GSA Capital Partners LLP Acquires Shares of 40,258 Halliburton (NYSE:HAL)

GSA Capital Partners LLP bought a new stake in shares of Halliburton (NYSE:HAL - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 40,258 shares of the oilfield services company's stock, valued at approximately $1,169,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HAL. Country Trust Bank bought a new stake in shares of Halliburton during the 3rd quarter valued at about $36,000. Bruce G. Allen Investments LLC grew its holdings in shares of Halliburton by 274.9% during the 2nd 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 period. ORG Wealth Partners LLC purchased a new position in shares of Halliburton in the 3rd quarter valued at approximately $44,000. Crewe Advisors LLC bought a new stake in shares of Halliburton during the first quarter valued at approximately $46,000. Finally, Venturi Wealth Management LLC grew its stake in Halliburton by 34.2% in the third 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 period. Hedge funds and other institutional investors own 85.23% of the company's stock.

Halliburton Price Performance

Halliburton stock traded down $0.42 during mid-day trading on Friday, hitting $29.69. The stock had a trading volume of 8,989,791 shares, compared to its average volume of 8,083,026. The firm's 50 day moving average is $29.12 and its 200 day moving average is $32.30. The firm has a market capitalization of $26.08 billion, a P/E ratio of 10.65, a P/E/G ratio of 3.70 and a beta of 1.89. Halliburton has a one year low of $27.26 and a one year high of $41.56. The company has a current ratio of 2.21, a quick ratio of 1.62 and a debt-to-equity ratio of 0.74.

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

Analyst Ratings Changes

Several research analysts recently issued reports on HAL shares. Evercore ISI decreased their price target on shares of Halliburton from $52.00 to $48.00 and set an "outperform" rating for the company in a research note on Monday, July 22nd. BMO Capital Markets decreased their target price on shares of Halliburton from $40.00 to $38.00 and set a "market perform" rating for the company in a research note on Thursday, October 10th. Jefferies Financial Group dropped their price target on Halliburton from $47.00 to $46.00 and set a "buy" rating on the stock in a research report on Tuesday, September 24th. Wells Fargo & Company reduced their price objective on Halliburton from $46.00 to $39.00 and set an "overweight" rating for the company in a research report on Wednesday, September 25th. Finally, Piper Sandler dropped their target price on Halliburton from $46.00 to $40.00 and set an "overweight" rating on the stock in a report on Monday, July 22nd. Four investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Halliburton has a consensus rating of "Moderate Buy" and an average target price of $40.79.

Halliburton Profile

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.