Halliburton Company (HAL) Shares Bought by Investment Management of Virginia LLC

Investment Management of Virginia LLC increased its stake in Halliburton Company (NYSE:HAL) by 174.8% during the 4th quarter, Holdings Channel reports. The fund owned 116,734 shares of the oilfield services company’s stock after buying an additional 74,255 shares during the period. Halliburton accounts for approximately 1.4% of Investment Management of Virginia LLC’s portfolio, making the stock its 18th largest position. Investment Management of Virginia LLC’s holdings in Halliburton were worth $5,705,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Brown Advisory Inc. lifted its position in Halliburton by 17.3% during the third quarter. Brown Advisory Inc. now owns 56,745 shares of the oilfield services company’s stock valued at $2,612,000 after buying an additional 8,362 shares in the last quarter. Nippon Life Insurance Co. lifted its position in Halliburton by 28.9% during the third quarter. Nippon Life Insurance Co. now owns 45,551 shares of the oilfield services company’s stock valued at $2,097,000 after buying an additional 10,218 shares in the last quarter. Segall Bryant & Hamill LLC lifted its position in Halliburton by 17.1% during the third quarter. Segall Bryant & Hamill LLC now owns 348,275 shares of the oilfield services company’s stock valued at $16,031,000 after buying an additional 50,932 shares in the last quarter. Check Capital Management Inc. CA raised its stake in shares of Halliburton by 94.3% during the third quarter. Check Capital Management Inc. CA now owns 13,702 shares of the oilfield services company’s stock valued at $631,000 after purchasing an additional 6,651 shares during the period. Finally, Janney Capital Management LLC raised its stake in shares of Halliburton by 19.0% during the third quarter. Janney Capital Management LLC now owns 311,916 shares of the oilfield services company’s stock valued at $14,357,000 after purchasing an additional 49,872 shares during the period. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Shares of Halliburton Company (NYSE HAL) opened at $49.69 on Thursday. 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 12 month low of $38.18 and a 12 month high of $57.86. The firm has a market cap of $44,176.75, a price-to-earnings ratio of -93.75, a price-to-earnings-growth ratio of 2.42 and a beta of 0.97.

Halliburton (NYSE:HAL) last released its earnings results on Monday, January 22nd. The oilfield services company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.07. Halliburton had a negative net margin of 2.25% and a positive return on equity of 11.95%. The firm had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.63 billion. During the same quarter in the previous year, the firm earned $0.04 earnings per share. The firm’s revenue for the quarter was up 47.7% compared to the same quarter last year. equities research analysts forecast that Halliburton Company will post 2.62 EPS for the current year.

In other Halliburton news, EVP Lawrence J. Pope sold 9,100 shares of the business’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $41.35, for a total transaction of $376,285.00. Following the completion of the sale, the executive vice president now owns 180,646 shares in the company, valued at $7,469,712.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey Allen Miller sold 29,025 shares of the business’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $55.00, for a total transaction of $1,596,375.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 164,507 shares of company stock valued at $8,380,429. 0.46% of the stock is owned by insiders.

A number of analysts have recently issued reports on HAL shares. Royal Bank of Canada set a $55.00 price objective on shares of Halliburton and gave the company a “buy” rating in a research note on Sunday, October 15th. FBR & Co dropped their price objective on shares of Halliburton from $61.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday, October 24th. Cowen reiterated a “market perform” rating and set a $50.00 price objective on shares of Halliburton in a research note on Tuesday, October 24th. Loop Capital reiterated a “buy” rating and set a $57.00 price objective (down previously from $62.00) on shares of Halliburton in a research note on Tuesday, October 24th. Finally, Scotiabank reiterated a “buy” rating and set a $52.00 price objective on shares of Halliburton in a research note on Wednesday, October 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $59.73.

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Halliburton Company Profile

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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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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