Halliburton (NYSE:HAL) Shares Purchased by Quest Partners LLC

Quest Partners LLC increased its holdings in Halliburton (NYSE:HAL - Free Report) by 2,418.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 78,387 shares of the oilfield services company's stock after purchasing an additional 75,275 shares during the period. Quest Partners LLC's holdings in Halliburton were worth $2,277,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in HAL. Thrivent Financial for Lutherans boosted its stake in Halliburton by 22.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 5,520,383 shares of the oilfield services company's stock worth $160,367,000 after buying an additional 995,649 shares during the last quarter. AM Squared Ltd boosted its holdings in shares of Halliburton by 14.9% in the 3rd quarter. AM Squared Ltd now owns 7,700 shares of the oilfield services company's stock valued at $224,000 after purchasing an additional 1,000 shares during the last quarter. Empowered Funds LLC boosted its holdings in Halliburton by 16.5% in the third quarter. Empowered Funds LLC now owns 257,107 shares of the oilfield services company's stock valued at $7,469,000 after acquiring an additional 36,503 shares during the last quarter. Empirical Finance LLC grew its position in Halliburton by 1.7% during the third quarter. Empirical Finance LLC now owns 46,651 shares of the oilfield services company's stock valued at $1,355,000 after acquiring an additional 762 shares during the period. Finally, CIBC Asset Management Inc increased its stake in Halliburton by 8.1% during the third quarter. CIBC Asset Management Inc now owns 128,895 shares of the oilfield services company's stock worth $3,744,000 after acquiring an additional 9,611 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HAL has been the subject of a number of research reports. Raymond James decreased their target price on Halliburton from $41.00 to $37.00 and set a "strong-buy" rating for the company in a report on Friday, November 8th. The Goldman Sachs Group dropped their price target on shares of Halliburton from $47.00 to $40.00 and set a "buy" rating on the stock in a research note on Thursday, August 29th. Susquehanna dropped their price objective on Halliburton from $42.00 to $40.00 and set a "positive" rating on the stock in a report on Friday, November 8th. Dbs Bank initiated coverage on Halliburton in a research note on Wednesday, September 18th. They set a "buy" rating and a $45.00 target price for the company. Finally, UBS Group reduced their price objective on shares of Halliburton from $41.00 to $37.00 and set a "buy" rating on the stock in a research note on Wednesday, September 18th. Four equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $40.74.

Halliburton Stock Performance

NYSE HAL traded up $0.70 on Monday, hitting $30.39. The stock had a trading volume of 4,418,897 shares, compared to its average volume of 8,066,598. The company's 50-day moving average is $29.14 and its two-hundred day moving average is $32.17. The stock has a market cap of $26.70 billion, a price-to-earnings ratio of 10.48, a P/E/G ratio of 3.64 and a beta of 1.89. The company has a quick ratio of 1.62, a current ratio of 2.21 and a debt-to-equity ratio of 0.74. Halliburton has a one year low of $27.26 and a one year high of $41.56.

Halliburton (NYSE:HAL - Get Free Report) last posted its 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). Halliburton had a net margin of 11.04% and a return on equity of 28.33%. The business had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.83 billion. During the same quarter in the prior year, the business earned $0.79 earnings per share. The firm's revenue was down 1.8% compared to the same quarter last year. On average, analysts expect that Halliburton will post 3.02 earnings per share 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.