Thrivent Financial for Lutherans Purchases 995,649 Shares of Halliburton (NYSE:HAL)

Thrivent Financial for Lutherans increased its holdings in shares of Halliburton (NYSE:HAL - Free Report) by 22.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,520,383 shares of the oilfield services company's stock after purchasing an additional 995,649 shares during the period. Thrivent Financial for Lutherans owned approximately 0.63% of Halliburton worth $160,367,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Cary Street Partners Asset Management LLC raised its position in Halliburton by 56.5% in the 3rd quarter. Cary Street Partners Asset Management LLC now owns 157,085 shares of the oilfield services company's stock valued at $4,563,000 after buying an additional 56,707 shares during the last quarter. Canada Pension Plan Investment Board raised its position in Halliburton by 146.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 842,355 shares of the oilfield services company's stock valued at $28,455,000 after buying an additional 500,000 shares during the last quarter. Mackenzie Financial Corp raised its position in Halliburton by 105.2% in the 2nd quarter. Mackenzie Financial Corp now owns 186,961 shares of the oilfield services company's stock valued at $6,316,000 after buying an additional 95,864 shares during the last quarter. Semanteon Capital Management LP acquired a new stake in Halliburton in the 3rd quarter valued at approximately $1,181,000. Finally, EverSource Wealth Advisors LLC raised its position in Halliburton by 319.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 36,956 shares of the oilfield services company's stock valued at $1,385,000 after buying an additional 28,137 shares during the last quarter. Institutional investors own 85.23% of the company's stock.

Analyst Ratings Changes

HAL has been the topic of a number of recent research reports. Morgan Stanley dropped their target price on Halliburton from $45.00 to $35.00 and set an "overweight" rating on the stock in a research report on Monday, September 16th. Dbs Bank initiated coverage on Halliburton in a research report on Wednesday, September 18th. They issued a "buy" rating and a $45.00 target price on the stock. Barclays dropped their target price on Halliburton from $47.00 to $43.00 and set an "overweight" rating on the stock in a research report on Friday, November 8th. BMO Capital Markets lowered their price target on Halliburton from $40.00 to $38.00 and set a "market perform" rating on the stock in a research report on Thursday, October 10th. Finally, Evercore ISI lowered their price target on Halliburton from $52.00 to $48.00 and set an "outperform" rating on the stock in a research report on Monday, July 22nd. Four analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Halliburton currently has a consensus rating of "Moderate Buy" and a consensus target price of $40.79.

Halliburton Stock Performance

Shares of HAL stock traded down $0.42 during trading on Friday, reaching $29.69. 8,990,303 shares of the company's stock were exchanged, compared to its average volume of 9,858,634. The company has a quick ratio of 1.62, a current ratio of 2.21 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $26.08 billion, a PE ratio of 10.34, a PEG ratio of 3.64 and a beta of 1.89. Halliburton has a twelve month low of $27.26 and a twelve month high of $41.56. The firm's fifty 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 results on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.02). The firm had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.83 billion. Halliburton had a net margin of 11.04% and a return on equity of 28.33%. The business's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.79 earnings per share. As a group, sell-side analysts anticipate that Halliburton will post 3.02 EPS for the current year.

Halliburton Company 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.