Traders purchased shares of Halliburton (NYSE:HAL) on weakness during trading on Thursday. $163.22 million flowed into the stock on the tick-up and $83.44 million flowed out of the stock on the tick-down, for a money net flow of $79.78 million into the stock. Of all equities tracked, Halliburton had the 6th highest net in-flow for the day. Halliburton traded down ($1.56) for the day and closed at $38.00

A number of brokerages have recently commented on HAL. ValuEngine cut Halliburton from a “hold” rating to a “sell” rating in a report on Friday. Cleveland Research cut Halliburton from a “buy” rating to a “neutral” rating in a report on Thursday. Bank of America began coverage on Halliburton in a report on Wednesday. They set a “buy” rating for the company. Stephens began coverage on Halliburton in a report on Friday, October 12th. They set an “overweight” rating for the company. Finally, Societe Generale cut Halliburton from a “buy” rating to a “hold” rating and set a $43.00 price objective for the company. in a report on Friday, October 12th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $53.56.

The firm has a market capitalization of $33.44 billion, a price-to-earnings ratio of 30.77, a price-to-earnings-growth ratio of 0.92 and a beta of 1.01. The company has a quick ratio of 1.72, a current ratio of 2.24 and a debt-to-equity ratio of 1.18.

Halliburton (NYSE:HAL) last issued its earnings results on Monday, July 23rd. The oilfield services company reported $0.58 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.01). Halliburton had a return on equity of 19.48% and a net margin of 0.42%. The firm had revenue of $6.15 billion during the quarter, compared to analysts’ expectations of $6.12 billion. During the same quarter in the prior year, the company posted $0.23 earnings per share. Halliburton’s quarterly revenue was up 24.0% compared to the same quarter last year. Analysts expect that Halliburton will post 1.97 EPS for the current year.

In other Halliburton news, insider James S. Brown sold 15,989 shares of the company’s stock in a transaction on Thursday, September 20th. The stock was sold at an average price of $40.53, for a total value of $648,034.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Murry Gerber bought 5,800 shares of the stock in a transaction on Thursday, July 26th. The stock was purchased at an average price of $40.66 per share, with a total value of $235,828.00. Following the completion of the acquisition, the director now directly owns 60,961 shares in the company, valued at approximately $2,478,674.26. The disclosure for this purchase can be found here. 0.54% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of HAL. Ardsley Advisory Partners bought a new position in shares of Halliburton in the 2nd quarter worth $4,957,000. Canada Pension Plan Investment Board raised its position in shares of Halliburton by 10.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 617,412 shares of the oilfield services company’s stock worth $27,821,000 after acquiring an additional 56,586 shares in the last quarter. Steward Partners Investment Advisory LLC raised its position in shares of Halliburton by 11.4% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 56,146 shares of the oilfield services company’s stock worth $2,530,000 after acquiring an additional 5,745 shares in the last quarter. Investec Asset Management LTD raised its position in shares of Halliburton by 16.1% in the 2nd quarter. Investec Asset Management LTD now owns 41,929 shares of the oilfield services company’s stock worth $1,889,000 after acquiring an additional 5,802 shares in the last quarter. Finally, GHP Investment Advisors Inc. raised its position in shares of Halliburton by 13.3% in the 2nd quarter. GHP Investment Advisors Inc. now owns 23,492 shares of the oilfield services company’s stock worth $1,059,000 after acquiring an additional 2,756 shares in the last quarter. Institutional investors and hedge funds own 78.98% of the company’s stock.

Halliburton Company Profile (NYSE:HAL)

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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