Oakbrook Investments LLC lowered its position in shares of Halliburton (NYSE:HAL) by 41.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 39,845 shares of the oilfield services company’s stock after selling 27,640 shares during the quarter. Oakbrook Investments LLC’s holdings in Halliburton were worth $1,615,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ardsley Advisory Partners acquired a new stake in Halliburton during the second quarter worth approximately $4,957,000. Canada Pension Plan Investment Board boosted its position in Halliburton by 10.1% during the second 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 during the last quarter. Steward Partners Investment Advisory LLC boosted its position in Halliburton by 11.4% during the second 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 during the last quarter. Investec Asset Management LTD boosted its position in Halliburton by 16.1% during the second 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 during the last quarter. Finally, GHP Investment Advisors Inc. boosted its position in Halliburton by 13.3% during the second 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 during the last quarter. Hedge funds and other institutional investors own 78.98% of the company’s stock.

In other news, insider James S. Brown sold 15,989 shares of the firm’s stock in a transaction on Thursday, September 20th. The shares were sold at an average price of $40.53, for a total value of $648,034.17. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Murry Gerber bought 5,800 shares of the business’s stock in a transaction dated Thursday, July 26th. The stock was acquired at an average cost of $40.66 per share, for a total transaction of $235,828.00. Following the purchase, the director now owns 60,961 shares in the company, valued at approximately $2,478,674.26. The disclosure for this purchase can be found here. Company insiders own 0.54% of the company’s stock.

Shares of HAL opened at $37.54 on Friday. The firm has a market capitalization of $33.03 billion, a price-to-earnings ratio of 19.35, a P/E/G ratio of 0.91 and a beta of 1.01. Halliburton has a fifty-two week low of $35.75 and a fifty-two week high of $57.86. The company has a current ratio of 2.24, a quick ratio of 1.72 and a debt-to-equity ratio of 1.18.

Halliburton (NYSE:HAL) last announced its quarterly earnings results on Monday, July 23rd. The oilfield services company reported $0.58 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.01). The company had revenue of $6.15 billion during the quarter, compared to analyst estimates of $6.12 billion. Halliburton had a net margin of 0.42% and a return on equity of 19.48%. The firm’s revenue for the quarter was up 24.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.23 EPS. Sell-side analysts forecast that Halliburton will post 1.96 earnings per share for the current fiscal year.

A number of brokerages recently issued reports on HAL. ValuEngine lowered shares of Halliburton from a “hold” rating to a “sell” rating in a research report on Friday. Zacks Investment Research lowered shares of Halliburton from a “buy” rating to a “hold” rating in a research report on Monday, July 2nd. Royal Bank of Canada set a $54.00 target price on shares of Halliburton and gave the stock a “buy” rating in a research report on Tuesday, July 24th. Citigroup set a $51.00 target price on shares of Halliburton and gave the stock a “buy” rating in a research report on Tuesday, July 24th. Finally, B. Riley set a $51.00 target price on shares of Halliburton and gave the stock a “buy” rating in a research report on Thursday, July 26th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $53.56.

Halliburton Company 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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