Victory Capital Management Inc. Has $27.52 Million Holdings in Halliburton (NYSE:HAL)

Victory Capital Management Inc. lifted its holdings in shares of Halliburton (NYSE:HAL - Free Report) by 24.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 947,191 shares of the oilfield services company's stock after purchasing an additional 186,538 shares during the quarter. Victory Capital Management Inc. owned about 0.11% of Halliburton worth $27,516,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. First Horizon Advisors Inc. increased its stake in shares of Halliburton by 2.1% in the second quarter. First Horizon Advisors Inc. now owns 14,027 shares of the oilfield services company's stock worth $474,000 after buying an additional 295 shares during the last quarter. Beacon Capital Management LLC raised its holdings in Halliburton by 28.8% during the 1st quarter. Beacon Capital Management LLC now owns 1,382 shares of the oilfield services company's stock worth $54,000 after buying an additional 309 shares during the period. Guinness Atkinson Asset Management Inc boosted its stake in Halliburton by 3.1% in the 2nd quarter. Guinness Atkinson Asset Management Inc now owns 10,847 shares of the oilfield services company's stock worth $366,000 after purchasing an additional 330 shares during the period. Moody National Bank Trust Division increased its holdings in shares of Halliburton by 2.9% in the 2nd quarter. Moody National Bank Trust Division now owns 11,842 shares of the oilfield services company's stock valued at $400,000 after purchasing an additional 336 shares during the period. Finally, Northwest Bank & Trust Co raised its holdings in shares of Halliburton by 3.2% during the third quarter. Northwest Bank & Trust Co now owns 12,979 shares of the oilfield services company's stock worth $377,000 after acquiring an additional 397 shares in the last quarter. 85.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HAL. Bank of America lowered their price target on Halliburton from $40.00 to $38.00 and set a "buy" rating on the stock in a research report on Monday, October 14th. Evercore ISI reduced their target price on shares of Halliburton from $52.00 to $48.00 and set an "outperform" rating on the stock in a research note on Monday, July 22nd. Benchmark restated a "buy" rating and set a $40.00 price objective on shares of Halliburton in a report on Friday, November 8th. UBS Group dropped their price target on Halliburton from $41.00 to $37.00 and set a "buy" rating on the stock in a research report on Wednesday, September 18th. Finally, BMO Capital Markets decreased their price objective on Halliburton from $40.00 to $38.00 and set a "market perform" rating for the company in a report on Thursday, October 10th. Four analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $40.74.

Halliburton Trading Up 2.6 %

Shares of NYSE:HAL traded up $0.76 during midday trading on Monday, reaching $30.45. The company's stock had a trading volume of 9,152,104 shares, compared to its average volume of 8,087,857. Halliburton has a 1 year low of $27.26 and a 1 year high of $41.56. The business has a 50 day moving average price of $29.18 and a 200 day moving average price of $32.12. 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 firm has a market cap of $26.75 billion, a price-to-earnings ratio of 10.61, a price-to-earnings-growth ratio of 3.64 and a beta of 1.89.

Halliburton (NYSE:HAL - Get Free Report) last posted 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). Halliburton had a net margin of 11.04% and a return on equity of 28.33%. The company had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.83 billion. During the same quarter last year, the company earned $0.79 earnings per share. The company's revenue was down 1.8% compared to the same quarter last year. Research analysts forecast that Halliburton will post 3.02 EPS for the current 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.