Huntington National Bank Purchases 792 Shares of Halliburton (NYSE:HAL)

Huntington National Bank boosted its holdings in shares of Halliburton (NYSE:HAL) by 2.5% in the 3rd quarter, Holdings Channel reports. The firm owned 32,280 shares of the oilfield services company’s stock after buying an additional 792 shares during the period. Huntington National Bank’s holdings in Halliburton were worth $938,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of HAL. Country Trust Bank acquired a new stake in Halliburton in the third quarter valued at about $36,000. Bruce G. Allen Investments LLC boosted its stake in shares of Halliburton by 274.9% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 1,121 shares of the oilfield services company’s stock valued at $38,000 after purchasing an additional 822 shares in the last quarter. ORG Wealth Partners LLC acquired a new stake 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 1st quarter valued at approximately $46,000. Finally, Venturi Wealth Management LLC increased its position in 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 in the last quarter. Institutional investors own 85.23% of the company’s stock.

Analysts Set New Price Targets

HAL has been the topic of a number of research reports. Bank of America decreased their target price on shares of Halliburton from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Johnson Rice upgraded Halliburton to a “moderate buy” rating in a research report on Friday, July 19th. Morgan Stanley dropped their target price on Halliburton from $45.00 to $35.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. Piper Sandler reduced their price target on Halliburton from $46.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday, July 22nd. Finally, Royal Bank of Canada lowered shares of Halliburton from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from $44.00 to $37.00 in a report on Friday, September 13th. Four analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $40.79.

Halliburton Trading Down 1.4 %

NYSE HAL opened at $29.69 on Friday. The stock has a market capitalization of $26.08 billion, a P/E ratio of 10.34, a P/E/G ratio of 3.70 and a beta of 1.89. The business has a 50 day simple moving average of $29.12 and a 200 day simple moving average of $32.30. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.21 and a quick ratio of 1.62. Halliburton has a one year low of $27.26 and a one year high of $41.56.

Halliburton (NYSE:HAL) last released its earnings results on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share (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 analyst estimates of $5.83 billion. During the same quarter in the previous year, the firm earned $0.79 EPS. The firm’s revenue was down 1.8% on a year-over-year basis. Research 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.