Vise Technologies Inc. Acquires New Shares in Halliburton Company $HAL

Vise Technologies Inc. bought a new position in Halliburton Company (NYSE:HAL) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 35,677 shares of the oilfield services company’s stock, valued at approximately $727,000.

Several other institutional investors have also modified their holdings of HAL. Charles Schwab Investment Management Inc. lifted its position in Halliburton by 450.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 29,941,771 shares of the oilfield services company’s stock valued at $759,623,000 after purchasing an additional 24,506,472 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Halliburton by 7.3% during the first quarter. Invesco Ltd. now owns 10,813,905 shares of the oilfield services company’s stock valued at $274,349,000 after buying an additional 731,105 shares during the last quarter. LSV Asset Management increased its position in Halliburton by 3.3% in the 1st quarter. LSV Asset Management now owns 6,113,044 shares of the oilfield services company’s stock valued at $155,088,000 after acquiring an additional 193,022 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Halliburton by 5.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,279,815 shares of the oilfield services company’s stock valued at $133,949,000 after acquiring an additional 282,492 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in Halliburton by 217.4% during the 1st quarter. AQR Capital Management LLC now owns 4,641,111 shares of the oilfield services company’s stock worth $116,770,000 after acquiring an additional 3,178,746 shares during the period. Institutional investors own 85.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on HAL. Weiss Ratings reissued a “hold (c-)” rating on shares of Halliburton in a report on Wednesday, October 8th. Susquehanna raised their target price on shares of Halliburton from $27.00 to $29.00 and gave the company a “positive” rating in a research note on Wednesday, October 22nd. Stifel Nicolaus set a $32.00 price target on shares of Halliburton in a research note on Wednesday, October 22nd. Zephirin Group raised their price objective on shares of Halliburton from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Finally, Citigroup reiterated a “buy” rating on shares of Halliburton in a research report on Tuesday, October 14th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, Halliburton currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.48.

Insider Transactions at Halliburton

In other news, insider Mark Richard sold 160,000 shares of the stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $27.77, for a total value of $4,443,200.00. Following the completion of the sale, the insider owned 452,374 shares in the company, valued at $12,562,425.98. This represents a 26.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.56% of the stock is currently owned by company insiders.

Halliburton Price Performance

HAL stock opened at $27.02 on Friday. Halliburton Company has a one year low of $18.72 and a one year high of $32.57. The firm has a 50-day moving average of $24.53 and a two-hundred day moving average of $22.41. The firm has a market capitalization of $22.74 billion, a PE ratio of 17.89 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 released its quarterly earnings results on Tuesday, October 21st. The oilfield services company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.08. The business had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.39 billion. Halliburton had a net margin of 5.91% and a return on equity of 20.12%. The firm’s revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.73 earnings per share. On average, analysts forecast that Halliburton Company will post 2.64 earnings per share for the current 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.