130 Shares of Halliburton Company $HAL

Boston Partners boosted its stake in Halliburton Company (NYSE:HAL) by 23.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,042,736 shares of the oilfield services company’s stock after purchasing an additional 391,130 shares during the quarter. Boston Partners owned about 0.24% of Halliburton worth $41,656,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of HAL. Stone House Investment Management LLC acquired a new position in shares of Halliburton in the 1st quarter valued at approximately $30,000. Zions Bancorporation National Association UT acquired a new position in Halliburton during the first quarter valued at approximately $37,000. CVA Family Office LLC lifted its stake in Halliburton by 94.8% during the second quarter. CVA Family Office LLC now owns 1,882 shares of the oilfield services company’s stock worth $38,000 after purchasing an additional 916 shares during the last quarter. Bartlett & CO. Wealth Management LLC boosted its holdings in shares of Halliburton by 109.5% in the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 1,900 shares of the oilfield services company’s stock valued at $39,000 after purchasing an additional 993 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its stake in shares of Halliburton by 252.3% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,994 shares of the oilfield services company’s stock valued at $41,000 after purchasing an additional 1,428 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Halliburton Stock Down 4.2%

Shares of HAL opened at $26.90 on Thursday. The stock’s 50-day moving average price is $24.44 and its two-hundred day moving average price is $22.38. Halliburton Company has a 12 month low of $18.72 and a 12 month high of $32.57. The company has a market capitalization of $22.64 billion, a PE ratio of 17.81 and a beta of 1.03. The company has a current ratio of 1.95, a quick ratio of 1.43 and a debt-to-equity ratio of 0.70.

Halliburton (NYSE:HAL) last issued its quarterly earnings data on Tuesday, October 21st. The oilfield services company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.08. The company had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.39 billion. Halliburton had a return on equity of 20.12% and a net margin of 5.91%.The firm’s revenue was down 1.7% compared to the same quarter last year. During the same period last year, the company earned $0.73 earnings per share. On average, analysts anticipate that Halliburton Company will post 2.64 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on HAL. Piper Sandler upped their price objective on Halliburton from $25.00 to $27.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. Weiss Ratings restated a “hold (c-)” rating on shares of Halliburton in a research note on Wednesday, October 8th. Redburn Partners set a $35.00 price target on shares of Halliburton in a report on Monday, November 3rd. Rothschild Redb raised shares of Halliburton to a “strong-buy” rating in a research note on Monday, November 3rd. Finally, HSBC set a $30.00 target price on shares of Halliburton and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, Halliburton currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.48.

Halliburton Company 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.