Empowered Funds LLC Raises Holdings in Halliburton (NYSE:HAL)

Empowered Funds LLC boosted its stake in shares of Halliburton (NYSE:HAL - Free Report) by 16.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 257,107 shares of the oilfield services company's stock after buying an additional 36,503 shares during the period. Empowered Funds LLC's holdings in Halliburton were worth $7,469,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in HAL. Country Trust Bank acquired a new stake in shares of Halliburton during the 3rd quarter worth approximately $36,000. Bruce G. Allen Investments LLC increased its stake in Halliburton by 274.9% during the second quarter. Bruce G. Allen Investments LLC now owns 1,121 shares of the oilfield services company's stock worth $38,000 after acquiring an additional 822 shares during the last quarter. ORG Wealth Partners LLC purchased a new stake in Halliburton in the third quarter valued at $44,000. Crewe Advisors LLC acquired a new position in shares of Halliburton in the 1st quarter valued at $46,000. Finally, Venturi Wealth Management LLC increased its position in shares of Halliburton by 34.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company's stock worth $47,000 after purchasing an additional 412 shares during the last quarter. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HAL. The Goldman Sachs Group reduced their price objective on shares of Halliburton from $47.00 to $40.00 and set a "buy" rating on the stock in a report on Thursday, August 29th. TD Cowen decreased their price objective on shares of Halliburton from $47.00 to $45.00 and set a "buy" rating on the stock in a report on Monday, July 22nd. Bank of America dropped their target price on shares of Halliburton from $40.00 to $38.00 and set a "buy" rating for the company in a report on Monday, October 14th. Susquehanna decreased their price target on Halliburton from $42.00 to $40.00 and set a "positive" rating on the stock in a research note on Friday, November 8th. Finally, Raymond James cut their price objective on Halliburton from $41.00 to $37.00 and set a "strong-buy" rating on the stock in a report on Friday, November 8th. Four analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Halliburton currently has an average rating of "Moderate Buy" and a consensus price target of $40.79.

Halliburton Stock Down 1.4 %

Shares of Halliburton stock traded down $0.42 during trading on Friday, hitting $29.69. 8,990,303 shares of the stock were exchanged, compared to its average volume of 9,858,634. Halliburton has a 12-month low of $27.26 and a 12-month high of $41.56. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.21 and a quick ratio of 1.62. The stock has a market cap of $26.08 billion, a price-to-earnings ratio of 10.34, a price-to-earnings-growth ratio of 3.64 and a beta of 1.89. The firm's 50-day moving average price is $29.14 and its 200 day moving average price is $32.17.

Halliburton (NYSE:HAL - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The oilfield services company reported $0.73 EPS for the quarter, missing analysts' consensus estimates of $0.75 by ($0.02). The business had revenue of $5.70 billion during the quarter, compared to analysts' expectations of $5.83 billion. Halliburton had a net margin of 11.04% and a return on equity of 28.33%. The company's revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.79 EPS. As a group, analysts forecast that Halliburton will post 3.02 earnings per share for the current fiscal year.

About Halliburton

Halliburton Company provides products and services to the energy industry worldwide. It operates through two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; and completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, and service tools, as well as liner hanger, sand control, and multilateral systems.