Beutel Goodman & Co Ltd. Has $107.02 Million Stake in Halliburton (HAL)

Beutel Goodman & Co Ltd. raised its stake in Halliburton (NYSE:HAL) by 9.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,413,313 shares of the oilfield services company’s stock after purchasing an additional 305,100 shares during the quarter. Beutel Goodman & Co Ltd.’s holdings in Halliburton were worth $107,021,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of HAL. Sanders Capital LLC increased its position in shares of Halliburton by 24.8% during the third quarter. Sanders Capital LLC now owns 19,776,422 shares of the oilfield services company’s stock valued at $883,006,000 after acquiring an additional 3,932,014 shares during the last quarter. Natixis increased its position in shares of Halliburton by 79.6% during the second quarter. Natixis now owns 3,771,221 shares of the oilfield services company’s stock valued at $169,931,000 after acquiring an additional 1,671,817 shares during the last quarter. Point72 Asset Management L.P. increased its position in shares of Halliburton by 121.7% during the second quarter. Point72 Asset Management L.P. now owns 2,687,497 shares of the oilfield services company’s stock valued at $121,099,000 after acquiring an additional 1,475,332 shares during the last quarter. Morgan Stanley increased its position in shares of Halliburton by 25.2% during the second quarter. Morgan Stanley now owns 6,879,339 shares of the oilfield services company’s stock valued at $309,984,000 after acquiring an additional 1,385,703 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its position in shares of Halliburton by 1,348.5% during the second quarter. Advisors Asset Management Inc. now owns 1,179,086 shares of the oilfield services company’s stock valued at $3,477,000 after acquiring an additional 1,097,687 shares during the last quarter. 78.85% of the stock is owned by institutional investors.

In other Halliburton news, insider James S. Brown sold 15,989 shares of the firm’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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.54% of the company’s stock.

NYSE:HAL opened at $34.68 on Thursday. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.31 and a quick ratio of 1.73. Halliburton has a 1 year low of $33.73 and a 1 year high of $57.86. The firm has a market capitalization of $30.71 billion, a price-to-earnings ratio of 28.43, a PEG ratio of 0.94 and a beta of 1.01.

Halliburton (NYSE:HAL) last released its earnings results on Monday, October 22nd. The oilfield services company reported $0.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.01. Halliburton had a return on equity of 20.42% and a net margin of 0.70%. The business had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.10 billion. During the same period last year, the business posted $0.42 earnings per share. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, equities research analysts predict that Halliburton will post 1.86 EPS for the current fiscal year.

A number of analysts recently commented on the company. Barclays set a $52.00 price target on Halliburton and gave the company a “buy” rating in a research report on Wednesday, October 10th. ValuEngine raised Halliburton from a “sell” rating to a “hold” rating in a research report on Thursday, October 4th. Wells Fargo & Co decreased their price target on Halliburton from $58.00 to $55.00 and set an “outperform” rating for the company in a research report on Wednesday, October 3rd. Wolfe Research assumed coverage on Halliburton in a research report on Wednesday, October 10th. They set an “outperform” rating for the company. Finally, Credit Suisse Group set a $52.00 price target on Halliburton and gave the company a “buy” rating in a research report on Tuesday, July 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $51.60.

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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