Hayden Royal LLC Makes New Investment in Halliburton (NYSE:HAL)
Hayden Royal LLC purchased a new position in shares of Halliburton (NYSE:HAL) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 11,449 shares of the oilfield services company’s stock, valued at approximately $273,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ellis Investment Partners LLC bought a new position in Halliburton during the 1st quarter worth $25,000. American Research & Management Co. bought a new position in Halliburton during the 1st quarter worth $29,000. Paragon Capital Management LLC bought a new position in Halliburton during the 1st quarter worth $29,000. Barnett & Company Inc. bought a new position in shares of Halliburton in the first quarter worth $29,000. Finally, Asset Planning Services Ltd. increased its position in shares of Halliburton by 903.2% in the second quarter. Asset Planning Services Ltd. now owns 1,254 shares of the oilfield services company’s stock worth $29,000 after purchasing an additional 1,129 shares during the period. 78.42% of the stock is owned by institutional investors.
HAL has been the topic of a number of recent analyst reports. Seaport Global Securities set a $49.00 price target on Halliburton and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. Stephens decreased their price target on Halliburton from $45.00 to $35.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 23rd. Piper Jaffray Companies set a $26.00 price target on Halliburton and gave the stock a “buy” rating in a research report on Monday, July 1st. UBS Group set a $36.00 price target on Halliburton and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. Finally, Morgan Stanley decreased their price target on Halliburton from $40.00 to $36.00 and set an “overweight” rating on the stock in a research report on Friday, July 12th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $39.78.
Halliburton (NYSE:HAL) last released its quarterly earnings data on Monday, July 22nd. The oilfield services company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.05. The business had revenue of $5.93 billion for the quarter, compared to analyst estimates of $5.97 billion. Halliburton had a return on equity of 13.76% and a net margin of 5.58%. Halliburton’s revenue was down 3.5% compared to the same quarter last year. During the same period last year, the firm posted $0.58 earnings per share. As a group, sell-side analysts anticipate that Halliburton will post 1.33 EPS for the current fiscal year.
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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