Halliburton Company (HAL) Stake Lowered by Affinity Investment Advisors LLC

Affinity Investment Advisors LLC lowered its holdings in Halliburton Company (NYSE:HAL) by 5.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 97,688 shares of the oilfield services company’s stock after selling 5,620 shares during the period. Affinity Investment Advisors LLC’s holdings in Halliburton were worth $4,774,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Brown Advisory Inc. grew its position in shares of Halliburton by 17.3% in the third quarter. Brown Advisory Inc. now owns 56,745 shares of the oilfield services company’s stock valued at $2,612,000 after purchasing an additional 8,362 shares during the period. Nippon Life Insurance Co. grew its position in shares of Halliburton by 28.9% in 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 purchasing an additional 10,218 shares during the period. Segall Bryant & Hamill LLC grew its position in shares of Halliburton by 17.1% in 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 purchasing an additional 50,932 shares during the period. Check Capital Management Inc. CA grew its position in shares of Halliburton by 94.3% in 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 grew its position in shares of Halliburton by 19.0% in 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 owned by institutional investors and hedge funds.

Halliburton Company (HAL) opened at $47.41 on Friday. The company has a market capitalization of $41,370.00, a PE ratio of -92.96, a price-to-earnings-growth ratio of 2.42 and a beta of 0.96. Halliburton Company has a one year low of $38.18 and a one year high of $57.86. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.72 and a current ratio of 2.22.

Halliburton (NYSE:HAL) last issued its quarterly earnings data on Monday, January 22nd. The oilfield services company reported $0.53 EPS for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.07. The company had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.63 billion. Halliburton had a positive return on equity of 11.95% and a negative net margin of 2.25%. The firm’s quarterly revenue was up 47.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.04 earnings per share. sell-side analysts expect that Halliburton Company will post 2.62 EPS for the current year.

In related news, EVP Robb L. Voyles sold 39,287 shares of the business’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $55.00, for a total value of $2,160,785.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Jeffrey Allen Miller sold 29,025 shares of the business’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $55.00, for a total value of $1,596,375.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 164,507 shares of company stock worth $8,380,429. 0.46% of the stock is currently owned by insiders.

A number of research firms have issued reports on HAL. B. Riley reissued a “buy” rating on shares of Halliburton in a research report on Wednesday, November 1st. Atlantic Securities raised Halliburton from an “underweight” rating to a “neutral” rating in a research report on Monday, January 29th. SunTrust Banks boosted their price target on Halliburton to $69.00 and gave the company a “hold” rating in a research report on Tuesday, January 23rd. Sanford C. Bernstein set a $60.00 price target on Halliburton and gave the company a “buy” rating in a research report on Tuesday, January 23rd. Finally, Jefferies Group set a $65.00 price target on Halliburton and gave the company a “buy” rating in a research report on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average 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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