D.A. Davidson & CO. Has $2.70 Million Position in Halliburton Company (HAL)
D.A. Davidson & CO. increased its holdings in Halliburton Company (NYSE:HAL) by 9.2% during the 4th quarter, Holdings Channel reports. The firm owned 55,206 shares of the oilfield services company’s stock after purchasing an additional 4,629 shares during the period. D.A. Davidson & CO.’s holdings in Halliburton were worth $2,698,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the stock. Ameriprise Financial Inc. grew its stake in shares of Halliburton by 9.1% in the third quarter. Ameriprise Financial Inc. now owns 17,051,088 shares of the oilfield services company’s stock worth $784,822,000 after purchasing an additional 1,427,985 shares during the last quarter. Macquarie Group Ltd. grew its stake in shares of Halliburton by 2.5% in the third quarter. Macquarie Group Ltd. now owns 15,931,445 shares of the oilfield services company’s stock worth $733,325,000 after purchasing an additional 384,565 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Halliburton by 4.2% in the third quarter. Bank of New York Mellon Corp now owns 12,570,534 shares of the oilfield services company’s stock worth $578,622,000 after purchasing an additional 500,982 shares during the last quarter. Jennison Associates LLC grew its stake in shares of Halliburton by 1.5% in the fourth quarter. Jennison Associates LLC now owns 8,857,279 shares of the oilfield services company’s stock worth $432,855,000 after purchasing an additional 130,567 shares during the last quarter. Finally, Van ECK Associates Corp grew its stake in shares of Halliburton by 4.3% in the third quarter. Van ECK Associates Corp now owns 6,533,708 shares of the oilfield services company’s stock worth $300,747,000 after purchasing an additional 272,222 shares during the last quarter. 80.61% of the stock is currently owned by institutional investors.
Halliburton Company (NYSE HAL) opened at $47.50 on Monday. The stock has a market cap of $41,558.22, a PE ratio of 38.93, a PEG ratio of 2.27 and a beta of 0.97. The company has a current ratio of 2.22, a quick ratio of 1.72 and a debt-to-equity ratio of 1.25. Halliburton Company has a 1 year low of $38.18 and a 1 year high of $57.86.
In related news, insider Timothy Mckeon sold 1,609 shares of the company’s stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $48.99, for a total value of $78,824.91. Following the sale, the insider now owns 18,612 shares in the company, valued at approximately $911,801.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Anne L. Beaty sold 2,937 shares of the company’s stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $51.57, for a total transaction of $151,461.09. Following the completion of the sale, the vice president now owns 60,839 shares in the company, valued at approximately $3,137,467.23. The disclosure for this sale can be found here. Insiders have sold a total of 164,507 shares of company stock worth $8,380,429 in the last three months. Insiders own 0.47% of the company’s stock.
Several analysts recently weighed in on the stock. Atlantic Securities raised shares of Halliburton from an “underweight” rating to a “neutral” rating in a research note on Monday, January 29th. Barclays set a $66.00 price objective on shares of Halliburton and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. Jefferies Group set a $65.00 price objective on shares of Halliburton and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. B. Riley boosted their price objective on shares of Halliburton from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Finally, Cowen reaffirmed a “hold” rating and set a $60.00 price target on shares of Halliburton in a research report on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. Halliburton has an average rating of “Buy” and an average price target of $59.73.
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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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