Rhumbline Advisers Has $76.20 Million Position in Halliburton Company (HAL)

Rhumbline Advisers boosted its position in shares of Halliburton Company (NYSE:HAL) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,559,272 shares of the oilfield services company’s stock after buying an additional 36,213 shares during the quarter. Rhumbline Advisers owned approximately 0.18% of Halliburton worth $76,202,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Brown Advisory Inc. grew its position in shares of Halliburton by 17.3% in the third quarter. Brown Advisory Inc. now owns 56,745 shares of the oilfield services company’s stock valued at $2,612,000 after purchasing an additional 8,362 shares during the period. Nippon Life Insurance Co. grew its position in shares of Halliburton by 28.9% in the third quarter. Nippon Life Insurance Co. now owns 45,551 shares of the oilfield services company’s stock valued at $2,097,000 after purchasing an additional 10,218 shares during the period. Segall Bryant & Hamill LLC grew its position in shares of Halliburton by 17.1% in the third quarter. Segall Bryant & Hamill LLC now owns 348,275 shares of the oilfield services company’s stock valued at $16,031,000 after purchasing an additional 50,932 shares during the period. Check Capital Management Inc. CA grew its position in shares of Halliburton by 94.3% in the third quarter. Check Capital Management Inc. CA now owns 13,702 shares of the oilfield services company’s stock valued at $631,000 after purchasing an additional 6,651 shares during the period. Finally, Janney Capital Management LLC grew its position in shares of Halliburton by 19.0% in the third quarter. Janney Capital Management LLC now owns 311,916 shares of the oilfield services company’s stock valued at $14,357,000 after purchasing an additional 49,872 shares during the period. Institutional investors own 80.57% of the company’s stock.

Halliburton Company (HAL) opened at $47.50 on Friday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.72 and a current ratio of 2.22. Halliburton Company has a 52 week low of $38.18 and a 52 week high of $57.86. The company has a market cap of $41,024.52, a PE ratio of -89.62, a price-to-earnings-growth ratio of 2.24 and a beta of 0.97.

Halliburton (NYSE:HAL) last issued its earnings results on Monday, January 22nd. The oilfield services company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.07. Halliburton had a negative net margin of 2.25% and a positive return on equity of 11.95%. The company had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.63 billion. During the same period in the previous year, the firm earned $0.04 earnings per share. Halliburton’s quarterly revenue was up 47.7% compared to the same quarter last year. equities analysts predict that Halliburton Company will post 2.62 EPS for the current fiscal year.

In other Halliburton news, EVP Robb L. Voyles sold 39,287 shares of Halliburton stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $55.00, for a total transaction of $2,160,785.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Lawrence J. Pope sold 9,100 shares of Halliburton stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $41.35, for a total transaction of $376,285.00. Following the transaction, the executive vice president now directly owns 180,646 shares in the company, valued at $7,469,712.10. The disclosure for this sale can be found here. Insiders have sold 164,507 shares of company stock worth $8,380,429 over the last ninety days. 0.46% of the stock is owned by insiders.

HAL has been the topic of several research analyst reports. FBR & Co dropped their target price on shares of Halliburton from $61.00 to $55.00 and set a “buy” rating on the stock in a research report on Tuesday, October 24th. Cowen reiterated a “market perform” rating and issued a $50.00 target price on shares of Halliburton in a research report on Tuesday, October 24th. Loop Capital reiterated a “buy” rating and issued a $57.00 target price (down previously from $62.00) on shares of Halliburton in a research report on Tuesday, October 24th. Scotiabank reiterated a “buy” rating and issued a $52.00 target price on shares of Halliburton in a research report on Wednesday, October 25th. Finally, Citigroup dropped their target price on shares of Halliburton from $54.00 to $52.00 and set a “buy” rating on the stock in a research report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company. Halliburton has a consensus rating of “Buy” and an average target price of $59.73.

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Halliburton Profile

Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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