Xact Kapitalforvaltning AB Sells 10,040 Shares of Halliburton (HAL)

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Xact Kapitalforvaltning AB cut its holdings in Halliburton (NYSE:HAL) by 10.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,746 shares of the oilfield services company’s stock after selling 10,040 shares during the period. Xact Kapitalforvaltning AB’s holdings in Halliburton were worth $3,394,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Avestar Capital LLC boosted its holdings in Halliburton by 1,159.6% in the second quarter. Avestar Capital LLC now owns 2,368 shares of the oilfield services company’s stock worth $105,000 after purchasing an additional 2,180 shares in the last quarter. Sun Life Financial INC boosted its holdings in Halliburton by 1,170.1% in the second quarter. Sun Life Financial INC now owns 2,375 shares of the oilfield services company’s stock worth $107,000 after purchasing an additional 2,188 shares in the last quarter. Squar Milner Financial Services LLC bought a new stake in Halliburton in the second quarter worth $130,000. Banco de Sabadell S.A bought a new stake in Halliburton in the second quarter worth $136,000. Finally, Trust Co. of Vermont boosted its holdings in Halliburton by 58.5% in the second quarter. Trust Co. of Vermont now owns 3,024 shares of the oilfield services company’s stock worth $137,000 after purchasing an additional 1,116 shares in the last quarter. Hedge funds and other institutional investors own 78.85% of the company’s stock.

A number of equities research analysts recently issued reports on HAL shares. Wells Fargo & Co reiterated a “buy” rating on shares of Halliburton in a report on Friday, September 7th. Wolfe Research started coverage on shares of Halliburton in a report on Wednesday, October 10th. They issued an “outperform” rating for the company. Credit Suisse Group set a $51.00 price objective on shares of Halliburton and gave the stock a “buy” rating in a report on Thursday, September 6th. ValuEngine cut shares of Halliburton from a “hold” rating to a “sell” rating in a report on Friday, October 19th. Finally, UBS Group set a $50.00 price objective on shares of Halliburton and gave the stock a “buy” rating in a report on Tuesday, October 23rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $51.60.

Halliburton stock opened at $34.42 on Tuesday. The firm has a market cap of $30.92 billion, a price-to-earnings ratio of 28.21, a PEG ratio of 0.95 and a beta of 1.01. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.31 and a quick ratio of 1.73. Halliburton has a fifty-two week low of $33.73 and a fifty-two week high of $57.86.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Monday, October 22nd. The oilfield services company reported $0.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.01. The business had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.10 billion. Halliburton had a net margin of 0.70% and a return on equity of 20.42%. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.42 earnings per share. Equities analysts forecast that Halliburton will post 1.86 earnings per share for the current fiscal year.

In other news, insider James S. Brown sold 15,989 shares of the company’s stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $40.53, for a total transaction of $648,034.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.54% of the stock is currently owned by corporate insiders.

Halliburton Profile

Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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